Trexquant Investment LP Grows Holdings in Stoneridge, Inc. (NYSE:SRI)

Trexquant Investment LP grew its stake in Stoneridge, Inc. (NYSE:SRI - Free Report) by 383.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 224,193 shares of the auto parts company's stock after acquiring an additional 177,814 shares during the quarter. Trexquant Investment LP owned 0.81% of Stoneridge worth $1,406,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of SRI. Geode Capital Management LLC grew its position in Stoneridge by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 619,028 shares of the auto parts company's stock valued at $3,882,000 after purchasing an additional 2,543 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of Stoneridge in the fourth quarter worth approximately $414,000. JPMorgan Chase & Co. grew its holdings in shares of Stoneridge by 380.6% during the fourth quarter. JPMorgan Chase & Co. now owns 272,460 shares of the auto parts company's stock valued at $1,708,000 after buying an additional 215,764 shares during the last quarter. Sei Investments Co. bought a new stake in shares of Stoneridge during the fourth quarter valued at approximately $186,000. Finally, American Century Companies Inc. raised its holdings in Stoneridge by 5.8% in the 4th quarter. American Century Companies Inc. now owns 320,487 shares of the auto parts company's stock worth $2,009,000 after acquiring an additional 17,446 shares during the last quarter. 98.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the company. Barrington Research reissued an "outperform" rating and issued a $16.00 target price on shares of Stoneridge in a report on Tuesday, March 4th. StockNews.com upgraded Stoneridge from a "hold" rating to a "buy" rating in a report on Saturday, March 29th.

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Stoneridge Stock Performance

Stoneridge stock traded down $0.07 during midday trading on Tuesday, reaching $3.77. 12,814 shares of the company traded hands, compared to its average volume of 262,671. The business has a 50 day moving average of $4.66 and a two-hundred day moving average of $6.24. The firm has a market capitalization of $104.98 million, a price-to-earnings ratio of -13.96 and a beta of 1.26. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.44 and a quick ratio of 1.40. Stoneridge, Inc. has a 12 month low of $3.54 and a 12 month high of $18.40.

Stoneridge (NYSE:SRI - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The auto parts company reported ($0.18) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.18 by ($0.36). The firm had revenue of $218.20 million for the quarter, compared to the consensus estimate of $207.61 million. Stoneridge had a negative net margin of 0.81% and a negative return on equity of 0.42%. As a group, research analysts predict that Stoneridge, Inc. will post -0.42 earnings per share for the current year.

Stoneridge Company 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.