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Superior Industries International Inc (SUP): Mario Gabelli’s GAMCO Investors Says It’s Pleased With Results

According to a recent 13D filing with the US Securities and Exchange Commission, Mario Gabelli‘s GAMCO Investors and its affiliates collectively own a total of 2.99 million shares of Superior Industries International Inc. (NYSE:SUP) , which amass 11.85% of the company’s outstanding stock. Out of the aggregate amount, GAMCO Investors solely own 1.74 million shares of the company, which is 22,000 shares less compared to the amount GAMCO Investors disclosed in a previous 13D filing, on April 6. In a press release attached to  the filing it was also revealed that GAMCO Asset Management, an affiliate of GAMCO Investors is satisfied to see that their constant effort for advancement has helped the company to shift their focus to internal operations.

Superior Industries International, Inc. (NYSE:SUP) is a manufacturer of aluminum road wheels for passenger cars and light duty vehicles, operating across the US and Mexico. Over the last 12 months, the company’s shares have increased by 34.16%.  The company has recently reported its financial results for the first quarter,  which included EPS of $0.56 and revenue of $186.1 million, beating the estimates by $0.15 and $3.46 million, respectively.

At the end of December of 2015, 11 hedge funds, among those followed by Insider Monkey, reported long positions in Superior Industries International, Inc. (NYSE:SUP), with GAMCO Investors disclosing the  biggest position, worth about $34.7 million in stock at the end of the year. The second largest stake was held by Chuck Royce’s Royce & Associates, valued at $12.6 million. Other money managers that were bullish on this stock are  Jim Simons’s Renaissance Technologies, John W. Rogers’s Ariel Investments and Israel Englander’s Millennium Management.

On the other hand, investors who lost interest in this stock are Peter Muller’s PDT Partners, which dropped the largest position valued at close to $0.2 million in ‘Call’ options, and Matthew Hulsizer’s PEAK6 Capital Management, which cut about $0.2 million worth of stock.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Gabelli Funds 634,800 634,800 634,800 2.52%
GAMCO Asset Management, Inc. I.D. No. 13-40445 1,548,152 1,737,352 1,737,352 6.88%
Teton Advisors, Inc. I.D. No. 13-4008049 610,000 610,000 610,000 2.42%
GGCP, Inc. I.D. No. 13-3056041 0.00%
GAMCO Investors, Inc. I.D. No. 13-400786 0.00%
Associated Capital Group, Inc. I.D. No. 47-3965991 Check the appropriate box if a member of a group (SEE INSTRUCTIONS) (a) (b) 8,000 8,000 8,000 0.03%
Mario J. Gabelli 0.00%

Mario Gabelli
Mario Gabelli
GAMCO Investors

Page 1 of 16 – SEC Filing

Washington, D.C. 20549
Under the Securities Exchange Act of 1934 (Amendment No. 36)
Superior Industries International, Inc.
(Name of Issuer)
Common Stock
(Title of Class of Securities)
(CUSIP Number)
David Goldman
GAMCO Investors, Inc.
One Corporate Center
Rye, New York 10580-1435
(914) 921-5000
(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)
______________________April 25, 2016________________________
(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box  .

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