Superior Industries International (SUP) : Oppenheimer Close reduced its stake in Superior Industries International by 80.8% during the most recent quarter end. The investment management company now holds a total of 57,752 shares of Superior Industries International which is valued at $1.5 Million after selling 242,999 shares in Superior Industries International , the firm said in a disclosure report filed with the SEC on May 12, 2016.Superior Industries International makes up approximately 1.38% of Oppenheimer Close’s portfolio.
Other Hedge Funds, Including , Thrivent Financial For Lutherans added SUP to its portfolio by purchasing 10,630 company shares during the most recent quarter which is valued at $277,868.Janney Montgomery Scott boosted its stake in SUP in the latest quarter, The investment management firm added 94 additional shares and now holds a total of 31,883 shares of Superior Industries International which is valued at $833,422. Superior Industries International makes up approx 0.02% of Janney Montgomery Scott’s portfolio. Pillar Pacific Capital Management added SUP to its portfolio by purchasing 9,900 company shares during the most recent quarter which is valued at $262,350. Superior Industries International makes up approx 0.05% of Pillar Pacific Capital Management’s portfolio.Rhumbline Advisers boosted its stake in SUP in the latest quarter, The investment management firm added 3,410 additional shares and now holds a total of 42,581 shares of Superior Industries International which is valued at $1.1 Million.
Superior Industries International opened for trading at $25.68 and hit $25.88 on the upside on Friday, eventually ending the session at $25.86, with a gain of 1.25% or 0.32 points. The heightened volatility saw the trading volume jump to 1,11,049 shares. Company has a market cap of $657,025 M.
On the company’s financial health, Superior Industries International reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.54. The company had revenue of $186.07 million for the quarter, compared to analysts expectations of $186.06 million. The company’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.16 EPS.
Many Wall Street Analysts have commented on Superior Industries International. Superior Industries International was Downgraded by Buckingham Research to ” Neutral” on Mar 8, 2016.
Superior Industries International Inc. is a supplier of cast aluminum wheels. The principal business of the Company is the design and manufacture of aluminum road wheels for sale to original equipment manufacturers (OEMs). It operates in the segment of automotive wheels. The Company offers its products to the automobile and light truck manufacturers. It has wheel manufacturing operations in the United States and Mexico. Products made in its North American facilities are delivered primarily to automotive assembly operations in North America both for domestic and internationally branded customers. The Company’s OEM aluminum road wheels are sold for factory installation as either optional or standard equipment on many vehicle models manufactured by Ford General Motors (GM) Toyota Fiat Chrysler Automobiles N.V. (FCA) BMW Mitsubishi Nissan Subaru Volkswagen and Tesla.