Duality Advisers LP Makes New $1.46 Million Investment in Monro Inc (NASDAQ:MNRO)

Duality Advisers LP purchased a new stake in shares of Monro Inc (NASDAQ:MNRO) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 26,555 shares of the auto parts company’s stock, valued at approximately $1,459,000. Duality Advisers LP owned 0.08% of Monro at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in Monro by 41.5% during the 1st quarter. Wellington Management Group LLP now owns 1,221,995 shares of the auto parts company’s stock worth $53,535,000 after acquiring an additional 358,420 shares in the last quarter. Norges Bank purchased a new position in Monro during the fourth quarter valued at approximately $27,349,000. Wasatch Advisors Inc. raised its stake in Monro by 6.7% in the first quarter. Wasatch Advisors Inc. now owns 4,307,327 shares of the auto parts company’s stock worth $188,704,000 after buying an additional 270,007 shares in the last quarter. FDx Advisors Inc. lifted its holdings in Monro by 4,081.7% during the first quarter. FDx Advisors Inc. now owns 243,667 shares of the auto parts company’s stock worth $5,445,000 after buying an additional 237,840 shares during the period. Finally, Balyasny Asset Management LLC purchased a new stake in Monro during the first quarter worth $5,157,000.

Shares of Monro stock opened at $56.30 on Friday. The company has a 50 day moving average price of $57.24 and a 200 day moving average price of $56.30. The firm has a market capitalization of $1.87 billion, a P/E ratio of 49.82, a PEG ratio of 3.55 and a beta of 1.14. The company has a quick ratio of 1.60, a current ratio of 1.35 and a debt-to-equity ratio of 1.17. Monro Inc has a 52 week low of $37.09 and a 52 week high of $87.60.

Monro (NASDAQ:MNRO) last posted its quarterly earnings results on Wednesday, July 29th. The auto parts company reported $0.15 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.22) by $0.37. The business had revenue of $247.06 million during the quarter, compared to analysts’ expectations of $246.86 million. Monro had a net margin of 3.24% and a return on equity of 6.57%. The business’s quarterly revenue was down 22.1% on a year-over-year basis. During the same quarter last year, the company posted $0.69 earnings per share. As a group, research analysts anticipate that Monro Inc will post 1.07 earnings per share for the current fiscal year.

Several research analysts have recently commented on the company. Oppenheimer reissued a “hold” rating on shares of Monro in a research report on Wednesday, June 17th. BMO Capital Markets reduced their target price on shares of Monro from $71.00 to $41.00 and set a “market perform” rating for the company in a report on Monday, April 6th. SunTrust Banks raised their price target on shares of Monro from $58.00 to $60.00 and gave the company a “hold” rating in a report on Thursday. Guggenheim lowered shares of Monro from a “buy” rating to a “neutral” rating in a research note on Friday, May 29th. Finally, Zacks Investment Research cut shares of Monro from a “hold” rating to a “sell” rating in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $69.20.

Monro Profile

Monro, Inc provides automotive undercar repair, and tire sales and services in the United States. The company offers range of services on passenger cars, light trucks, and vans for brakes; mufflers and exhaust systems; and steering, drive train, suspension, and wheel alignment. It also provides other products and services, including tires and routine maintenance services, including state inspections.

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Institutional Ownership by Quarter for Monro (NASDAQ:MNRO)

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