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% |
