Superior Industries International, Inc. (NYSE:SUP) Major shareholder Mill Road Capital Iii, LP buys 9,657 shares


Superior Industries International, Inc. (NYSE: SUP – Get Rating) major shareholder Mill Road Capital Iii, LP purchased 9,657 shares of the company in a transaction that took place on Tuesday, May 24. The shares were purchased at an average price of $3.80 per share, with a total value of $36,696.60. Following the transaction, the insider now owns 3,583,673 shares of the company, valued at approximately $13,617,957.40. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Major shareholders who own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Mill Road Capital Iii, LP has also recently completed the following transaction(s):

  • On Friday, May 20, Mill Road Capital Iii, LP purchased 6,149 shares of Superior Industries International. The shares were purchased at an average price of $3.78 per share, with a total value of $23,243.22.
  • On Thursday, April 14, Mill Road Capital Iii, LP purchased 22,000 shares of Superior Industries International. The shares were purchased at an average price of $5.00 per share, with a total value of $110,000.00.
  • On Tuesday, April 12, Mill Road Capital Iii, LP purchased 5,000 shares of Superior Industries International. The shares were purchased at an average price of $5.00 per share, with a total value of $25,000.00.
  • On Friday, April 8, Mill Road Capital Iii, LP purchased 2,300 shares of Superior Industries International. The shares were purchased at an average price of $5.00 per share, with a total value of $11,500.00.

SUP stock traded down $0.20 during Tuesday’s trading, hitting $3.79. 24,074 shares of the company were traded, against an average volume of 116,854. Superior Industries International, Inc. has a 52-week low of $3.11 and a 52-week high of $9.72. The company has a 50-day simple moving average of $4.01 and a 200-day simple moving average of $4.30. The stock has a market capitalization of $101.77 million, a price-earnings ratio of -2.90 and a beta of 4.31.

Superior Industries International (NYSE:SUP – Get Rating) last released quarterly earnings data on Wednesday, May 4. The auto parts company reported EPS of $0.08 for the quarter. Superior Industries International posted a net margin of 0.05% and a negative return on equity of 8.01%. The company posted revenue of $400.50 million in the quarter, against analyst estimates of $386.86 million.

A number of hedge funds have recently increased or reduced their holdings in SUP. Morgan Stanley increased its position in Superior Industries International by 5,893.0% during the second quarter. Morgan Stanley now owns 568,137 shares of the auto parts company valued at $4,897,000 after buying an additional 558,657 shares in the last quarter. Barclays PLC increased its stake in Superior Industries International shares by 295.0% in the third quarter. Barclays PLC now owns 4,298 shares in the auto parts company valued at $30,000 after acquiring an additional 3,210 shares during the period. Geode Capital Management LLC increased its stake in Superior Industries International shares by 1.4% in the third quarter. Geode Capital Management LLC now owns 217,846 shares of the auto parts company valued at $1,535,000 after acquiring 3,029 additional shares during the period. Arrowstreet Capital Limited Partnership increased its stake in Superior Industries International shares by 56.9% in the third quarter. Arrowstreet Capital Limited Partnership now owns 30,600 shares of the auto parts company valued at $216,000 after acquiring an additional 11,100 shares during the period. Finally, Pinnacle Holdings LLC increased its stake in Superior Industries International shares by 3.0% in the third quarter. Pinnacle Holdings LLC now owns 133,415 shares of the auto parts company valued at $941,000 after acquiring 3,940 additional shares during the period. Institutional investors and hedge funds own 76.76% of the company’s shares.

Separately, StockNews.com upgraded Superior Industries International shares from a “hold” to a “buy” rating in a Tuesday, May 10 research report.

About Superior Industries International (Get a rating)

Superior Industries International, Inc. designs, manufactures and sells aluminum wheels to original equipment manufacturers and aftermarket distributors in North America and Europe. The company supplies aluminum wheels to automobile and light truck manufacturers. It offers its products under the brands ATS, RIAL, ALUTEC and ANZIO.

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