Elk Creek Partners LLC lifted its stake in Methode Electronics, Inc. (NYSE:MEI) by 17.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 242,576 shares of the electronics maker’s stock after purchasing an additional 36,272 shares during the quarter. Elk Creek Partners LLC owned 0.66% of Methode Electronics worth $10,273,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently added to or reduced their stakes in the company. Acrospire Investment Management LLC boosted its position in shares of Methode Electronics by 22.2% in the 2nd quarter. Acrospire Investment Management LLC now owns 2,751 shares of the electronics maker’s stock valued at $113,000 after purchasing an additional 500 shares during the period. Riverhead Capital Management LLC boosted its position in shares of Methode Electronics by 87.3% in the 2nd quarter. Riverhead Capital Management LLC now owns 2,996 shares of the electronics maker’s stock valued at $123,000 after purchasing an additional 1,396 shares during the period. Tower Research Capital LLC TRC acquired a new position in shares of Methode Electronics in the 2nd quarter valued at $132,000. Victory Capital Management Inc. boosted its position in shares of Methode Electronics by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 3,565 shares of the electronics maker’s stock valued at $147,000 after purchasing an additional 536 shares during the period. Finally, Quantbot Technologies LP acquired a new position in shares of Methode Electronics in the 2nd quarter valued at $156,000. Institutional investors and hedge funds own 90.04% of the company’s stock.

A number of brokerages have commented on MEI. B. Riley restated a “buy” rating on shares of Methode Electronics in a research report on Wednesday, November 1st. BidaskClub upgraded Methode Electronics from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 26th. Robert W. Baird restated a “buy” rating and set a $46.00 price objective on shares of Methode Electronics in a research report on Tuesday, October 17th. Zacks Investment Research lowered Methode Electronics from a “hold” rating to a “sell” rating in a research report on Wednesday, August 23rd. Finally, ValuEngine lowered Methode Electronics from a “buy” rating to a “hold” rating in a research report on Thursday, August 24th. One research analyst has rated the stock with a sell rating, four have issued a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $49.50.

Shares of Methode Electronics, Inc. (NYSE:MEI) opened at $46.70 on Friday. Methode Electronics, Inc. has a 1 year low of $36.05 and a 1 year high of $48.44. The company has a market capitalization of $1,719.03, a PE ratio of 18.10, a price-to-earnings-growth ratio of 1.21 and a beta of 0.77. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.81 and a current ratio of 4.32.

Methode Electronics (NYSE:MEI) last announced its quarterly earnings data on Thursday, August 31st. The electronics maker reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.12. The firm had revenue of $201.20 million during the quarter, compared to analyst estimates of $189.40 million. Methode Electronics had a return on equity of 18.11% and a net margin of 11.16%. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $0.57 EPS. equities analysts predict that Methode Electronics, Inc. will post 2.59 earnings per share for the current fiscal year.

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Methode Electronics Company Profile

Methode Electronics, Inc (Methode) is a manufacturer of component and subsystem devices. The Company designs, manufactures and markets devices employing electrical, radio remote control, electronic, wireless and sensing technologies. The Company operates through segments, including Automotive, Interface, Power Products and Other.

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Institutional Ownership by Quarter for Methode Electronics (NYSE:MEI)

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