GSA Capital Partners LLP lifted its stake in Superior Industries International Inc (NYSE:SUP) by 35.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 84,192 shares of the auto parts company’s stock after purchasing an additional 22,105 shares during the period. GSA Capital Partners LLP owned 0.34% of Superior Industries International worth $1,402,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of the company. Chartwell Investment Partners LLC raised its stake in shares of Superior Industries International by 82.3% in the 3rd quarter. Chartwell Investment Partners LLC now owns 710,295 shares of the auto parts company’s stock valued at $11,826,000 after purchasing an additional 320,623 shares during the period. Northern Trust Corp grew its holdings in shares of Superior Industries International by 18.5% in the 2nd quarter. Northern Trust Corp now owns 1,110,114 shares of the auto parts company’s stock valued at $22,813,000 after acquiring an additional 173,039 shares in the last quarter. Lyon Street Capital LLC bought a new position in shares of Superior Industries International in the 2nd quarter valued at about $2,921,000. Citadel Advisors LLC grew its holdings in shares of Superior Industries International by 90.0% in the 3rd quarter. Citadel Advisors LLC now owns 288,401 shares of the auto parts company’s stock valued at $4,802,000 after acquiring an additional 136,591 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its holdings in Superior Industries International by 103.1% during the second quarter. TIAA CREF Investment Management LLC now owns 166,816 shares of the auto parts company’s stock worth $3,428,000 after purchasing an additional 84,681 shares during the period. Institutional investors and hedge funds own 84.19% of the company’s stock.
Shares of Superior Industries International Inc (SUP) traded up $0.60 during midday trading on Thursday, hitting $16.70. 99,521 shares of the stock traded hands, compared to its average volume of 167,586. Superior Industries International Inc has a 52-week low of $13.95 and a 52-week high of $27.39. The firm has a market capitalization of $415.95, a price-to-earnings ratio of -83.50 and a beta of 0.79. The company has a quick ratio of 1.34, a current ratio of 2.36 and a debt-to-equity ratio of 1.39.
Superior Industries International (NYSE:SUP) last posted its earnings results on Thursday, November 9th. The auto parts company reported ($0.22) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.58). Superior Industries International had a return on equity of 7.96% and a net margin of 0.66%. The business had revenue of $331.40 million during the quarter, compared to analyst estimates of $316.20 million. During the same quarter in the prior year, the company earned $0.23 EPS. The company’s revenue was up 88.7% on a year-over-year basis. sell-side analysts forecast that Superior Industries International Inc will post 0.91 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 19th. Stockholders of record on Thursday, January 4th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 2.16%. The ex-dividend date is Wednesday, January 3rd. Superior Industries International’s dividend payout ratio is currently -180.00%.
In other Superior Industries International news, Director Michael Bruynesteyn acquired 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was bought at an average cost of $16.00 per share, with a total value of $32,000.00. Following the acquisition, the director now owns 7,946 shares in the company, valued at $127,136. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.50% of the stock is owned by corporate insiders.
A number of equities analysts recently commented on the company. Barrington Research initiated coverage on Superior Industries International in a report on Tuesday. They set an “outperform” rating and a $27.00 price target for the company. Zacks Investment Research downgraded shares of Superior Industries International from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 14th. Finally, B. Riley restated a “buy” rating and set a $25.00 price objective on shares of Superior Industries International in a research report on Monday, November 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $23.75.
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About Superior Industries International
Superior Industries International, Inc is engaged in the design and manufacture of aluminum wheels for sale to original equipment manufacturers (OEMs). The Company supplies cast aluminum wheels to automobile and light truck manufacturers, with wheel manufacturing operations in the United States and Mexico.
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