PharVision Advisers LLC Makes New $501,000 Investment in Monro, Inc. (NASDAQ:MNRO)

PharVision Advisers LLC acquired a new position in shares of Monro, Inc. (NASDAQ:MNRO) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 20,188 shares of the auto parts company’s stock, valued at approximately $501,000.

Several other hedge funds also recently made changes to their positions in the company. Pacer Advisors Inc. purchased a new stake in Monro in the 4th quarter valued at approximately $28,899,000. Cooper Creek Partners Management LLC boosted its holdings in Monro by 66.4% in the 4th quarter. Cooper Creek Partners Management LLC now owns 929,288 shares of the auto parts company’s stock valued at $23,046,000 after purchasing an additional 370,960 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in Monro by 34.0% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,193,289 shares of the auto parts company’s stock valued at $29,594,000 after purchasing an additional 302,515 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Monro by 18.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,611,200 shares of the auto parts company’s stock valued at $39,957,000 after purchasing an additional 253,518 shares in the last quarter. Finally, Bridgeway Capital Management LLC purchased a new stake in Monro in the 4th quarter valued at approximately $5,671,000.

Monro Price Performance

NASDAQ MNRO opened at $13.72 on Wednesday. Monro, Inc. has a 12 month low of $12.20 and a 12 month high of $31.49. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.54 and a quick ratio of 0.19. The firm has a market capitalization of $410.90 million, a PE ratio of 21.44, a P/E/G ratio of 2.05 and a beta of 0.95. The company’s 50 day simple moving average is $14.65 and its 200 day simple moving average is $20.24.

Wall Street Analysts Forecast Growth

MNRO has been the subject of a number of research reports. Wells Fargo & Company reduced their price target on shares of Monro from $20.00 to $15.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. Stephens upgraded shares of Monro from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $21.00 to $18.00 in a report on Friday, April 4th. Finally, Wedbush cut their price target on shares of Monro from $27.00 to $19.00 and set an “outperform” rating on the stock in a report on Tuesday, April 1st.

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.