Citadel Advisors LLC raised its holdings in shares of Methode Electronics, Inc. (NYSE:MEI) by 96.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,498 shares of the electronics maker’s stock after acquiring an additional 20,359 shares during the quarter. Citadel Advisors LLC owned approximately 0.11% of Methode Electronics worth $1,757,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Acrospire Investment Management LLC grew its stake in Methode Electronics by 22.2% during the 2nd quarter. Acrospire Investment Management LLC now owns 2,751 shares of the electronics maker’s stock valued at $113,000 after acquiring an additional 500 shares in the last quarter. Riverhead Capital Management LLC grew its stake in Methode Electronics by 87.3% during the 2nd quarter. Riverhead Capital Management LLC now owns 2,996 shares of the electronics maker’s stock valued at $123,000 after acquiring an additional 1,396 shares in the last quarter. Tower Research Capital LLC TRC purchased a new position in Methode Electronics during the 2nd quarter valued at about $132,000. Victory Capital Management Inc. grew its stake in Methode Electronics by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 3,565 shares of the electronics maker’s stock valued at $147,000 after acquiring an additional 536 shares in the last quarter. Finally, Quantbot Technologies LP purchased a new position in Methode Electronics during the 2nd quarter valued at about $156,000. 89.95% of the stock is currently owned by institutional investors.

Shares of Methode Electronics, Inc. (MEI) traded down $0.20 during trading on Wednesday, hitting $45.50. The stock had a trading volume of 189,800 shares, compared to its average volume of 216,168. The firm has a market cap of $1,682.22, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 1.18 and a beta of 0.76. The company has a current ratio of 4.32, a quick ratio of 3.81 and a debt-to-equity ratio of 0.08. Methode Electronics, Inc. has a fifty-two week low of $36.05 and a fifty-two week high of $48.44.

MEI has been the subject of several research reports. B. Riley reiterated a “buy” rating on shares of Methode Electronics in a report on Wednesday, November 1st. Zacks Investment Research upgraded Methode Electronics from a “hold” rating to a “strong-buy” rating and set a $54.00 price target for the company in a report on Tuesday, November 7th. Robert W. Baird reiterated a “buy” rating and set a $46.00 price target on shares of Methode Electronics in a report on Tuesday, October 17th. ValuEngine upgraded Methode Electronics from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Finally, FBR & Co reiterated a “buy” rating on shares of Methode Electronics in a report on Thursday, August 31st. One research analyst has rated the stock with a sell rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $49.50.

TRADEMARK VIOLATION WARNING: “Methode Electronics, Inc. (MEI) Shares Bought by Citadel Advisors LLC” was first published by Watch List News and is the property of of Watch List News. If you are accessing this article on another domain, it was illegally copied and republished in violation of United States & international copyright and trademark legislation. The correct version of this article can be read at https://www.watchlistnews.com/methode-electronics-inc-mei-shares-bought-by-citadel-advisors-llc/1747623.html.

Methode Electronics 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.

Want to see what other hedge funds are holding MEI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Methode Electronics, Inc. (NYSE:MEI).

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

Receive News & Ratings for Methode Electronics Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Methode Electronics Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.