Eagle Boston Investment Management Inc. boosted its holdings in shares of Monro Muffler Brake (NASDAQ:MNRO) by 5.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 217,759 shares of the auto parts company’s stock after purchasing an additional 10,539 shares during the quarter. Monro Muffler Brake makes up 1.2% of Eagle Boston Investment Management Inc.’s holdings, making the stock its 27th largest position. Eagle Boston Investment Management Inc. owned about 0.66% of Monro Muffler Brake worth $11,671,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Xact Kapitalforvaltning AB acquired a new position in shares of Monro Muffler Brake during the fourth quarter valued at approximately $213,000. Advisor Group Inc. raised its holdings in shares of Monro Muffler Brake by 837.7% during the fourth quarter. Advisor Group Inc. now owns 3,854 shares of the auto parts company’s stock valued at $219,000 after acquiring an additional 3,443 shares during the last quarter. CIBC Asset Management Inc acquired a new position in shares of Monro Muffler Brake during the fourth quarter valued at approximately $232,000. Paloma Partners Management Co acquired a new position in shares of Monro Muffler Brake during the fourth quarter valued at approximately $233,000. Finally, D.B. Root & Company LLC acquired a new position in shares of Monro Muffler Brake during the fourth quarter valued at approximately $249,000.
In related news, insider Maureen Mulholland sold 3,000 shares of the stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $51.00, for a total value of $153,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 6.20% of the stock is currently owned by company insiders.
NASDAQ:MNRO opened at $56.85 on Friday. Monro Muffler Brake has a one year low of $56.20 and a one year high of $57.40. The company has a quick ratio of 0.33, a current ratio of 1.06 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $1.83 billion, a P/E ratio of 29.44, a P/E/G ratio of 1.73 and a beta of 0.61.
A number of brokerages have commented on MNRO. ValuEngine raised Monro Muffler Brake from a “sell” rating to a “hold” rating in a report on Tuesday. BidaskClub raised Monro Muffler Brake from a “hold” rating to a “buy” rating in a report on Friday, April 27th. Zacks Investment Research raised Monro Muffler Brake from a “hold” rating to a “buy” rating and set a $61.00 price target for the company in a report on Friday, April 20th. Finally, Guggenheim assumed coverage on Monro Muffler Brake in a report on Tuesday, April 17th. They issued a “buy” rating and a $67.00 price target for the company. Eight investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $61.75.
About Monro Muffler Brake
Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. The company offers range of services on passenger cars, light trucks, and vans for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. It also provides other products and services, including tires and routine maintenance services, including state inspections.
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