Superior Industries International Inc (NYSE:SUP) was the recipient of a significant decline in short interest in the month of June. As of June 30th, there was short interest totalling 1,906,700 shares, a decline of 13.0% from the May 30th total of 2,190,600 shares. Based on an average daily trading volume, of 431,400 shares, the short-interest ratio is currently 4.4 days. Currently, 8.4% of the company’s stock are short sold.
NYSE SUP traded down $0.01 on Friday, reaching $2.93. The stock had a trading volume of 401,778 shares, compared to its average volume of 580,892. The firm has a 50 day simple moving average of $3.62. The company has a debt-to-equity ratio of 1.75, a current ratio of 2.04 and a quick ratio of 1.15. Superior Industries International has a 1 year low of $2.87 and a 1 year high of $22.95.
Superior Industries International (NYSE:SUP) last issued its earnings results on Thursday, May 9th. The auto parts company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.07). Superior Industries International had a net margin of 1.19% and a return on equity of 1.21%. The firm had revenue of $357.70 million during the quarter, compared to analysts’ expectations of $363.53 million. During the same quarter last year, the firm earned $0.15 EPS. The business’s revenue for the quarter was down 6.9% compared to the same quarter last year. On average, equities analysts anticipate that Superior Industries International will post -0.46 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be paid a $0.09 dividend. The ex-dividend date is Wednesday, July 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 12.29%. Superior Industries International’s dividend payout ratio (DPR) is currently -720.00%.
Several research firms recently weighed in on SUP. Barrington Research upped their price target on Lions Gate Entertainment to $18.00 and gave the company an “outperform” rating in a research report on Wednesday, May 29th. Zacks Investment Research lowered Hess Midstream Partners from a “hold” rating to a “sell” rating in a research report on Tuesday, May 14th. TheStreet lowered Unit from a “c-” rating to a “d+” rating in a research report on Tuesday, May 21st. Finally, ValuEngine raised Zynerba Pharmaceuticals from a “hold” rating to a “buy” rating in a research report on Tuesday, April 30th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $11.85.
In other Superior Industries International news, Director Richard J. Giromini purchased 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were purchased at an average cost of $4.37 per share, with a total value of $87,400.00. Following the completion of the transaction, the director now owns 42,500 shares of the company’s stock, valued at $185,725. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of SUP. Two Sigma Investments LP grew its stake in Superior Industries International by 438.5% in the fourth quarter. Two Sigma Investments LP now owns 253,969 shares of the auto parts company’s stock valued at $1,222,000 after purchasing an additional 206,809 shares in the last quarter. South Dakota Investment Council grew its stake in Superior Industries International by 100.9% in the first quarter. South Dakota Investment Council now owns 335,780 shares of the auto parts company’s stock valued at $1,598,000 after purchasing an additional 168,616 shares in the last quarter. Deutsche Bank AG grew its stake in Superior Industries International by 179.7% in the fourth quarter. Deutsche Bank AG now owns 252,916 shares of the auto parts company’s stock valued at $1,216,000 after purchasing an additional 162,491 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Superior Industries International by 39.0% in the fourth quarter. Bank of New York Mellon Corp now owns 530,149 shares of the auto parts company’s stock valued at $2,550,000 after purchasing an additional 148,659 shares in the last quarter. Finally, Norges Bank purchased a new position in Superior Industries International in the fourth quarter valued at about $685,000. Hedge funds and other institutional investors own 80.22% of the company’s stock.
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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