SG Americas Securities LLC Makes New Investment in Stoneridge, Inc. (NYSE:SRI)

SG Americas Securities LLC bought a new position in Stoneridge, Inc. (NYSE:SRI) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 11,824 shares of the auto parts company’s stock, valued at approximately $74,000.

A number of other hedge funds have also bought and sold shares of the business. Royce & Associates LP increased its position in shares of Stoneridge by 12.3% during the 3rd quarter. Royce & Associates LP now owns 1,357,043 shares of the auto parts company’s stock valued at $15,185,000 after purchasing an additional 148,461 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Stoneridge in the 3rd quarter worth approximately $797,000. Jane Street Group LLC boosted its stake in Stoneridge by 218.3% in the 3rd quarter. Jane Street Group LLC now owns 69,734 shares of the auto parts company’s stock worth $780,000 after purchasing an additional 47,829 shares during the period. Walleye Capital LLC bought a new position in Stoneridge in the 3rd quarter worth approximately $483,000. Finally, JPMorgan Chase & Co. boosted its stake in Stoneridge by 296.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 56,696 shares of the auto parts company’s stock worth $634,000 after purchasing an additional 42,379 shares during the period. Hedge funds and other institutional investors own 98.07% of the company’s stock.

Stoneridge Stock Down 0.1 %

NYSE SRI opened at $4.17 on Friday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.40 and a current ratio of 2.44. The company has a market capitalization of $115.32 million, a P/E ratio of -15.43 and a beta of 1.34. Stoneridge, Inc. has a one year low of $4.12 and a one year high of $18.85. The stock has a 50 day moving average price of $5.69 and a 200-day moving average price of $9.05.

Analysts Set New Price Targets

Several research analysts have weighed in on SRI shares. Barrington Research restated an “outperform” rating and issued a $16.00 price target on shares of Stoneridge in a research note on Thursday, October 31st. StockNews.com downgraded Stoneridge from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th.

About Stoneridge

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.