UBS Group AG boosted its stake in shares of Superior Industries International Inc (NYSE:SUP) by 53.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,543 shares of the auto parts company’s stock after acquiring an additional 12,773 shares during the quarter. UBS Group AG owned 0.15% of Superior Industries International worth $43,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the business. Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Superior Industries International by 15.5% during the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 106,238 shares of the auto parts company’s stock worth $392,000 after buying an additional 14,253 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Superior Industries International during the 4th quarter worth approximately $1,236,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Superior Industries International by 11.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 963,923 shares of the auto parts company’s stock worth $3,557,000 after purchasing an additional 100,324 shares during the last quarter. Hedge funds and other institutional investors own 43.07% of the company’s stock.
Several research firms recently issued reports on SUP. Barrington Research restated a “buy” rating on shares of Superior Industries International in a research note on Monday, May 4th. B. Riley cut Superior Industries International from a “buy” rating to a “neutral” rating and lowered their price target for the stock from $5.00 to $1.00 in a report on Thursday, March 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $4.31.
Shares of NYSE:SUP opened at $1.74 on Wednesday. The business’s 50 day simple moving average is $1.52 and its two-hundred day simple moving average is $2.22. The firm has a market cap of $44.53 million, a P/E ratio of -0.14 and a beta of 2.24. The company has a debt-to-equity ratio of 2.37, a quick ratio of 1.40 and a current ratio of 2.01. Superior Industries International Inc has a 52-week low of $0.90 and a 52-week high of $4.45.
Superior Industries International (NYSE:SUP) last announced its quarterly earnings results on Friday, May 8th. The auto parts company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.17) by ($0.08). The firm had revenue of $301.10 million during the quarter, compared to the consensus estimate of $294.68 million. Superior Industries International had a positive return on equity of 8.10% and a negative net margin of 21.94%.
About Superior Industries International
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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