GSA Capital Partners LLP Has $740,000 Holdings in Stoneridge, Inc. (NYSE:SRI)

GSA Capital Partners LLP decreased its holdings in Stoneridge, Inc. (NYSE:SRI) by 3.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 66,111 shares of the auto parts company’s stock after selling 2,089 shares during the period. GSA Capital Partners LLP’s holdings in Stoneridge were worth $740,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. US Bancorp DE bought a new position in shares of Stoneridge during the third quarter worth approximately $46,000. nVerses Capital LLC acquired a new stake in Stoneridge during the third quarter worth approximately $59,000. Olympiad Research LP bought a new position in Stoneridge during the 3rd quarter worth $121,000. XTX Topco Ltd acquired a new position in Stoneridge in the 2nd quarter valued at $176,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of 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 valued at $181,000 after acquiring an additional 1,226 shares during the period. Institutional investors own 98.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on SRI. StockNews.com upgraded Stoneridge from a “hold” rating to a “buy” rating in a research report on Tuesday, November 12th. Barrington Research reissued an “outperform” rating and issued a $16.00 target price on shares of Stoneridge in a report on Thursday, October 31st.

Stoneridge Price Performance

NYSE SRI opened at $6.60 on Monday. The business has a fifty day moving average price of $9.81 and a two-hundred day moving average price of $13.46. The stock has a market capitalization of $182.75 million, a PE ratio of -24.44 and a beta of 1.36. Stoneridge, Inc. has a fifty-two week low of $6.49 and a fifty-two week high of $19.91. 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 (NYSE:SRI) last announced its quarterly earnings data on Wednesday, October 30th. The auto parts company reported ($0.24) earnings per share for the quarter, missing the consensus estimate of $0.08 by ($0.32). Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%. The business had revenue of $213.80 million for the quarter, compared to the consensus estimate of $229.60 million. During the same quarter in the prior year, the company earned $0.10 earnings per share. Stoneridge’s quarterly revenue was down 10.2% compared to the same quarter last year. Equities analysts expect that Stoneridge, Inc. will post -0.38 earnings per share for the current fiscal 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.