GSA Capital Partners LLP Reduces Stock Position in Stoneridge, Inc. $SRI

GSA Capital Partners LLP lessened its stake in Stoneridge, Inc. (NYSE:SRI) by 17.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 298,188 shares of the auto parts company’s stock after selling 64,808 shares during the period. GSA Capital Partners LLP owned approximately 1.06% of Stoneridge worth $2,272,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Stoneridge by 3.5% during the 3rd quarter. Vanguard Group Inc. now owns 1,514,480 shares of the auto parts company’s stock valued at $11,540,000 after buying an additional 51,263 shares in the last quarter. AlphaQuest LLC purchased a new position in Stoneridge during the 3rd quarter valued at approximately $193,000. State of Wyoming bought a new stake in Stoneridge in the second quarter worth $180,000. Tower Research Capital LLC TRC raised its position in shares of Stoneridge by 211.0% during the 2nd quarter. Tower Research Capital LLC TRC now owns 13,485 shares of the auto parts company’s stock valued at $95,000 after buying an additional 9,149 shares in the last quarter. Finally, Man Group plc lifted its stake in shares of Stoneridge by 170.1% in the 2nd quarter. Man Group plc now owns 242,253 shares of the auto parts company’s stock valued at $1,705,000 after purchasing an additional 152,547 shares during the last quarter. Institutional investors own 98.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on SRI shares. Barrington Research reiterated an “outperform” rating and issued a $16.00 price target on shares of Stoneridge in a report on Monday, November 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Stoneridge in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $16.00.

Stoneridge Price Performance

Stoneridge stock opened at $8.85 on Tuesday. The stock has a market capitalization of $247.86 million, a P/E ratio of -7.63 and a beta of 1.51. The company’s fifty day moving average price is $6.56 and its 200 day moving average price is $6.97. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.33 and a current ratio of 2.13. Stoneridge, Inc. has a 1 year low of $3.54 and a 1 year high of $9.71.

About Stoneridge

Stoneridge, Inc (NYSE: SRI) is a global developer and manufacturer of highly engineered electrical and electronic components for the automotive and commercial vehicle markets. The company’s product offerings span a range of safety, convenience and control systems, delivering tailored solutions that help original equipment manufacturers (OEMs) meet increasingly stringent regulatory and performance requirements.

Among Stoneridge’s core products are rearview and side-view mirror systems, camera-based advanced driver assistance systems (ADAS) and interior and exterior lighting solutions.