Oppenheimer Asset Management Inc. trimmed its position in shares of Monro Inc (NASDAQ:MNRO) by 8.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,930 shares of the auto parts company’s stock after selling 984 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Monro were worth $751,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Strs Ohio bought a new position in Monro during the fourth quarter valued at about $123,000. Kessler Investment Group LLC increased its stake in Monro by 39.3% during the third quarter. Kessler Investment Group LLC now owns 3,168 shares of the auto parts company’s stock valued at $220,000 after acquiring an additional 893 shares during the period. Parametrica Management Ltd bought a new position in Monro during the third quarter valued at about $288,000. Rafferty Asset Management LLC bought a new position in Monro during the third quarter valued at about $290,000. Finally, Hsbc Holdings PLC bought a new position in Monro during the third quarter valued at about $305,000.

Several equities analysts recently issued reports on MNRO shares. BidaskClub lowered Monro from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 8th. Zacks Investment Research lowered Monro from a “buy” rating to a “hold” rating in a research note on Wednesday, January 16th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Monro currently has a consensus rating of “Hold” and a consensus target price of $70.00.

In other news, Director Peter J. Solomon sold 30,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 28th. The stock was sold at an average price of $80.29, for a total value of $2,408,700.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 4.60% of the company’s stock.

MNRO stock opened at $78.51 on Monday. Monro Inc has a 1-year low of $50.25 and a 1-year high of $84.38. The company has a market capitalization of $2.60 billion, a PE ratio of 37.75, a P/E/G ratio of 2.60 and a beta of 0.77. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.30 and a current ratio of 1.05.

Monro (NASDAQ:MNRO) last released its quarterly earnings data on Thursday, January 31st. The auto parts company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. Monro had a return on equity of 12.47% and a net margin of 6.71%. The company had revenue of $310.11 million for the quarter, compared to analyst estimates of $309.89 million. Analysts forecast that Monro Inc will post 2.42 earnings per share for the current year.

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Monro Company 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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