Cooper Creek Partners Maintains Significant Stake in Stoneridge (SRI)
Ticker: SRI · Form: SC 13G/A · Filed: Feb 12, 2024 · CIK: 1043337
| Field | Detail |
|---|---|
| Company | Stoneridge Inc (SRI) |
| Form Type | SC 13G/A |
| Filed Date | Feb 12, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, stake-holding
Related Tickers: SRI
TL;DR
**Cooper Creek Partners still holds a big chunk of Stoneridge, signaling continued confidence.**
AI Summary
Cooper Creek Partners Management LLC filed an amended Schedule 13G/A on February 12, 2024, indicating their ownership in Stoneridge, Inc. (SRI) as of December 31, 2023. This filing is an amendment number 17, showing a continued significant stake in the company. This matters to investors because Cooper Creek Partners Management LLC is a substantial institutional holder, and their continued ownership suggests confidence in Stoneridge's future, potentially influencing other investors' perceptions and the stock's stability.
Why It Matters
This filing shows a major institutional investor, Cooper Creek Partners Management LLC, continues to hold a significant position in Stoneridge, Inc., which can be seen as a vote of confidence in the company's long-term prospects.
Risk Assessment
Risk Level: low — This filing indicates a stable institutional ownership, which generally reduces volatility and risk for the stock.
Analyst Insight
An investor should note that a significant institutional holder, Cooper Creek Partners Management LLC, continues to maintain their position in Stoneridge, Inc. as of December 31, 2023. While this doesn't reveal a change in their stake, it confirms their ongoing interest, which could be a positive signal for long-term stability. Further investigation into the specific share count from the full filing would provide more actionable insight into any increase or decrease in their holding.
Key Players & Entities
- Cooper Creek Partners Management LLC (company) — the entity filing the SC 13G/A
- Stoneridge, Inc. (company) — the subject company whose shares are being reported
- December 31, 2023 (date) — the date of the event which required the filing
- February 12, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 17 (number) — the specific amendment number of this filing
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as stated in the 'FORM TYPE: SC 13G/A' and 'SCHEDULE 13G (Amendment No. 17)' sections.
Who is the subject company of this filing?
The subject company is STONERIDGE, INC. (SRI), as indicated under the 'SUBJECT COMPANY' section and 'Name of Issuer' on the Schedule 13G cover page.
Who filed this SC 13G/A?
This SC 13G/A was filed by COOPER CREEK PARTNERS MANAGEMENT LLC, as stated under the 'FILED BY' section.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for the Common Stock of Stoneridge, Inc. is 86183P102, as listed on the Schedule 13G cover page.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023, as specified on the Schedule 13G cover page.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 12, 2024 regarding STONERIDGE INC (SRI).