Nomura Holdings Inc. Has $25.62 Million Stock Holdings in Monro, Inc. (NASDAQ:MNRO)

Nomura Holdings Inc. cut its stake in Monro, Inc. (NASDAQ:MNRO) by 5.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,032,981 shares of the auto parts company’s stock after selling 58,101 shares during the period. Nomura Holdings Inc.’s holdings in Monro were worth $25,618,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC acquired a new position in Monro in the 4th quarter valued at $52,000. Quarry LP raised its holdings in shares of Monro by 84.5% during the 4th quarter. Quarry LP now owns 4,918 shares of the auto parts company’s stock worth $122,000 after buying an additional 2,252 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Monro during the 4th quarter worth $156,000. Bleakley Financial Group LLC raised its holdings in shares of Monro by 17.9% during the 4th quarter. Bleakley Financial Group LLC now owns 9,939 shares of the auto parts company’s stock worth $246,000 after buying an additional 1,506 shares in the last quarter. Finally, Semanteon Capital Management LP acquired a new position in shares of Monro during the 4th quarter worth $263,000.

Analysts Set New Price Targets

A number of research firms have recently commented on MNRO. Wedbush lowered their price target on Monro from $27.00 to $19.00 and set an “outperform” rating for the company in a report on Tuesday, April 1st. Wells Fargo & Company lowered their price target on Monro from $20.00 to $15.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Finally, Stephens raised Monro from an “equal weight” rating to an “overweight” rating and lowered their price target for the stock from $21.00 to $18.00 in a report on Friday, April 4th.

Monro Trading Down 2.2%

Shares of MNRO stock opened at $12.78 on Wednesday. The firm has a market capitalization of $382.75 million, a P/E ratio of 19.97, a P/E/G ratio of 2.05 and a beta of 0.95. Monro, Inc. has a twelve month low of $12.20 and a twelve month high of $31.49. The company has a quick ratio of 0.19, a current ratio of 0.54 and a debt-to-equity ratio of 0.45. The stock’s fifty day simple moving average is $14.96 and its 200 day simple moving average is $20.73.

Monro Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were given a dividend of $0.28 per share. The ex-dividend date was Tuesday, February 25th. This represents a $1.12 dividend on an annualized basis and a yield of 8.76%. Monro’s dividend payout ratio is currently 175.00%.

Monro Company Profile

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. It offers replacement tires and tire related services, automotive undercar repair services, and routine maintenance services primarily to passenger cars, light trucks, and vans. The company also provides other products and services for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment.