Macquarie Group Ltd. Takes $35,000 Position in Superior Industries International Inc (NYSE:SUP)

Macquarie Group Ltd. acquired a new stake in shares of Superior Industries International Inc (NYSE:SUP) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 10,098 shares of the auto parts company’s stock, valued at approximately $35,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. SeaCrest Wealth Management LLC bought a new stake in shares of Superior Industries International in the second quarter valued at approximately $35,000. A.R.T. Advisors LLC bought a new stake in Superior Industries International during the 2nd quarter worth approximately $46,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new stake in Superior Industries International during the 2nd quarter worth approximately $55,000. Jefferies Group LLC bought a new stake in Superior Industries International during the 2nd quarter worth approximately $63,000. Finally, Eidelman Virant Capital bought a new stake in Superior Industries International during the 2nd quarter worth approximately $69,000. Hedge funds and other institutional investors own 70.27% of the company’s stock.

A number of research firms have commented on SUP. BWS Financial set a $6.00 price target on shares of Superior Industries International and gave the stock a “hold” rating in a research note on Tuesday, September 24th. Barrington Research reaffirmed an “outperform” rating and issued a $7.00 price objective (down previously from $15.00) on shares of Superior Industries International in a research note on Monday, August 12th. B. Riley set a $7.00 price target on shares of Superior Industries International and gave the company a “buy” rating in a research report on Wednesday, September 4th. Zacks Investment Research cut shares of Superior Industries International from a “hold” rating to a “sell” rating and set a $3.25 price target for the company. in a research report on Monday, October 14th. Finally, ValuEngine lowered shares of Superior Industries International from a “buy” rating to a “hold” rating in a report on Tuesday, November 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $7.05.

In other Superior Industries International news, Director Ellen B. Richstone purchased 18,000 shares of Superior Industries International stock in a transaction that occurred on Monday, August 12th. The shares were bought at an average price of $2.85 per share, for a total transaction of $51,300.00. Following the completion of the transaction, the director now owns 39,132 shares of the company’s stock, valued at approximately $111,526.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.80% of the company’s stock.

Shares of SUP traded up $0.19 on Friday, reaching $3.46. The company’s stock had a trading volume of 134,693 shares, compared to its average volume of 436,868. Superior Industries International Inc has a 12-month low of $2.26 and a 12-month high of $9.99. The stock has a market capitalization of $81.68 million, a P/E ratio of -69.20 and a beta of 1.86. The stock’s 50 day simple moving average is $2.95 and its two-hundred day simple moving average is $3.37. The company has a debt-to-equity ratio of 1.82, a current ratio of 1.83 and a quick ratio of 1.02.

Superior Industries International (NYSE:SUP) last released its earnings results on Monday, November 4th. The auto parts company reported ($0.08) EPS for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.14. The company had revenue of $352.00 million for the quarter, compared to analysts’ expectations of $336.93 million. Superior Industries International had a net margin of 0.74% and a return on equity of 0.94%. The firm’s revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the business earned ($0.37) EPS. Analysts expect that Superior Industries International Inc will post -0.6 earnings per share for the current year.

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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Institutional Ownership by Quarter for Superior Industries International (NYSE:SUP)

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