GSA Capital Partners LLP Raises Stock Holdings in Monro, Inc. (NASDAQ:MNRO)

GSA Capital Partners LLP boosted its position in shares of Monro, Inc. (NASDAQ:MNRO) by 100.9% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 126,432 shares of the auto parts company’s stock after purchasing an additional 63,506 shares during the quarter. Monro comprises about 0.3% of GSA Capital Partners LLP’s portfolio, making the stock its 16th biggest position. GSA Capital Partners LLP’s holdings in Monro were worth $3,649,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of MNRO. Headlands Technologies LLC boosted its position in shares of Monro by 32.5% in the 1st quarter. Headlands Technologies LLC now owns 3,675 shares of the auto parts company’s stock worth $116,000 after purchasing an additional 902 shares in the last quarter. Russell Investments Group Ltd. raised its stake in Monro by 45.7% in the 1st quarter. Russell Investments Group Ltd. now owns 197,729 shares of the auto parts company’s stock worth $6,236,000 after acquiring an additional 62,019 shares during the last quarter. William Blair Investment Management LLC raised its stake in Monro by 24.1% in the 1st quarter. William Blair Investment Management LLC now owns 1,008,786 shares of the auto parts company’s stock worth $31,817,000 after acquiring an additional 195,955 shares during the last quarter. State Board of Administration of Florida Retirement System raised its stake in shares of Monro by 56.5% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 13,931 shares of the auto parts company’s stock valued at $439,000 after buying an additional 5,032 shares during the last quarter. Finally, First Eagle Investment Management LLC purchased a new position in shares of Monro during the 1st quarter valued at about $4,494,000.

Monro Stock Performance

NASDAQ MNRO opened at $29.78 on Tuesday. The stock has a 50-day simple moving average of $27.28 and a two-hundred day simple moving average of $26.02. The firm has a market capitalization of $891.88 million, a P/E ratio of 34.23, a PEG ratio of 2.37 and a beta of 1.11. Monro, Inc. has a fifty-two week low of $21.00 and a fifty-two week high of $33.98. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.21 and a current ratio of 0.53.

Monro (NASDAQ:MNRO) last released its quarterly earnings data on Wednesday, October 30th. The auto parts company reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.25 by ($0.08). The company had revenue of $301.39 million for the quarter, compared to analysts’ expectations of $300.06 million. Monro had a net margin of 2.24% and a return on equity of 4.77%. The business’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.41 EPS. On average, equities analysts forecast that Monro, Inc. will post 0.83 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Stephens initiated coverage on Monro in a research note on Tuesday, October 15th. They set an “equal weight” rating and a $31.00 price objective for the company.

Monro Profile

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