Superior Industries International (NYSE:SUP) Downgraded to “Hold” at StockNews.com

Superior Industries International (NYSE:SUP) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a note issued to investors on Saturday.

Superior Industries International Trading Down 0.3 %

SUP opened at $3.39 on Friday. The business has a 50 day moving average of $3.25 and a 200-day moving average of $3.37. The stock has a market capitalization of $97.94 million, a price-to-earnings ratio of -0.59 and a beta of 3.47. Superior Industries International has a 1-year low of $2.10 and a 1-year high of $4.57.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Squarepoint Ops LLC grew its position in Superior Industries International by 818.9% during the second quarter. Squarepoint Ops LLC now owns 782,531 shares of the auto parts company’s stock worth $2,645,000 after buying an additional 697,367 shares in the last quarter. Essex Investment Management Co. LLC grew its holdings in shares of Superior Industries International by 1.5% during the 1st quarter. Essex Investment Management Co. LLC now owns 789,946 shares of the auto parts company’s stock worth $2,291,000 after purchasing an additional 11,923 shares in the last quarter. Privium Fund Management UK Ltd bought a new stake in shares of Superior Industries International during the first quarter valued at approximately $45,000. Pinnacle Holdings LLC raised its stake in shares of Superior Industries International by 4.6% in the fourth quarter. Pinnacle Holdings LLC now owns 171,887 shares of the auto parts company’s stock valued at $550,000 after purchasing an additional 7,605 shares in the last quarter. Finally, Mill Road Capital Management LLC raised its stake in shares of Superior Industries International by 0.7% in the fourth quarter. Mill Road Capital Management LLC now owns 4,380,940 shares of the auto parts company’s stock valued at $14,019,000 after purchasing an additional 32,300 shares in the last quarter. Institutional investors and hedge funds own 56.20% of the company’s stock.

About Superior Industries International

Superior Industries International, Inc, together with its subsidiaries, designs, manufactures, and sells aluminum wheels to the original equipment manufacturers and aftermarket distributors in North America and Europe. It offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names. The company was founded in 1957 and is headquartered in Southfield, Michigan.