Texas Permanent School Fund raised its position in shares of Monro, Inc. (NASDAQ:MNRO – Get Rating) by 1.9% during the second quarter, HoldingsChannel reports. The fund owned 24,246 shares of the auto parts company’s stock after acquiring an additional 463 shares during the quarter. Texas Permanent School Fund’s holdings in Monro were worth $1,040,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the company. Landscape Capital Management L.L.C. bought a new position in Monro during the second quarter valued at $706,000. abrdn plc increased its position in Monro by 251.9% during the second quarter. abrdn plc now owns 675,135 shares of the auto parts company’s stock valued at $28,950,000 after acquiring an additional 483,304 shares during the last quarter. Cardinal Capital Management increased its position in Monro by 5.2% during the second quarter. Cardinal Capital Management now owns 17,093 shares of the auto parts company’s stock valued at $733,000 after acquiring an additional 846 shares during the last quarter. Crewe Advisors LLC increased its position in Monro by 9.7% during the second quarter. Crewe Advisors LLC now owns 3,736 shares of the auto parts company’s stock valued at $160,000 after acquiring an additional 330 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its position in Monro by 2,685.1% during the second quarter. First Horizon Advisors Inc. now owns 1,866 shares of the auto parts company’s stock valued at $80,000 after acquiring an additional 1,799 shares during the last quarter.
Insider Transactions at Monro
In other news, Director John L. Auerbach sold 2,195 shares of the company’s stock in a transaction dated Monday, October 31st. The shares were sold at an average price of $47.47, for a total value of $104,196.65. Following the transaction, the director now directly owns 8,041 shares in the company, valued at $381,706.27. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 3.20% of the company’s stock.
Analysts Set New Price Targets
Monro Trading Up 0.1 %
NASDAQ MNRO opened at $44.25 on Friday. The company’s 50-day moving average price is $45.64 and its 200-day moving average price is $46.05. The company has a current ratio of 0.63, a quick ratio of 0.27 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.39 billion, a PE ratio of 29.50, a PEG ratio of 1.80 and a beta of 1.05. Monro, Inc. has a 12 month low of $37.49 and a 12 month high of $62.33.
Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services; routine maintenance services on passenger cars, light trucks, and vans; products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.
- Get a free copy of the StockNews.com research report on Monro (MNRO)
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