GSA Capital Partners LLP Cuts Stock Position in Stoneridge, Inc. $SRI

GSA Capital Partners LLP lowered its holdings in Stoneridge, Inc. (NYSE:SRI) by 17.9% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 298,188 shares of the auto parts company’s stock after selling 64,808 shares during the quarter. GSA Capital Partners LLP’s holdings in Stoneridge were worth $2,272,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strs Ohio purchased a new position in shares of Stoneridge during the first quarter worth about $39,000. Catalyst Funds Management Pty Ltd acquired a new stake in shares of Stoneridge during the 2nd quarter valued at approximately $70,000. R Squared Ltd purchased a new stake in Stoneridge during the second quarter worth $80,000. Savant Capital LLC acquired a new stake in Stoneridge in the 2nd quarter valued at about $87,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Stoneridge by 211.0% in the second quarter. Tower Research Capital LLC TRC now owns 13,485 shares of the auto parts company’s stock valued at $95,000 after purchasing an additional 9,149 shares during the last quarter. 98.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Barrington Research reissued an “outperform” rating and issued a $16.00 price objective on shares of Stoneridge in a research report on Monday, November 3rd. Weiss Ratings restated a “sell (d-)” rating on shares of Stoneridge in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $16.00.

Stoneridge Stock Up 3.1%

SRI stock opened at $8.85 on Tuesday. The firm’s 50-day simple moving average is $6.56 and its 200 day simple moving average is $6.97. The stock has a market cap of $247.86 million, a PE ratio of -7.63 and a beta of 1.51. The company has a quick ratio of 1.33, a current ratio of 2.13 and a debt-to-equity ratio of 0.68. Stoneridge, Inc. has a fifty-two week low of $3.54 and a fifty-two week high of $9.71.

Stoneridge Profile

Stoneridge, Inc (NYSE: SRI) is a global developer and manufacturer of highly engineered electrical and electronic components for the automotive and commercial vehicle markets. The company’s product offerings span a range of safety, convenience and control systems, delivering tailored solutions that help original equipment manufacturers (OEMs) meet increasingly stringent regulatory and performance requirements.

Among Stoneridge’s core products are rearview and side-view mirror systems, camera-based advanced driver assistance systems (ADAS) and interior and exterior lighting solutions.