StockNews.com began coverage on shares of Superior Industries International (NYSE:SUP – Get Rating) in a research report issued on Monday. The firm set a “buy” rating on the auto parts company’s stock.
Superior Industries International Stock Performance
Shares of NYSE:SUP opened at $4.26 on Monday. The company’s fifty day moving average is $4.07 and its two-hundred day moving average is $4.12. Superior Industries International has a 1-year low of $3.11 and a 1-year high of $9.04. The stock has a market capitalization of $114.39 million, a price-to-earnings ratio of -3.25 and a beta of 4.07.
Superior Industries International (NYSE:SUP – Get Rating) last issued its earnings results on Wednesday, May 4th. The auto parts company reported $0.08 earnings per share (EPS) for the quarter. The firm had revenue of $400.50 million for the quarter, compared to analysts’ expectations of $386.86 million. Superior Industries International had a net margin of 0.05% and a negative return on equity of 8.01%.
Insider Buying and Selling at Superior Industries International
In other news, SVP Andreas Meyer sold 20,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 10th. The stock was sold at an average price of $3.68, for a total transaction of $73,600.00. Following the completion of the transaction, the senior vice president now directly owns 21,024 shares in the company, valued at $77,368.32. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Superior Industries International news, SVP Andreas Meyer sold 20,000 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The shares were sold at an average price of $3.68, for a total transaction of $73,600.00. Following the transaction, the senior vice president now owns 21,024 shares of the company’s stock, valued at approximately $77,368.32. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder Mill Road Capital Iii, L.P. acquired 9,657 shares of the company’s stock in a transaction dated Tuesday, May 24th. The stock was purchased at an average cost of $3.80 per share, for a total transaction of $36,696.60. Following the purchase, the insider now directly owns 3,583,673 shares in the company, valued at approximately $13,617,957.40. The disclosure for this purchase can be found here. Over the last 90 days, insiders have bought 359,063 shares of company stock worth $1,757,367. 6.50% of the stock is owned by company insiders.
Hedge Funds Weigh In On Superior Industries International
Institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp increased its position in Superior Industries International by 3.6% during the first quarter. State Street Corp now owns 108,182 shares of the auto parts company’s stock worth $504,000 after buying an additional 3,723 shares during the last quarter. Mairs & Power Inc. acquired a new stake in shares of Superior Industries International during the 1st quarter worth approximately $58,000. Atria Wealth Solutions Inc. bought a new stake in Superior Industries International in the 1st quarter valued at $52,000. UBS Group AG increased its stake in Superior Industries International by 55.4% in the first quarter. UBS Group AG now owns 49,535 shares of the auto parts company’s stock valued at $230,000 after acquiring an additional 17,657 shares during the period. Finally, First Eagle Investment Management LLC raised its holdings in shares of Superior Industries International by 77.4% in the 1st quarter. First Eagle Investment Management LLC now owns 235,926 shares of the auto parts company’s stock worth $1,099,000 after buying an additional 102,931 shares in the last quarter. Hedge funds and other institutional investors own 76.76% 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 and aftermarket distributors in North America and Europe. The company supplies aluminum wheels to the automobile and light truck manufacturers. It offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names.
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