CIBC Asset Management Inc acquired a new position in shares of Monro Inc (NASDAQ:MNRO) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 4,082 shares of the auto parts company’s stock, valued at approximately $232,000.
Several other hedge funds have also recently modified their holdings of the business. Engineers Gate Manager LP purchased a new position in shares of Monro during the fourth quarter worth about $1,031,000. Parametrica Management Ltd purchased a new position in shares of Monro during the fourth quarter worth about $266,000. Peregrine Capital Management LLC grew its holdings in shares of Monro by 0.6% during the fourth quarter. Peregrine Capital Management LLC now owns 329,820 shares of the auto parts company’s stock worth $18,783,000 after purchasing an additional 2,073 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Monro during the fourth quarter worth about $404,000. Finally, Schwab Charles Investment Management Inc. grew its holdings in shares of Monro by 5.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 212,144 shares of the auto parts company’s stock worth $12,082,000 after purchasing an additional 10,661 shares during the last quarter.
Shares of Monro Inc (NASDAQ MNRO) opened at $53.40 on Thursday. Monro Inc has a 12 month low of $39.65 and a 12 month high of $64.15. The firm has a market cap of $1,711.90, a PE ratio of 27.62, a PEG ratio of 1.84 and a beta of 0.62. The company has a current ratio of 1.06, a quick ratio of 0.33 and a debt-to-equity ratio of 0.62.
MNRO has been the topic of several research reports. Oppenheimer set a $70.00 price objective on Monro and gave the stock a “buy” rating in a report on Tuesday, October 24th. KeyCorp reaffirmed a “hold” rating on shares of Monro in a report on Tuesday, October 24th. TheStreet lowered Monro from a “b-” rating to a “c+” rating in a report on Monday, November 13th. BidaskClub raised Monro from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. Finally, Zacks Investment Research raised Monro from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $63.33.
In other news, Director Stephen C. Mccluski sold 10,000 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $55.51, for a total transaction of $555,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 6.20% of the stock is currently owned by corporate insiders.
Monro, Inc, formerly Monro Muffler Brake, Inc, is engaged in the provision of automotive undercar repair and tire services in the United States. The Company provides a range of services on passenger cars, light trucks and vans for brakes; mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment.
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