Schonfeld Strategic Advisors LLC Invests $115,000 in Stoneridge, Inc. (NYSE:SRI)

Schonfeld Strategic Advisors LLC acquired a new position in Stoneridge, Inc. (NYSE:SRI) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 18,300 shares of the auto parts company’s stock, valued at approximately $115,000. Schonfeld Strategic Advisors LLC owned approximately 0.07% of Stoneridge as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. bought a new stake in Stoneridge in the fourth quarter worth about $25,000. US Bancorp DE raised its holdings in shares of Stoneridge by 65.2% in the 4th quarter. US Bancorp DE now owns 6,791 shares of the auto parts company’s stock worth $43,000 after purchasing an additional 2,679 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Stoneridge in the 4th quarter worth approximately $74,000. Quantbot Technologies LP bought a new stake in shares of Stoneridge in the 4th quarter worth approximately $98,000. Finally, Wells Fargo & Company MN increased its holdings in shares of Stoneridge by 27.9% in the fourth quarter. Wells Fargo & Company MN now owns 16,021 shares of the auto parts company’s stock valued at $100,000 after buying an additional 3,490 shares in the last quarter. 98.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on SRI. StockNews.com raised Stoneridge from a “hold” rating to a “buy” rating in a report on Tuesday. Barrington Research reiterated an “outperform” rating and issued a $16.00 price target on shares of Stoneridge in a research report on Thursday, May 1st.

Stoneridge Stock Down 6.8%

SRI stock opened at $4.80 on Thursday. Stoneridge, Inc. has a 52-week low of $3.54 and a 52-week high of $18.40. The company’s 50 day simple moving average is $4.43 and its 200-day simple moving average is $5.43. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.44 and a quick ratio of 1.40. The firm has a market capitalization of $133.66 million, a P/E ratio of -17.78 and a beta of 1.22.

Stoneridge (NYSE:SRI) last announced its earnings results on Wednesday, April 30th. The auto parts company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.02). Stoneridge had a negative net margin of 0.81% and a negative return on equity of 0.42%. The firm had revenue of $217.89 million for the quarter, compared to analyst estimates of $212.42 million. As a group, equities research analysts anticipate that Stoneridge, Inc. will post -0.42 EPS for the current year.

Stoneridge Company Profile

Stoneridge, Inc, together with its subsidiaries, designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company operates through three segments: Control Devices, Electronics, and Stoneridge Brazil.