Jane Street Group LLC Raises Stock Position in Stoneridge, Inc. (NYSE:SRI)

Jane Street Group LLC increased its holdings in shares of Stoneridge, Inc. (NYSE:SRI) by 218.3% in the third quarter, Holdings Channel reports. The firm owned 69,734 shares of the auto parts company’s stock after acquiring an additional 47,829 shares during the period. Jane Street Group LLC’s holdings in Stoneridge were worth $780,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in SRI. Thrivent Financial for Lutherans lifted its stake in shares of Stoneridge by 0.8% during the third quarter. Thrivent Financial for Lutherans now owns 3,035,643 shares of the auto parts company’s stock worth $33,969,000 after purchasing an additional 24,548 shares in the last quarter. Royce & Associates LP lifted its position 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 in the last quarter. State Street Corp lifted its position in Stoneridge by 1.9% during the 3rd quarter. State Street Corp now owns 628,981 shares of the auto parts company’s stock worth $7,038,000 after acquiring an additional 11,929 shares in the last quarter. EVR Research LP boosted its holdings in Stoneridge by 36.3% in the 2nd quarter. EVR Research LP now owns 545,000 shares of the auto parts company’s stock worth $8,698,000 after acquiring an additional 145,000 shares during the period. Finally, AYAL Capital Advisors Ltd grew its position in Stoneridge by 3.4% in the second quarter. AYAL Capital Advisors Ltd now owns 390,393 shares of the auto parts company’s stock valued at $6,231,000 after acquiring an additional 12,900 shares in the last quarter. 98.07% of the stock is currently owned by institutional investors and hedge funds.

Stoneridge Price Performance

SRI stock opened at $5.86 on Friday. The stock’s 50 day moving average is $6.81 and its two-hundred day moving average is $11.23. Stoneridge, Inc. has a 52-week low of $5.52 and a 52-week high of $19.34. The company has a market capitalization of $162.25 million, a PE ratio of -21.70 and a beta of 1.34. The company has a quick ratio of 1.40, a current ratio of 2.44 and a debt-to-equity ratio of 0.72.

Stoneridge (NYSE:SRI) last issued its quarterly earnings results on Wednesday, October 30th. The auto parts company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $213.80 million during the quarter, compared to the consensus estimate of $229.60 million. During the same quarter last year, the firm posted $0.10 EPS. The firm’s quarterly revenue was down 10.2% on a year-over-year basis. Analysts predict that Stoneridge, Inc. will post -0.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

SRI has been the topic of a number of recent research reports. StockNews.com cut shares of Stoneridge from a “buy” rating to a “hold” rating in a research report on Wednesday, November 20th. Barrington Research reiterated an “outperform” rating and issued a $16.00 price objective on shares of Stoneridge in a report on Thursday, October 31st.

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.