Dimensional Fund Advisors LP Sells 160,584 Shares of Superior Industries International, Inc. (NYSE:SUP)

Dimensional Fund Advisors LP trimmed its position in shares of Superior Industries International, Inc. (NYSE:SUP) by 30.7% in the second quarter, Holdings Channel reports. The fund owned 361,942 shares of the auto parts company’s stock after selling 160,584 shares during the quarter. Dimensional Fund Advisors LP’s holdings in Superior Industries International were worth $1,176,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Separately, Essex Investment Management Co. LLC boosted its holdings in Superior Industries International by 1.5% during the first quarter. Essex Investment Management Co. LLC now owns 789,946 shares of the auto parts company’s stock valued at $2,291,000 after acquiring an additional 11,923 shares during the period. 56.20% of the stock is owned by institutional investors and hedge funds.

Superior Industries International Price Performance

SUP stock opened at $2.92 on Friday. Superior Industries International, Inc. has a 52-week low of $2.10 and a 52-week high of $4.57. The company has a 50-day moving average of $3.08 and a two-hundred day moving average of $3.35. The stock has a market capitalization of $83.51 million, a price-to-earnings ratio of -0.51 and a beta of 3.48.

Superior Industries International (NYSE:SUP) last released its earnings results on Thursday, August 8th. The auto parts company reported ($0.46) earnings per share for the quarter. The company had revenue of $319.00 million for the quarter, compared to analyst estimates of $365.15 million.

Analysts Set New Price Targets

Separately, StockNews.com cut shares of Superior Industries International from a “buy” rating to a “hold” rating in a report on Saturday, August 17th.

Superior Industries International 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.