Superior Industries International (NYSE:SUP) Now Covered by StockNews.com

StockNews.com initiated coverage on shares of Superior Industries International (NYSE:SUP – Get Rating) in a research report issued on Sunday. The firm set a “strong-buy” rating on the auto parts company’s stock.

Superior Industries International Stock Up 1.7 %

Shares of SUP opened at $3.60 on Friday. Superior Industries International has a 12-month low of $2.88 and a 12-month high of $7.38. The firm has a market capitalization of $100.48 million, a PE ratio of -6.92 and a beta of 3.90. The stock’s fifty day simple moving average is $4.74 and its 200-day simple moving average is $4.95.

Superior Industries International (NYSE:SUP – Get Rating) last released its quarterly earnings data on Thursday, March 2nd. The auto parts company reported $0.21 EPS for the quarter. The business had revenue of $402.10 million during the quarter, compared to the consensus estimate of $405.13 million. Superior Industries International had a negative return on equity of 76.52% and a net margin of 1.41%.

Insider Activity at Superior Industries International

In related news, SVP Parveen Kakar sold 69,544 shares of the company’s stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $6.24, for a total value of $433,954.56. Following the completion of the sale, the senior vice president now owns 15,473 shares in the company, valued at $96,551.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Superior Industries International news, SVP Parveen Kakar sold 69,544 shares of the stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $6.24, for a total value of $433,954.56. Following the completion of the sale, the senior vice president now directly owns 15,473 shares in the company, valued at $96,551.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Michael Hatzfeld sold 8,416 shares of the stock in a transaction dated Monday, March 6th. The stock was sold at an average price of $7.13, for a total value of $60,006.08. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 122,836 shares of company stock worth $613,532 and sold 156,805 shares worth $1,023,914. 8.90% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Superior Industries International

Several large investors have recently modified their holdings of the business. Jane Street Group LLC bought a new stake in shares of Superior Industries International in the first quarter worth about $306,000. Moneta Group Investment Advisors LLC bought a new stake in shares of Superior Industries International in the first quarter worth about $69,000. Renaissance Technologies LLC boosted its position in shares of Superior Industries International by 15.0% during the first quarter. Renaissance Technologies LLC now owns 931,709 shares of the auto parts company’s stock worth $4,612,000 after buying an additional 121,700 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Superior Industries International by 868.0% during the first quarter. Tower Research Capital LLC TRC now owns 10,222 shares of the auto parts company’s stock worth $51,000 after buying an additional 9,166 shares during the period. Finally, Wedbush Securities Inc. acquired a new position in shares of Superior Industries International during the first quarter worth about $167,000. 61.22% of the stock is currently owned by institutional investors.

Superior Industries International Company Profile

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Superior Industries International, Inc engages in the design and manufacture of aluminum road wheels for passenger cars and light-duty vehicles. It operates through the North America and Europe segments. The company was founded by Louis L. Borick in 1957 and is headquartered in Southfield, MI.