StockNews.com upgraded shares of Superior Industries International (NYSE:SUP – Free Report) from a hold rating to a buy rating in a report released on Thursday morning.
Superior Industries International Stock Up 21.0 %
Shares of NYSE:SUP opened at $2.02 on Thursday. The business’s 50 day moving average is $1.98 and its 200 day moving average is $2.48. Superior Industries International has a 12-month low of $1.50 and a 12-month high of $4.57. The stock has a market cap of $58.35 million, a price-to-earnings ratio of -0.51 and a beta of 3.38.
Institutional Trading of Superior Industries International
Institutional investors have recently made changes to their positions in the company. Corsair Capital Management L.P. purchased a new position in Superior Industries International during the third quarter worth about $72,000. Proficio Capital Partners LLC bought a new position in shares of Superior Industries International during the 4th quarter worth approximately $153,000. Heron Bay Capital Management purchased a new position in shares of Superior Industries International in the 4th quarter worth approximately $85,000. Rangeley Capital LLC bought a new position in shares of Superior Industries International in the fourth quarter valued at approximately $204,000. Finally, Nierenberg Investment Management Company Inc. increased its position in shares of Superior Industries International by 15.5% during the fourth quarter. Nierenberg Investment Management Company Inc. now owns 128,793 shares of the auto parts company’s stock valued at $263,000 after acquiring an additional 17,238 shares during the last quarter. Institutional investors own 56.20% of the company’s stock.
About Superior Industries International
Superior Industries International, Inc, together with its subsidiaries, designs, manufactures, and sells aluminum wheels to the original equipment manufacturers and aftermarket distributors in North America and Europe. It offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names. The company was founded in 1957 and is headquartered in Southfield, Michigan.
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