Superior Industries International (NYSE:SUP) Upgraded at StockNews.com

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

Superior Industries International Stock Up 4.0 %

NYSE:SUP opened at $2.10 on Thursday. The stock has a market capitalization of $60.66 million, a price-to-earnings ratio of -0.53 and a beta of 3.47. Superior Industries International has a 52 week low of $1.50 and a 52 week high of $4.57. The firm has a 50 day moving average of $1.98 and a 200 day moving average of $2.46.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in SUP. Corsair Capital Management L.P. purchased a new stake in Superior Industries International in the third quarter valued at about $72,000. Heron Bay Capital Management acquired a new position in shares of Superior Industries International during the fourth quarter valued at about $85,000. Jane Street Group LLC purchased a new position in shares of Superior Industries International in the 4th quarter valued at approximately $88,000. Proficio Capital Partners LLC purchased a new stake in Superior Industries International during the 4th quarter worth approximately $153,000. Finally, Sandia Investment Management LP purchased a new stake in Superior Industries International during the 4th quarter worth approximately $153,000. 56.20% of the stock is currently owned by hedge funds and other institutional investors.

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.