Superior Industries International (NYSE:SUP) Upgraded to “Buy” at StockNews.com

StockNews.com upgraded shares of Superior Industries International (NYSE:SUP) from a hold rating to a buy rating in a research report released on Saturday.

Superior Industries International Stock Down 5.6 %

SUP stock opened at $2.11 on Friday. The firm has a market cap of $60.84 million, a price-to-earnings ratio of -0.53 and a beta of 3.47. The company’s fifty day simple moving average is $1.99 and its 200 day simple moving average is $2.39. Superior Industries International has a 12-month low of $1.50 and a 12-month high of $4.57.

Institutional Investors Weigh In On Superior Industries International

Institutional investors and hedge funds have recently made changes to their positions in the business. Sandia Investment Management LP acquired a new position in Superior Industries International in the fourth quarter valued at approximately $153,000. Jane Street Group LLC bought a new stake in shares of Superior Industries International in the 4th quarter valued at $88,000. Nierenberg Investment Management Company Inc. lifted its position in shares of Superior Industries International by 15.5% during the 4th quarter. Nierenberg Investment Management Company Inc. now owns 128,793 shares of the auto parts company’s stock valued at $263,000 after acquiring an additional 17,238 shares during the period. Rangeley Capital LLC acquired a new position in shares of Superior Industries International during the 4th quarter valued at $204,000. Finally, Heron Bay Capital Management bought a new position in Superior Industries International during the fourth quarter worth $85,000. Institutional investors own 56.20% of the company’s stock.

Superior Industries International Company Profile

Superior Industries International, Inc, together with its subsidiaries, designs, manufactures, and sells aluminum wheels to the original equipment manufacturers and aftermarket distributors in North America and Europe. It offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names. The company was founded in 1957 and is headquartered in Southfield, Michigan.