Russell Investments Group Ltd. Has $12.90 Million Holdings in Monro, Inc. (NASDAQ:MNRO)

Posted by on May 12th, 2023

Russell Investments Group Ltd. decreased its position in shares of Monro, Inc. (NASDAQ:MNRO – Get Rating) by 37.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 285,292 shares of the auto parts company’s stock after selling 174,302 shares during the quarter. Russell Investments Group Ltd. owned 0.91% of Monro worth $12,895,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MNRO. Raymond James & Associates lifted its position in Monro by 3.9% during the first quarter. Raymond James & Associates now owns 84,997 shares of the auto parts company’s stock worth $3,769,000 after purchasing an additional 3,227 shares during the period. Citigroup Inc. lifted its position in Monro by 8.0% during the first quarter. Citigroup Inc. now owns 31,255 shares of the auto parts company’s stock worth $1,386,000 after purchasing an additional 2,319 shares during the period. Bank of Montreal Can lifted its position in Monro by 4.7% during the first quarter. Bank of Montreal Can now owns 9,728 shares of the auto parts company’s stock worth $451,000 after purchasing an additional 434 shares during the period. MetLife Investment Management LLC lifted its position in Monro by 54.6% during the first quarter. MetLife Investment Management LLC now owns 17,374 shares of the auto parts company’s stock worth $770,000 after purchasing an additional 6,138 shares during the period. Finally, Panagora Asset Management Inc. bought a new stake in Monro during the first quarter worth about $289,000.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Monro from a “buy” rating to a “hold” rating in a research report on Monday.

Monro Stock Down 0.7 %

MNRO stock opened at $48.57 on Friday. The stock has a market capitalization of $1.53 billion, a P/E ratio of 33.97, a price-to-earnings-growth ratio of 1.80 and a beta of 1.02. The company has a current ratio of 0.63, a quick ratio of 0.30 and a debt-to-equity ratio of 0.62. Monro, Inc. has a 12 month low of $37.49 and a 12 month high of $55.70. The firm has a 50-day moving average price of $48.56 and a 200-day moving average price of $48.15.

About Monro

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Monro, Inc engages in the operation of chain stores that provide automotive undercar repair and tire services. The company offers services for brakes, mufflers and exhaust systems, and steering, drive train, suspension and wheel alignment. It operates under the brand names Monro Auto Service and Tire Centers, Tire Choice Auto Service Centers, Mr.

See Also

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Institutional Ownership by Quarter for Monro (NASDAQ:MNRO)

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