SCHEDULE 13G/A: Frontier Capital Management Discloses 5.79% Stake in Stoneridge, Inc.

Frontier Capital Management Co., LLC has filed an amended Schedule 13G, reporting a beneficial ownership of 5.79% in Stoneridge, Inc.'s common shares as of September 30, 2024.

Summary

• Frontier Capital Management Co., LLC, a Delaware-based investment adviser, has filed an Amendment No. 2 to its Schedule 13G regarding its beneficial ownership in Stoneridge, Inc.
• As of September 30, 2024, Frontier Capital Management beneficially owns an aggregate of 1,604,508 common shares of Stoneridge, Inc.
• This ownership represents 5.79% of the class of Stoneridge, Inc.'s common shares.
• The firm holds sole voting power over 1,125,985 shares and sole dispositive power over 1,604,508 shares.
• The filing confirms that the securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of the issuer.

Sentiment

Score: 5

Explanation: The document is a factual regulatory filing (Schedule 13G) reporting beneficial ownership. It contains no forward-looking statements, financial performance data, or qualitative assessments that would indicate a positive or negative sentiment. It is neutral and informational.

Future Outlook

NA

Industry Context

This filing reflects a routine disclosure of institutional ownership, common in the financial industry where investment advisers manage significant stakes in publicly traded companies. It indicates continued interest from a major investment firm in Stoneridge, Inc.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, which can influence market perception of the stock's stability and institutional interest.

Key Dates

Keywords

Stoneridge Inc., Frontier Capital Management, Schedule 13G, Beneficial Ownership, Common Shares, Investment Adviser, SEC Filing, SRI, Institutional Ownership