Superior Industries International Inc (SUP) Director Richard J. Giromini Acquires 20,000 Shares

Superior Industries International Inc (NYSE:SUP) Director Richard J. Giromini acquired 20,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The shares were acquired at an average price of $4.37 per share, with a total value of $87,400.00. Following the completion of the transaction, the director now directly owns 42,500 shares in the company, valued at approximately $185,725. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Shares of Superior Industries International stock traded up $0.24 during trading on Friday, hitting $4.19. 362,812 shares of the stock traded hands, compared to its average volume of 412,014. The firm has a market cap of $112.26 million, a price-to-earnings ratio of -83.80 and a beta of 2.02. 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 Inc has a twelve month low of $3.87 and a twelve month high of $22.95.

Superior Industries International (NYSE:SUP) last announced its quarterly earnings results on Thursday, May 9th. The auto parts company reported ($0.22) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.15) by ($0.07). The firm had revenue of $357.70 million for the quarter, compared to analyst estimates of $363.53 million. Superior Industries International had a net margin of 1.19% and a return on equity of 1.21%. The firm’s quarterly revenue was down 6.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.15 earnings per share. As a group, equities research analysts predict that Superior Industries International Inc will post -0.46 earnings per share for the current year.

A number of equities research analysts have commented on the company. TheStreet upgraded Superior Industries International from a “d+” rating to a “c-” rating in a research report on Thursday, April 18th. Barrington Research set a $15.00 price objective on Superior Industries International and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Zacks Investment Research upgraded Superior Industries International from a “sell” rating to a “hold” rating in a research report on Tuesday, May 14th. BWS Financial restated a “hold” rating and set a $6.00 price objective (down from $10.00) on shares of Superior Industries International in a research report on Friday, February 8th. Finally, ValuEngine upgraded Superior Industries International from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Superior Industries International currently has an average rating of “Hold” and a consensus price target of $11.85.

Several institutional investors have recently made changes to their positions in the company. Ellington Management Group LLC lifted its holdings in shares of Superior Industries International by 118.4% during the 1st quarter. Ellington Management Group LLC now owns 61,800 shares of the auto parts company’s stock valued at $294,000 after buying an additional 33,500 shares during the last quarter. Voya Investment Management LLC lifted its holdings in shares of Superior Industries International by 526.1% during the 1st quarter. Voya Investment Management LLC now owns 66,536 shares of the auto parts company’s stock valued at $317,000 after buying an additional 55,909 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Superior Industries International by 18.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 639,128 shares of the auto parts company’s stock valued at $3,043,000 after buying an additional 101,773 shares during the last quarter. OppenheimerFunds Inc. lifted its holdings in shares of Superior Industries International by 10.9% during the 1st quarter. OppenheimerFunds Inc. now owns 145,519 shares of the auto parts company’s stock valued at $693,000 after buying an additional 14,279 shares during the last quarter. Finally, Swiss National Bank lifted its holdings in shares of Superior Industries International by 9.0% during the 1st quarter. Swiss National Bank now owns 43,400 shares of the auto parts company’s stock valued at $207,000 after buying an additional 3,600 shares during the last quarter. Institutional investors and hedge funds own 78.72% of the company’s stock.

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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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Insider Buying and Selling by Quarter for Superior Industries International (NYSE:SUP)

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