Quest Partners LLC Has $171,000 Holdings in Stoneridge, Inc. (NYSE:SRI)

Quest Partners LLC grew its holdings in Stoneridge, Inc. (NYSE:SRI) by 95,350.0% during the third quarter, Holdings Channel.com reports. The firm owned 15,272 shares of the auto parts company’s stock after acquiring an additional 15,256 shares during the quarter. Quest Partners LLC’s holdings in Stoneridge were worth $171,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. US Bancorp DE acquired a new stake in shares of Stoneridge in the third quarter valued at approximately $46,000. nVerses Capital LLC bought a new position in shares of Stoneridge in the third quarter valued at $59,000. Olympiad Research LP bought a new position in shares of Stoneridge in the third quarter valued at $121,000. XTX Topco Ltd bought a new position in shares of Stoneridge in the second quarter valued at $176,000. Finally, The Manufacturers Life Insurance Company grew its stake in shares of Stoneridge by 12.1% in the second quarter. The Manufacturers Life Insurance Company now owns 11,336 shares of the auto parts company’s stock valued at $181,000 after buying an additional 1,226 shares in the last quarter. 98.07% of the stock is currently owned by institutional investors and hedge funds.

Stoneridge Trading Up 1.9 %

SRI stock opened at $6.86 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.44 and a quick ratio of 1.40. The company has a fifty day moving average price of $8.89 and a two-hundred day moving average price of $12.95. Stoneridge, Inc. has a one year low of $5.89 and a one year high of $19.91. The stock has a market cap of $189.95 million, a price-to-earnings ratio of -25.41 and a beta of 1.36.

Stoneridge (NYSE:SRI) last released its quarterly earnings data on Wednesday, October 30th. The auto parts company reported ($0.24) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.32). Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%. The company had revenue of $213.80 million for the quarter, compared to the consensus estimate of $229.60 million. During the same period last year, the firm earned $0.10 earnings per share. The company’s revenue for the quarter was down 10.2% compared to the same quarter last year. Equities analysts anticipate that Stoneridge, Inc. will post -0.38 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on SRI shares. StockNews.com cut shares of Stoneridge from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Barrington Research reissued an “outperform” rating and issued a $16.00 target price on shares of Stoneridge in a research note on Thursday, October 31st.

About Stoneridge

Stoneridge, Inc, together with its subsidiaries, designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company operates through three segments: Control Devices, Electronics, and Stoneridge Brazil.