Superior Industries International (NYSE:SUP) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Superior Industries International (NYSE:SUP) from a hold rating to a buy rating in a research report report published on Thursday morning.

Superior Industries International Trading Up 4.0 %

SUP opened at $2.10 on Thursday. Superior Industries International has a 12-month low of $1.50 and a 12-month high of $4.57. The firm has a 50 day moving average of $1.98 and a two-hundred day moving average of $2.46. The firm has a market capitalization of $60.66 million, a PE ratio of -0.53 and a beta of 3.47.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SUP. Rangeley Capital LLC acquired a new stake in Superior Industries International during the 4th quarter worth about $204,000. Proficio Capital Partners LLC purchased a new stake in shares of Superior Industries International in the fourth quarter worth about $153,000. Sandia Investment Management LP acquired a new stake in Superior Industries International during the fourth quarter worth about $153,000. Jane Street Group LLC purchased a new position in Superior Industries International during the fourth quarter valued at approximately $88,000. Finally, Heron Bay Capital Management acquired a new position in Superior Industries International in the fourth quarter valued at approximately $85,000. 56.20% of the stock is currently owned by institutional investors and hedge funds.

Superior Industries International Company Profile

Superior Industries International, Inc, together with its subsidiaries, designs, manufactures, and sells aluminum wheels to the original equipment manufacturers and aftermarket distributors in North America and Europe. It offers its products under the ATS, RIAL, ALUTEC, and ANZIO brand names. The company was founded in 1957 and is headquartered in Southfield, Michigan.