Virtu Financial LLC Takes $146,000 Position in Stoneridge, Inc. (NYSE:SRI)

Virtu Financial LLC acquired a new position in Stoneridge, Inc. (NYSE:SRI) in the third quarter, Holdings Channel reports. The fund acquired 13,018 shares of the auto parts company’s stock, valued at approximately $146,000.

A number of other hedge funds also recently bought and sold shares of the stock. Quarry LP bought a new stake in shares of Stoneridge in the 3rd quarter valued at about $44,000. US Bancorp DE purchased a new stake in Stoneridge during the third quarter valued at approximately $46,000. nVerses Capital LLC acquired a new stake in Stoneridge in the third quarter valued at approximately $59,000. Olympiad Research LP acquired a new stake in shares of Stoneridge in the 3rd quarter worth $121,000. Finally, XTX Topco Ltd purchased a new position in Stoneridge during the 2nd quarter worth $176,000. Hedge funds and other institutional investors own 98.07% of the company’s stock.

Stoneridge Price Performance

Shares of SRI opened at $5.75 on Friday. The firm has a market capitalization of $159.21 million, a PE ratio of -21.30 and a beta of 1.34. 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 company’s fifty day moving average price is $7.52 and its 200-day moving average price is $11.89. Stoneridge, Inc. has a 1-year low of $5.52 and a 1-year high of $19.91.

Stoneridge (NYSE:SRI) last posted its quarterly earnings results on Wednesday, October 30th. The auto parts company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.32). Stoneridge had a negative net margin of 0.81% and a negative return on equity of 0.42%. The firm had revenue of $213.80 million for the quarter, compared to analysts’ expectations of $229.60 million. During the same quarter in the previous year, the firm posted $0.10 EPS. The firm’s revenue for the quarter was down 10.2% compared to the same quarter last year. On average, equities research analysts predict that Stoneridge, Inc. will post -0.42 EPS for the current year.

Analysts Set New Price Targets

SRI has been the subject of several recent analyst reports. StockNews.com downgraded Stoneridge from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Barrington Research reaffirmed an “outperform” rating and issued a $16.00 price objective on shares of Stoneridge in a research report on Thursday, October 31st.

Stoneridge 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.