EVR Research LP Purchases 145,000 Shares of Stoneridge, Inc. (NYSE:SRI)

EVR Research LP grew its holdings in Stoneridge, Inc. (NYSE:SRI - Free Report) by 36.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 545,000 shares of the auto parts company's stock after purchasing an additional 145,000 shares during the period. Stoneridge comprises approximately 2.6% of EVR Research LP's investment portfolio, making the stock its 14th biggest holding. EVR Research LP owned approximately 1.97% of Stoneridge worth $8,698,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its stake in shares of Stoneridge by 28.0% in the first 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 in the last quarter. Rhumbline Advisers grew its position in shares of Stoneridge by 7.6% in the 2nd quarter. Rhumbline Advisers now owns 47,251 shares of the auto parts company's stock valued at $754,000 after acquiring an additional 3,353 shares during the period. Hsbc Holdings PLC increased its stake in shares of Stoneridge by 51.4% during the 2nd quarter. Hsbc Holdings PLC now owns 23,575 shares of the auto parts company's stock worth $372,000 after purchasing an additional 8,007 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Stoneridge in the 2nd quarter valued at about $176,000. Finally, State Board of Administration of Florida Retirement System acquired a new stake in Stoneridge in the 1st quarter valued at about $238,000. Institutional investors and hedge funds own 98.07% of the company's stock.

Stoneridge Stock Performance

SRI traded up $0.39 on Thursday, reaching $11.41. The company had a trading volume of 275,918 shares, compared to its average volume of 136,596. The stock has a market cap of $315.73 million, a P/E ratio of -81.50 and a beta of 1.32. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.31 and a current ratio of 2.27. Stoneridge, Inc. has a fifty-two week low of $10.99 and a fifty-two week high of $20.26. The company's fifty day moving average is $14.03 and its 200 day moving average is $15.41.

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

Analysts Set New Price Targets

A number of research firms have recently issued reports on SRI. StockNews.com raised Stoneridge from a "hold" rating to a "buy" rating in a research report on Wednesday, August 14th. Stephens started coverage on shares of Stoneridge in a research report on Monday, July 8th. They set an "overweight" rating for the company.

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.