Superior Industries International, Inc. (NYSE:SUP – Get Rating) was the recipient of a large decline in short interest during the month of May. As of May 31st, there was short interest totalling 110,600 shares, a decline of 16.1% from the May 15th total of 131,800 shares. Currently, 0.5% of the company’s shares are sold short. Based on an average trading volume of 91,500 shares, the days-to-cover ratio is presently 1.2 days.
Shares of NYSE SUP traded up $0.26 during midday trading on Friday, hitting $4.33. The stock had a trading volume of 632 shares, compared to its average volume of 59,799. The company has a fifty day moving average price of $3.83 and a 200 day moving average price of $4.19. The company has a market capitalization of $116.26 million, a price-to-earnings ratio of -3.11 and a beta of 4.29. Superior Industries International has a 1-year low of $3.11 and a 1-year high of $9.44.
Superior Industries International (NYSE:SUP – Get Rating) last released its quarterly earnings results on Wednesday, May 4th. The auto parts company reported $0.08 earnings per share for the quarter. The firm had revenue of $400.50 million during the quarter, compared to analysts’ expectations of $386.86 million. Superior Industries International had a negative return on equity of 8.01% and a net margin of 0.05%.
In other Superior Industries International news, SVP Andreas Meyer sold 20,000 shares of the business’s stock in a transaction on Tuesday, May 10th. The shares were sold at an average price of $3.68, for a total value of $73,600.00. Following the completion of the transaction, the senior vice president now owns 21,024 shares in the company, valued at $77,368.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Mill Road Capital Iii, L.P. purchased 22,000 shares of the business’s stock in a transaction on Thursday, April 14th. The stock was acquired at an average price of $5.00 per share, for a total transaction of $110,000.00. Following the completion of the purchase, the insider now owns 3,567,867 shares of the company’s stock, valued at $17,839,335. The disclosure for this purchase can be found here. In the last three months, insiders have bought 53,592 shares of company stock worth $238,268. Corporate insiders own 6.50% of the company’s stock.
A number of hedge funds have recently modified their holdings of SUP. Barclays PLC increased its stake in shares of Superior Industries International by 295.0% in the third quarter. Barclays PLC now owns 4,298 shares of the auto parts company’s stock valued at $30,000 after purchasing an additional 3,210 shares during the period. Columbia Advisory Partners LLC bought a new position in shares of Superior Industries International in the fourth quarter valued at $46,000. Atria Wealth Solutions Inc. acquired a new stake in shares of Superior Industries International during the 1st quarter valued at $52,000. Mairs & Power Inc. bought a new stake in shares of Superior Industries International during the 1st quarter worth $58,000. Finally, BNP Paribas Arbitrage SA increased its stake in Superior Industries International by 10,570.0% in the 4th quarter. BNP Paribas Arbitrage SA now owns 16,005 shares of the auto parts company’s stock worth $72,000 after purchasing an additional 15,855 shares in the last quarter. Institutional investors own 76.76% of the company’s stock.
Superior Industries International Company Profile (Get Rating)
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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