StockNews.com cut shares of Superior Industries International (NYSE:SUP - Free Report) from a buy rating to a hold rating in a report published on Monday morning.
Superior Industries International Trading Up 9.1 %
NYSE SUP traded up $0.20 during trading hours on Monday, reaching $2.40. The company's stock had a trading volume of 186,647 shares, compared to its average volume of 85,408. Superior Industries International has a 52 week low of $1.50 and a 52 week high of $4.16. The stock has a market cap of $71.44 million, a PE ratio of -0.61 and a beta of 3.14. The business has a 50-day simple moving average of $2.06 and a 200 day simple moving average of $2.29.
Institutional Trading of Superior Industries International
A number of hedge funds and other institutional investors have recently modified their holdings of SUP. Nierenberg Investment Management Company Inc. raised 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 worth $263,000 after purchasing an additional 17,238 shares during the period. Heron Bay Capital Management acquired a new stake in shares of Superior Industries International in the fourth quarter worth $85,000. Jane Street Group LLC purchased a new position in shares of Superior Industries International during the fourth quarter valued at $88,000. Proficio Capital Partners LLC acquired a new stake in Superior Industries International during the 4th quarter worth about $153,000. Finally, Sandia Investment Management LP purchased a new position in Superior Industries International during the 4th quarter valued at about $153,000. Institutional investors own 56.20% of the company's stock.
Superior Industries International Company Profile
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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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