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Usa Financial Portformulas Cut Stake in Methode Electrs (MEI) by $614,502 as Shares Declined; Covey Capital Advisors Has Boosted Its Lgi Homes (LGIH) Position by $768,000; Stock Price Rose

Covey Capital Advisors Llc increased its stake in Lgi Homes Inc (LGIH) by 156.4% based on its latest 2017Q3 regulatory filing with the SEC. Covey Capital Advisors Llc bought 16,000 shares as the company’s stock rose 12.47% with the market. The institutional investor held 26,230 shares of the capital goods company at the end of 2017Q3, valued at $1.27M, up from 10,230 at the end of the previous reported quarter. Covey Capital Advisors Llc who had been investing in Lgi Homes Inc for a number of months, seems to be bullish on the $1.29 billion market cap company. The stock increased 0.78% or $0.46 during the last trading session, reaching $59.51. About 500,275 shares traded or 31.93% up from the average. LGI Homes, Inc. (NASDAQ:LGIH) has risen 30.68% since February 11, 2017 and is uptrending. It has outperformed by 13.98% the S&P500.

Usa Financial Portformulas Corp decreased its stake in Methode Electrs Inc (MEI) by 49.36% based on its latest 2017Q3 regulatory filing with the SEC. Usa Financial Portformulas Corp sold 14,631 shares as the company’s stock declined 8.53% while stock markets rallied. The institutional investor held 15,010 shares of the capital goods company at the end of 2017Q3, valued at $636,000, down from 29,641 at the end of the previous reported quarter. Usa Financial Portformulas Corp who had been investing in Methode Electrs Inc for a number of months, seems to be less bullish one the $1.46B market cap company. The stock increased 0.92% or $0.35 during the last trading session, reaching $38.25. About 444,420 shares traded or 79.39% up from the average. Methode Electronics, Inc. (NYSE:MEI) has risen 40.98% since February 11, 2017 and is uptrending. It has outperformed by 24.28% the S&P500.

Usa Financial Portformulas Corp, which manages about $270.85M and $420.11 million US Long portfolio, upped its stake in Caterpillar Inc Del (NYSE:CAT) by 11,922 shares to 44,514 shares, valued at $5.55 million in 2017Q3, according to the filing. It also increased its holding in Wal (NYSE:WMT) by 14,756 shares in the quarter, for a total of 52,008 shares, and has risen its stake in Huntington Ingalls Inds Inc (NYSE:HII).

Analysts await Methode Electronics, Inc. (NYSE:MEI) to report earnings on March, 1. They expect $0.65 earnings per share, up 3.17% or $0.02 from last year’s $0.63 per share. MEI’s profit will be $24.83 million for 14.71 P/E if the $0.65 EPS becomes a reality. After $0.64 actual earnings per share reported by Methode Electronics, Inc. for the previous quarter, Wall Street now forecasts 1.56% EPS growth.

Among 3 analysts covering Methode Electronics (NYSE:MEI), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Methode Electronics had 11 analyst reports since September 4, 2015 according to SRatingsIntel. On Friday, September 2 the stock rating was downgraded by Craig Hallum to “Hold”. The stock of Methode Electronics, Inc. (NYSE:MEI) has “Buy” rating given on Friday, September 4 by Craig Hallum. Robert W. Baird maintained the stock with “Buy” rating in Thursday, September 21 report. The firm has “Buy” rating given on Friday, December 8 by Robert W. Baird. On Monday, October 16 the stock rating was maintained by Robert W. Baird with “Buy”. FBR Capital maintained Methode Electronics, Inc. (NYSE:MEI) on Tuesday, December 5 with “Buy” rating. As per Friday, June 24, the company rating was upgraded by Robert W. Baird. The firm earned “Outperform” rating on Friday, March 3 by FBR Capital. Robert W. Baird maintained the stock with “Buy” rating in Friday, June 23 report. FBR Capital maintained the shares of MEI in report on Friday, December 9 with “Outperform” rating.

Covey Capital Advisors Llc, which manages about $395.73M and $68.41M US Long portfolio, decreased its stake in Live Nation Entertainment In (NYSE:LYV) by 30,650 shares to 74,555 shares, valued at $3.25M in 2017Q3, according to the filing. It also reduced its holding in Hrg Group Inc (NYSE:HRG) by 61,250 shares in the quarter, leaving it with 73,906 shares, and cut its stake in Fedex Corp (NYSE:FDX).

Among 6 analysts covering LGI Homes (NASDAQ:LGIH), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. LGI Homes had 16 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of LGI Homes, Inc. (NASDAQ:LGIH) earned “Hold” rating by Wedbush on Wednesday, November 8. As per Tuesday, December 6, the company rating was initiated by Wedbush. On Friday, January 6 the stock rating was downgraded by Wells Fargo to “Market Perform”. The rating was upgraded by Zacks on Friday, August 7 to “Hold”. The rating was downgraded by Wells Fargo on Monday, February 6 to “Underperform”. Wells Fargo upgraded LGI Homes, Inc. (NASDAQ:LGIH) on Tuesday, May 16 to “Market Perform” rating. The stock of LGI Homes, Inc. (NASDAQ:LGIH) earned “Neutral” rating by JP Morgan on Wednesday, August 9. Wells Fargo initiated LGI Homes, Inc. (NASDAQ:LGIH) on Thursday, September 29 with “Outperform” rating. The firm earned “Neutral” rating on Tuesday, October 3 by Wedbush. The stock of LGI Homes, Inc. (NASDAQ:LGIH) has “Buy” rating given on Tuesday, December 29 by Sidoti.

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