Punch & Associates Investment Management Lowered Its Mesa Labs (MLAB) Holding as Stock Price Rose; South Street Advisors Position In Pulte Group (PHM) Was Lifted

November 15, 2017 - By Ellis Scott

South Street Advisors Llc increased its stake in Pulte Group Inc (PHM) by 1010.11% based on its latest 2017Q2 regulatory filing with the SEC. South Street Advisors Llc bought 406,770 shares as the company’s stock rose 8.08% with the market. The institutional investor held 447,040 shares of the capital goods company at the end of 2017Q2, valued at $10.97 million, up from 40,270 at the end of the previous reported quarter. South Street Advisors Llc who had been investing in Pulte Group Inc for a number of months, seems to be bullish on the $9.34 billion market cap company. The stock increased 0.70% or $0.22 during the last trading session, reaching $31.77. About shares traded. PulteGroup, Inc. (NYSE:PHM) has risen 30.02% since November 15, 2016 and is uptrending. It has outperformed by 13.32% the S&P500.




Punch & Associates Investment Management Inc decreased its stake in Mesa Labs Inc (MLAB) by 43.3% based on its latest 2017Q2 regulatory filing with the SEC. Punch & Associates Investment Management Inc sold 8,104 shares as the company’s stock rose 18.16% with the market. The hedge fund held 10,610 shares of the capital goods company at the end of 2017Q2, valued at $1.52 million, down from 18,714 at the end of the previous reported quarter. Punch & Associates Investment Management Inc who had been investing in Mesa Labs Inc for a number of months, seems to be less bullish one the $492.16 million market cap company. The stock increased 2.50% or $3.17 during the last trading session, reaching $130.21. About shares traded. Mesa Laboratories, Inc. (NASDAQ:MLAB) has risen 44.42% since November 15, 2016 and is uptrending. It has outperformed by 27.72% the S&P500.

More notable recent Mesa Laboratories, Inc. (NASDAQ:MLAB) news were published by: Streetinsider.com which released: “Mesa Laboratories (MLAB) Acquires Certain FreshLoc Technologies Assets” on November 07, 2016, also Globenewswire.com with their article: “Mesa Labs Reports Record Net Income and Adjusted Net Income” published on June 07, 2017, Globenewswire.com published: “Mesa Labs Acquires Sterilization and Disinfection Process Control Business” on November 08, 2017. More interesting news about Mesa Laboratories, Inc. (NASDAQ:MLAB) were released by: Nasdaq.com and their article: “The Zacks Analyst Blog Highlights: PRA Health Sciences, Mesa Laboratories …” published on October 06, 2017 as well as Globenewswire.com‘s news article titled: “Mesa Labs Acquires Additional Dental Sterilizer Testing Business” with publication date: November 04, 2016.

Investors sentiment decreased to 1.06 in Q2 2017. Its down 0.44, from 1.5 in 2017Q1. It dived, as 4 investors sold MLAB shares while 29 reduced holdings. 9 funds opened positions while 26 raised stakes. 2.36 million shares or 5.72% more from 2.23 million shares in 2017Q1 were reported. Moreover, American Gp has 0% invested in Mesa Laboratories, Inc. (NASDAQ:MLAB) for 1,983 shares. Ranger Invest Management LP has 10,120 shares. Moreover, Voya Inv Mgmt Ltd Limited Liability Company has 0% invested in Mesa Laboratories, Inc. (NASDAQ:MLAB) for 1,545 shares. Credit Suisse Ag reported 2,236 shares. California State Teachers Retirement System has invested 0% in Mesa Laboratories, Inc. (NASDAQ:MLAB). Moreover, Nationwide Fund Advsr has 0% invested in Mesa Laboratories, Inc. (NASDAQ:MLAB) for 1,707 shares. California Pub Employees Retirement holds 0% of its portfolio in Mesa Laboratories, Inc. (NASDAQ:MLAB) for 10,200 shares. Parametric Associate Ltd Liability Co stated it has 0% of its portfolio in Mesa Laboratories, Inc. (NASDAQ:MLAB). Martingale Asset LP reported 0.02% in Mesa Laboratories, Inc. (NASDAQ:MLAB). Conestoga Cap Advsr Ltd Limited Liability Company has 2.63% invested in Mesa Laboratories, Inc. (NASDAQ:MLAB). Invesco holds 0% or 7,483 shares. Victory Cap Mngmt reported 131,888 shares stake. Great West Life Assurance Can has 0% invested in Mesa Laboratories, Inc. (NASDAQ:MLAB) for 400 shares. Alliancebernstein Limited Partnership invested 0% of its portfolio in Mesa Laboratories, Inc. (NASDAQ:MLAB). Royal Bankshares Of Canada, Ontario – Canada-based fund reported 2,729 shares.

