GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in Superior Industries International Inc (NYSE:SUP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 16,000 shares of the auto parts company’s stock, valued at approximately $55,000. GABELLI & Co INVESTMENT ADVISERS INC. owned 0.06% of Superior Industries International at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. South Dakota Investment Council boosted its holdings in shares of Superior Industries International by 100.9% in the first quarter. South Dakota Investment Council now owns 335,780 shares of the auto parts company’s stock valued at $1,598,000 after acquiring an additional 168,616 shares during the period. KBC Group NV acquired a new stake in shares of Superior Industries International in the second quarter valued at approximately $78,000. Bank of New York Mellon Corp boosted its holdings in shares of Superior Industries International by 39.0% in the fourth quarter. Bank of New York Mellon Corp now owns 530,149 shares of the auto parts company’s stock valued at $2,550,000 after acquiring an additional 148,659 shares during the period. Norges Bank acquired a new stake in shares of Superior Industries International in the fourth quarter valued at approximately $685,000. Finally, Municipal Employees Retirement System of Michigan acquired a new stake in shares of Superior Industries International in the fourth quarter valued at approximately $32,000. 75.32% of the stock is owned by institutional investors and hedge funds.
NYSE:SUP traded up $0.06 during trading hours on Monday, hitting $2.38. The company’s stock had a trading volume of 1,329 shares, compared to its average volume of 306,904. The business’s 50-day moving average is $2.89 and its two-hundred day moving average is $4.40. The company has a market capitalization of $61.31 million, a PE ratio of -47.40 and a beta of 1.96. The company has a debt-to-equity ratio of 1.66, a quick ratio of 1.15 and a current ratio of 1.90. Superior Industries International Inc has a 52-week low of $2.31 and a 52-week high of $22.85.
Superior Industries International (NYSE:SUP) last released its quarterly earnings data on Thursday, August 8th. The auto parts company reported ($0.06) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.07) by $0.01. Superior Industries International had a negative return on equity of 0.23% and a net margin of 1.15%. The firm had revenue of $325.50 million during the quarter, compared to analysts’ expectations of $361.86 million. During the same quarter in the prior year, the business posted $0.25 earnings per share. Superior Industries International’s revenue was down 16.3% compared to the same quarter last year. As a group, analysts predict that Superior Industries International Inc will post -0.53 EPS for the current fiscal year.
SUP has been the subject of several research analyst reports. Barrington Research reissued an “outperform” rating and issued a $7.00 price objective (down from $15.00) on shares of Superior Industries International in a report on Monday, August 12th. B. Riley set a $9.00 price objective on Superior Industries International and gave the company a “buy” rating in a report on Friday, August 9th. ValuEngine raised Superior Industries International from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. TheStreet downgraded Superior Industries International from a “c-” rating to a “d+” rating in a report on Tuesday, May 21st. Finally, Zacks Investment Research downgraded Superior Industries International from a “hold” rating to a “sell” rating and set a $3.00 price objective for the company. in a report on Tuesday, August 13th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $7.40.
In other news, Director Richard J. Giromini purchased 20,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was acquired at an average price of $4.37 per share, for a total transaction of $87,400.00. Following the completion of the transaction, the director now directly owns 42,500 shares in the company, valued at approximately $185,725. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Ellen B. Richstone purchased 18,000 shares of the company’s stock in a transaction dated Monday, August 12th. The stock was purchased at an average price of $2.85 per share, with a total value of $51,300.00. Following the transaction, the director now owns 39,132 shares of the company’s stock, valued at $111,526.20. The disclosure for this purchase can be found here. Company insiders own 1.80% of the company’s stock.
Superior Industries International Company Profile
Superior Industries International, Inc designs, manufactures, and sells aluminum wheels to the original equipment manufacturers in North America and Europe. It supplies cast aluminum wheels to the automobile and light truck manufacturers. The company offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names.
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