Aviance Capital Partners LLC raised its holdings in Methode Electronics, Inc. (NYSE:MEI - Free Report) by 188.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 163,162 shares of the electronics maker's stock after purchasing an additional 106,568 shares during the quarter. Aviance Capital Partners LLC owned 0.46% of Methode Electronics worth $1,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently bought and sold shares of MEI. Bank of New York Mellon Corp lifted its holdings in Methode Electronics by 15.3% during the 4th quarter. Bank of New York Mellon Corp now owns 312,251 shares of the electronics maker's stock worth $3,681,000 after purchasing an additional 41,387 shares in the last quarter. Inceptionr LLC purchased a new stake in Methode Electronics during the 4th quarter worth about $222,000. AlphaQuest LLC raised its holdings in shares of Methode Electronics by 196.8% in the 4th quarter. AlphaQuest LLC now owns 4,509 shares of the electronics maker's stock valued at $53,000 after acquiring an additional 2,990 shares in the last quarter. Essex Investment Management Co. LLC purchased a new stake in shares of Methode Electronics in the 4th quarter valued at about $1,445,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Methode Electronics by 51.3% in the 4th quarter. Connor Clark & Lunn Investment Management Ltd. now owns 56,212 shares of the electronics maker's stock valued at $663,000 after acquiring an additional 19,051 shares in the last quarter. Institutional investors own 95.49% of the company's stock.
Methode Electronics Price Performance
Shares of NYSE:MEI traded up $0.02 on Monday, hitting $10.06. The company's stock had a trading volume of 310,133 shares, compared to its average volume of 419,961. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.84 and a quick ratio of 1.75. The company has a market capitalization of $359.04 million, a PE ratio of -3.85 and a beta of 1.01. The company has a 50-day simple moving average of $8.12 and a 200 day simple moving average of $8.82. Methode Electronics, Inc. has a 1 year low of $5.08 and a 1 year high of $17.45.
Wall Street Analysts Forecast Growth
Separately, Robert W. Baird lowered their price target on Methode Electronics from $9.00 to $7.00 and set a "neutral" rating on the stock in a report on Tuesday, April 15th.
Read Our Latest Report on MEI
About Methode Electronics
(
Free Report)
Methode Electronics, Inc designs, engineers, and produces mechatronic products worldwide. It operates through four segments: Automotive, Industrial, Interface, and Medical. The Automotive segment supplies electronic and electro-mechanical devices, and related products to automobile original equipment manufacturers directly or through their tiered suppliers.
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