Superior Industries International Inc (SUP) Shares Sold by Gabelli Funds LLC

Gabelli Funds LLC trimmed its holdings in Superior Industries International Inc (NYSE:SUP) by 5.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 491,000 shares of the auto parts company’s stock after selling 29,000 shares during the period. Gabelli Funds LLC owned about 1.96% of Superior Industries International worth $8,372,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. BlackRock Inc. boosted its position in shares of Superior Industries International by 6.6% in the second quarter. BlackRock Inc. now owns 3,374,743 shares of the auto parts company’s stock valued at $60,407,000 after acquiring an additional 208,506 shares during the period. Bank of America Corp DE lifted its holdings in shares of Superior Industries International by 6.1% in the 2nd quarter. Bank of America Corp DE now owns 738,138 shares of the auto parts company’s stock worth $13,212,000 after acquiring an additional 42,613 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of Superior Industries International by 8.7% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 377,836 shares of the auto parts company’s stock worth $6,764,000 after acquiring an additional 30,316 shares during the last quarter. Millennium Management LLC increased its stake in shares of Superior Industries International by 22.2% in the second quarter. Millennium Management LLC now owns 373,339 shares of the auto parts company’s stock worth $6,683,000 after buying an additional 67,943 shares during the period. Finally, Citadel Advisors LLC increased its stake in shares of Superior Industries International by 24.1% in the second quarter. Citadel Advisors LLC now owns 241,657 shares of the auto parts company’s stock worth $4,325,000 after buying an additional 46,944 shares during the period. 83.64% of the stock is currently owned by hedge funds and other institutional investors.

Superior Industries International stock traded up $0.07 during mid-day trading on Monday, reaching $7.43. The stock had a trading volume of 253,200 shares, compared to its average volume of 211,548. The company has a debt-to-equity ratio of 1.71, a current ratio of 2.19 and a quick ratio of 1.14. The stock has a market cap of $184.14 million, a price-to-earnings ratio of 6.75 and a beta of 1.77. Superior Industries International Inc has a one year low of $6.91 and a one year high of $22.95.

Superior Industries International (NYSE:SUP) last posted its earnings results on Friday, November 9th. The auto parts company reported ($0.29) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.35) by $0.06. Superior Industries International had a net margin of 0.88% and a return on equity of 9.82%. The business had revenue of $347.60 million for the quarter, compared to analysts’ expectations of $346.65 million. During the same quarter in the prior year, the business earned ($0.22) EPS. The business’s revenue for the quarter was up 4.9% compared to the same quarter last year. On average, equities analysts expect that Superior Industries International Inc will post -0.12 EPS for the current fiscal year.

In other Superior Industries International news, Director Timothy C. Mcquay purchased 6,000 shares of Superior Industries International stock in a transaction dated Monday, November 19th. The stock was purchased at an average price of $8.18 per share, with a total value of $49,080.00. Following the transaction, the director now directly owns 25,228 shares of the company’s stock, valued at $206,365.04. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Joanne M. Finnorn bought 3,400 shares of Superior Industries International stock in a transaction that occurred on Tuesday, November 13th. The stock was purchased at an average cost of $7.50 per share, with a total value of $25,500.00. Following the completion of the acquisition, the senior vice president now directly owns 34,201 shares in the company, valued at approximately $256,507.50. The disclosure for this purchase can be found here. Insiders have bought a total of 103,683 shares of company stock valued at $838,030 in the last ninety days. Insiders own 2.60% of the company’s stock.

Several research analysts recently commented on the stock. ValuEngine raised shares of Superior Industries International from a “hold” rating to a “buy” rating in a research note on Wednesday, August 8th. Buckingham Research boosted their price objective on shares of Superior Industries International from $18.00 to $24.00 and gave the company a “neutral” rating in a research report on Monday, August 13th. Barrington Research reissued a “buy” rating and set a $27.00 price objective on shares of Superior Industries International in a research report on Monday, August 6th. B. Riley reduced their target price on shares of Superior Industries International from $33.00 to $28.00 and set a “buy” rating on the stock in a research report on Thursday, October 25th. Finally, BWS Financial downgraded shares of Superior Industries International from a “buy” rating to a “hold” rating and set a $10.00 target price on the stock. in a research report on Friday, November 9th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $15.20.

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Superior Industries International Profile

Superior Industries International, Inc designs, manufactures, and sells aluminum wheels to the original equipment manufacturers in North America. It supplies cast aluminum wheels to the automobile and light truck manufacturers. The company was founded in 1957 and is headquartered in Southfield, Michigan.

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

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