Analysts await Mesa Laboratories, Inc. (NASDAQ:MLAB) to report earnings on February, 1. They expect $0.61 earnings per share, down 48.74% or $0.58 from last year’s $1.19 per share. MLAB’s profit will be $2.31M for 53.36 P/E if the $0.61 EPS becomes a reality. After $0.60 actual earnings per share reported by Mesa Laboratories, Inc. for the previous quarter, Wall Street now forecasts 1.67% EPS growth.

Since June 9, 2017, it had 0 insider purchases, and 3 insider sales for $2.29 million activity. Another trade for 11,150 shares valued at $1.55 million was sold by Dwyer Robert V. KELLY DAVID M also sold $142,000 worth of Mesa Laboratories, Inc. (NASDAQ:MLAB) on Monday, June 12.

Punch & Associates Investment Management Inc, which manages about $832.72 million and $1.07 billion US Long portfolio, upped its stake in Red Lion Hotels Corp (NYSE:RLH) by 56,400 shares to 679,000 shares, valued at $4.99 million in 2017Q2, according to the filing. It also increased its holding in Ncr Corp New (NYSE:NCR) by 12,565 shares in the quarter, for a total of 93,438 shares, and has risen its stake in Volt Information Sciences In (NYSEMKT:VISI).

More recent PulteGroup, Inc. (NYSE:PHM) news were published by: Gurufocus.com which released: “Paul Singer Buys NXP Semiconductors NV, Ocean Rig UDW Inc, Peabody Energy Corp …” on November 15, 2017. Also Globenewswire.com published the news titled: “The Detroit Free Press Names Pultegroup’s Michigan Division a Winner of the …” on November 07, 2017. Nasdaq.com‘s news article titled: “PulteGroup, Inc. Announces 22% Gain In Q3 Earnings” with publication date: October 24, 2017 was also an interesting one.

Since June 6, 2017, it had 0 insider purchases, and 1 insider sale for $324,520 activity.

Investors sentiment decreased to 0.91 in 2017 Q2. Its down 0.31, from 1.22 in 2017Q1. It fall, as 35 investors sold PHM shares while 170 reduced holdings. 56 funds opened positions while 130 raised stakes. 249.89 million shares or 6.67% less from 267.74 million shares in 2017Q1 were reported. Regentatlantic Ltd Limited Liability Company accumulated 49,859 shares or 0.11% of the stock. Mason Street Advsr Ltd Liability reported 0.02% of its portfolio in PulteGroup, Inc. (NYSE:PHM). Ahl Llp holds 0.05% in PulteGroup, Inc. (NYSE:PHM) or 104,189 shares. Hartford Communications accumulated 62,464 shares or 0.03% of the stock. Savings Bank Of America Corp De owns 4.49 million shares for 0.02% of their portfolio. Chase Counsel owns 176,949 shares or 2.11% of their US portfolio. Lpl Limited Liability Com has invested 0.01% of its portfolio in PulteGroup, Inc. (NYSE:PHM). Pitcairn stated it has 33,523 shares or 0.1% of all its holdings. Stevens LP reported 291,244 shares. Cibc Asset holds 30,331 shares. Commonwealth Of Pennsylvania Public School Empls Retrmt System holds 0.01% in PulteGroup, Inc. (NYSE:PHM) or 21,096 shares. First Republic Inv Mgmt Incorporated owns 21,873 shares or 0% of their US portfolio. Oppenheimer Asset stated it has 23,215 shares or 0.02% of all its holdings. 1.39M are held by Factory Mutual Ins Co. Sterling Cap Mngmt Ltd Liability reported 2.34 million shares.

Among 21 analysts covering PulteGroup (NYSE:PHM), 7 have Buy rating, 2 Sell and 12 Hold. Therefore 33% are positive. PulteGroup had 56 analyst reports since September 11, 2015 according to SRatingsIntel. The stock of PulteGroup, Inc. (NYSE:PHM) has “Underperform” rating given on Wednesday, March 16 by Bank of America. The rating was upgraded by JP Morgan to “Overweight” on Friday, July 22. The rating was downgraded by Sterne Agee CRT on Tuesday, December 22 to “Neutral”. The firm has “Neutral” rating given on Wednesday, October 25 by Mizuho. The stock of PulteGroup, Inc. (NYSE:PHM) earned “Outperform” rating by RBC Capital Markets on Friday, January 27. The stock has “Buy” rating by Bank of America on Wednesday, October 25. Citigroup downgraded the shares of PHM in report on Friday, October 20 to “Sell” rating. The stock has “Buy” rating by RBC Capital Markets on Monday, June 19. Raymond James downgraded the stock to “Market Perform” rating in Monday, April 25 report. FBR Capital maintained the shares of PHM in report on Friday, October 21 with “Mkt Perform” rating.

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