Superior Industries International Inc (SUP) Shares Sold by Teton Advisors Inc.

Teton Advisors Inc. reduced its holdings in shares of Superior Industries International Inc (NYSE:SUP) by 2.8% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 454,100 shares of the auto parts company’s stock after selling 13,000 shares during the quarter. Teton Advisors Inc.’s holdings in Superior Industries International were worth $7,742,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. BlackRock Inc. lifted its holdings in shares of Superior Industries International by 6.6% during the second quarter. BlackRock Inc. now owns 3,374,743 shares of the auto parts company’s stock valued at $60,407,000 after purchasing an additional 208,506 shares in the last quarter. OppenheimerFunds Inc. lifted its holdings in shares of Superior Industries International by 27.0% during the second quarter. OppenheimerFunds Inc. now owns 43,262 shares of the auto parts company’s stock valued at $774,000 after purchasing an additional 9,201 shares in the last quarter. Legal & General Group Plc lifted its holdings in shares of Superior Industries International by 6.7% during the second quarter. Legal & General Group Plc now owns 46,437 shares of the auto parts company’s stock valued at $837,000 after purchasing an additional 2,929 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Superior Industries International by 2.4% during the first quarter. Principal Financial Group Inc. now owns 177,544 shares of the auto parts company’s stock valued at $2,361,000 after purchasing an additional 4,212 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in shares of Superior Industries International by 22.2% during the second quarter. Millennium Management LLC now owns 373,339 shares of the auto parts company’s stock valued at $6,683,000 after purchasing an additional 67,943 shares in the last quarter. 84.53% of the stock is currently owned by hedge funds and other institutional investors.

SUP stock traded down $0.07 during trading on Monday, reaching $9.74. The stock had a trading volume of 1,093 shares, compared to its average volume of 252,246. Superior Industries International Inc has a 52 week low of $9.32 and a 52 week high of $22.95. The company has a debt-to-equity ratio of 1.59, a quick ratio of 1.31 and a current ratio of 2.33. The company has a market cap of $245.44 million, a price-to-earnings ratio of 8.81 and a beta of 1.83.

Superior Industries International (NYSE:SUP) last posted its earnings results on Wednesday, August 8th. The auto parts company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.11. Superior Industries International had a return on equity of 10.77% and a net margin of 1.12%. The company had revenue of $389.00 million for the quarter, compared to the consensus estimate of $381.14 million. During the same quarter in the prior year, the company earned ($0.41) earnings per share. Superior Industries International’s revenue was up 61.7% on a year-over-year basis. Equities analysts predict that Superior Industries International Inc will post 0.1 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 19th. Shareholders of record on Friday, October 5th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 3.70%. The ex-dividend date was Thursday, October 4th. Superior Industries International’s dividend payout ratio is 32.73%.

A number of research analysts have recently issued reports on SUP shares. ValuEngine downgraded Superior Industries International from a “hold” rating to a “sell” rating in a report on Monday, October 8th. Zacks Investment Research raised Superior Industries International from a “sell” rating to a “hold” rating in a report on Monday, July 30th. Buckingham Research lowered their price target on Superior Industries International from $24.00 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, October 3rd. Barrington Research set a $15.00 price target on Superior Industries International and gave the company a “buy” rating in a report on Thursday, October 25th. Finally, B. Riley lowered their target price on Superior Industries International from $33.00 to $28.00 and set a “buy” rating on the stock in a report on Thursday, October 25th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $20.25.

Superior Industries International Company Profile

Superior Industries International, Inc designs, manufactures, and sells aluminum wheels to the original equipment manufacturers in North America. It supplies cast aluminum wheels to the automobile and light truck manufacturers. The company was founded in 1957 and is headquartered in Southfield, Michigan.

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Institutional Ownership by Quarter for Superior Industries International (NYSE:SUP)

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