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Superior Industries International (NYSE:SUP) Share Price Passes Above Two Hundred Day Moving Average of $4.26

Defense World · Sep 3, 2022 02:11

Superior Industries International, Inc. (NYSE:SUP – Get Rating)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $4.26 and traded as high as $4.95. Superior Industries International shares last traded at $4.75, with a volume of 33,010 shares.

Analyst Ratings Changes

Separately, StockNews.com began coverage on shares of Superior Industries International in a research note on Tuesday, August 2nd. They set a "buy" rating on the stock.

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Superior Industries International Price Performance

The firm's 50-day simple moving average is $4.63 and its two-hundred day simple moving average is $4.26. The company has a market capitalization of $128.33 million, a price-to-earnings ratio of -4.85 and a beta of 3.98.

Insiders Place Their Bets

In other Superior Industries International news, major shareholder Mill Road Capital Iii, L.P. purchased 8,457 shares of the stock in a transaction dated Monday, June 13th. The shares were acquired at an average cost of $3.75 per share, for a total transaction of $31,713.75. Following the completion of the transaction, the insider now directly owns 3,647,033 shares of the company's stock, valued at $13,676,373.75. The purchase was disclosed in a filing with the SEC, which is available at this link. In other Superior Industries International news, major shareholder Mill Road Capital Iii, L.P. purchased 8,457 shares of the stock in a transaction dated Monday, June 13th. The shares were acquired at an average cost of $3.75 per share, for a total transaction of $31,713.75. Following the completion of the transaction, the insider now directly owns 3,647,033 shares of the company's stock, valued at $13,676,373.75. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, SVP Parveen Kakar sold 43,000 shares of the stock in a transaction that occurred on Wednesday, August 10th. The shares were sold at an average price of $5.11, for a total transaction of $219,730.00. Following the completion of the sale, the senior vice president now owns 18,845 shares in the company, valued at $96,297.95. The disclosure for this sale can be found here. Over the last three months, insiders have purchased 343,228 shares of company stock worth $1,697,313. 6.50% of the stock is owned by company insiders.

Institutional Trading of Superior Industries International

Large investors have recently modified their holdings of the business. Millennium Management LLC lifted its stake in shares of Superior Industries International by 208.1% during the second quarter. Millennium Management LLC now owns 321,046 shares of the auto parts company's stock valued at $1,268,000 after buying an additional 216,846 shares during the period. Atria Wealth Solutions Inc. lifted its stake in shares of Superior Industries International by 77.7% during the second quarter. Atria Wealth Solutions Inc. now owns 19,895 shares of the auto parts company's stock valued at $79,000 after buying an additional 8,700 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Superior Industries International by 3.1% during the second quarter. Renaissance Technologies LLC now owns 946,309 shares of the auto parts company's stock valued at $3,738,000 after buying an additional 28,300 shares during the period. Northern Trust Corp lifted its stake in shares of Superior Industries International by 9.3% during the second quarter. Northern Trust Corp now owns 59,044 shares of the auto parts company's stock valued at $233,000 after buying an additional 5,000 shares during the period. Finally, Essex Investment Management Co. LLC lifted its stake in shares of Superior Industries International by 30.0% during the second quarter. Essex Investment Management Co. LLC now owns 629,424 shares of the auto parts company's stock valued at $2,486,000 after buying an additional 145,084 shares during the period. 46.23% of the stock is currently owned by institutional investors and hedge funds.

About Superior Industries International

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