Quest Partners LLC Purchases 15,256 Shares of Stoneridge, Inc. (NYSE:SRI)

Quest Partners LLC increased its position in shares of Stoneridge, Inc. (NYSE:SRI) by 95,350.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 15,272 shares of the auto parts company’s stock after acquiring an additional 15,256 shares during the quarter. Quest Partners LLC owned about 0.06% of Stoneridge worth $171,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. Thrivent Financial for Lutherans boosted its stake in Stoneridge by 0.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 3,035,643 shares of the auto parts company’s stock worth $33,969,000 after acquiring an additional 24,548 shares during the last quarter. Royce & Associates LP boosted its stake in Stoneridge by 12.3% during the 3rd quarter. Royce & Associates LP now owns 1,357,043 shares of the auto parts company’s stock worth $15,185,000 after acquiring an additional 148,461 shares during the last quarter. Olympiad Research LP bought a new position in Stoneridge during the 3rd quarter worth approximately $121,000. US Bancorp DE bought a new position in Stoneridge during the 3rd quarter worth approximately $46,000. Finally, nVerses Capital LLC bought a new position in Stoneridge during the 3rd quarter worth approximately $59,000. Institutional investors own 98.07% of the company’s stock.

Stoneridge Stock Performance

Shares of SRI stock opened at $6.86 on Thursday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.40 and a current ratio of 2.44. The company has a market capitalization of $189.95 million, a P/E ratio of -25.41 and a beta of 1.36. The company’s 50 day moving average price is $8.89 and its two-hundred day moving average price is $12.95. Stoneridge, Inc. has a 52 week low of $5.89 and a 52 week high of $19.91.

Stoneridge (NYSE:SRI) last announced its earnings results on Wednesday, October 30th. The auto parts company reported ($0.24) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.32). The company had revenue of $213.80 million for the quarter, compared to analyst estimates of $229.60 million. Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%. The business’s quarterly revenue was down 10.2% on a year-over-year basis. During the same quarter last year, the business posted $0.10 earnings per share. On average, analysts expect that Stoneridge, Inc. will post -0.38 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on SRI shares. StockNews.com downgraded shares of Stoneridge from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Barrington Research restated an “outperform” rating and set a $16.00 target price on shares of Stoneridge in a report on Thursday, October 31st.

Stoneridge 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.