nVerses Capital LLC Buys New Holdings in Stoneridge, Inc. (NYSE:SRI)

nVerses Capital LLC purchased a new position in shares of Stoneridge, Inc. (NYSE:SRI) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 5,300 shares of the auto parts company’s stock, valued at approximately $59,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. XTX Topco Ltd purchased a new position in shares of Stoneridge during the second quarter worth $176,000. The Manufacturers Life Insurance Company grew its position in Stoneridge by 12.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 11,336 shares of the auto parts company’s stock worth $181,000 after purchasing an additional 1,226 shares during the period. State Board of Administration of Florida Retirement System purchased a new position in shares of Stoneridge during the 1st quarter valued at about $238,000. BNP Paribas Financial Markets lifted its holdings in shares of Stoneridge by 28.0% in the 1st quarter. BNP Paribas Financial Markets now owns 13,068 shares of the auto parts company’s stock valued at $241,000 after buying an additional 2,861 shares during the period. Finally, AQR Capital Management LLC purchased a new stake in shares of Stoneridge in the second quarter worth about $252,000. 98.07% of the stock is currently owned by institutional investors and hedge funds.

Stoneridge Trading Down 2.2 %

SRI stock opened at $9.62 on Tuesday. Stoneridge, Inc. has a 52-week low of $9.48 and a 52-week high of $19.91. The company has a quick ratio of 1.31, a current ratio of 2.27 and a debt-to-equity ratio of 0.69. The firm has a market cap of $266.28 million, a P/E ratio of 137.43 and a beta of 1.31. The company’s 50-day simple moving average is $12.05 and its 200-day simple moving average is $14.52.

Stoneridge (NYSE:SRI) last issued its quarterly earnings results on Wednesday, July 31st. The auto parts company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.19. The company had revenue of $237.10 million for the quarter, compared to the consensus estimate of $242.90 million. Stoneridge had a return on equity of 3.03% and a net margin of 0.19%. Stoneridge’s revenue for the quarter was down 11.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.05) earnings per share. As a group, equities analysts forecast that Stoneridge, Inc. will post 0.13 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on SRI shares. Stephens initiated coverage on Stoneridge in a research report on Monday, July 8th. They set an “overweight” rating for the company. StockNews.com upgraded shares of Stoneridge from a “hold” rating to a “buy” rating in a research note on Wednesday, August 14th.

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.