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Contravisory Investment Management Stake in Progressive Ohio (PGR) Cut as Stock Price Declined; As Universal Electronics (UEIC) Market Value Declined, Wellington Shields Capital Management Has Lifted Position – The Financial Examiner

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Wellington Shields Capital Management Llc increased its stake in Universal Electronics (UEIC) by 41.43% based on its latest 2018Q3 regulatory filing with the SEC. Wellington Shields Capital Management Llc bought 19,590 shares as the company’s stock declined 25.09% with the market. The institutional investor held 66,870 shares of the consumer electronics and appliances company at the end of 2018Q3, valued at $2.63 million, up from 47,280 at the end of the previous reported quarter. Wellington Shields Capital Management Llc who had been investing in Universal Electronics for a number of months, seems to be bullish on the $339.13M market cap company. The stock increased 2.06% or $0.5 during the last trading session, reaching $24.57. About 156,443 shares traded or 67.04% up from the average. Universal Electronics Inc. (NASDAQ:UEIC) has declined 39.07% since December 28, 2017 and is downtrending. It has underperformed by 39.07% the S&P500. Some Historical UEIC News: 23/04/2018 – UNIVERSAL ELECTRONICS IN PACT TO SELL GEMSTAR CHINA INTEREST; 22/05/2018 – Universal Electronics Presenting at Conference Jun 5; 03/05/2018 – Universal Electronics Sees 2Q Loss/Shr 18c-Loss 28c; 23/05/2018 – Universal Electronics Presenting at Conference Tomorrow; 29/05/2018 – Consolidated Research: 2018 Summary Expectations for WSFS Financial, Universal Electronics, Quanex Building Products, Envestnet; 03/05/2018 – Universal Electronics 1Q Adj EPS 62c; 11/05/2018 – Universal Electronics Presenting at Conference May 24; 23/04/2018 – UNIVERSAL ELECTRONICS – C.G. DEVELOPMENT LIMITED TO SELL ITS OWNERSHIP INTEREST IN GEMSTAR TECHNOLOGY (CHINA) TO GUANGZHOU MUXIA HOTEL MANAGEMENT; 03/05/2018 – Universal Electronics Sees 2Q Adj EPS 35c-Adj EPS 45c; 19/04/2018 DJ Universal Electronics Inc, Inst Holders, 1Q 2018 (UEIC)

Contravisory Investment Management Inc decreased its stake in Progressive Corp Ohio (PGR) by 4.73% based on its latest 2018Q3 regulatory filing with the SEC. Contravisory Investment Management Inc sold 5,286 shares as the company’s stock declined 6.11% with the market. The institutional investor held 106,446 shares of the property-casualty insurers company at the end of 2018Q3, valued at $7.56 million, down from 111,732 at the end of the previous reported quarter. Contravisory Investment Management Inc who had been investing in Progressive Corp Ohio for a number of months, seems to be less bullish one the $34.88 billion market cap company. The stock decreased 0.66% or $0.4 during the last trading session, reaching $59.8. About 1.74M shares traded. The Progressive Corporation (NYSE:PGR) has risen 16.75% since December 28, 2017 and is uptrending. It has outperformed by 16.75% the S&P500. Some Historical PGR News: 09/03/2018 – Fitch Rates The Progressive Corporation’s Preferred Shares ‘BBB+’ and Senior Notes ‘A’; 17/04/2018 – Progressive 1Q Rev $7.43B; 14/03/2018 – Progressive February Net Premiums Written $2.7; 17/04/2018 – Progressive 1Q Net Premiums Earned $7.17B, Up 19%; 12/03/2018 – FEDEX CORP – GRIFFITH CURRENTLY SERVES AS PRESIDENT & CEO & DIRECTOR OF PROGRESSIVE CORPORATION; 14/03/2018 – PROGRESSIVE FEB. COMBINED RATIO 87.8% :PGR US; 17/04/2018 – PROGRESSIVE 1Q NET PREMIUMS EARNED $7.17B; 17/04/2018 – Progressive 1Q Net Premiums Written $7.97B, Up 23%; 17/04/2018 – PROGRESSIVE MARCH NET PREMIUMS EARNED $2.28B :PGR US; 03/05/2018 – Progressive Offers Reporters Updated Newsroom

More recent The Progressive Corporation (NYSE:PGR) news were published by: Fool.com which released: “Year in Review: Best CEOs, IPOs, and More – The Motley Fool” on December 27, 2018. Also Investorplace.com published the news titled: “10 High-Growth Stocks With Strong Fundamentals – Investorplace.com” on December 07, 2018. Benzinga.com‘s news article titled: “Progressive Corporation (The) (NYSE:PGR), Ryder System, Inc. (NYSE:R) – Insurers Get Behind In-Cab Video Systems, Even If Drivers Don’t Always Want To – Benzinga” with publication date: December 18, 2018 was also an interesting one.

Analysts await The Progressive Corporation (NYSE:PGR) to report earnings on January, 23. They expect $0.99 earnings per share, up 25.32% or $0.20 from last year’s $0.79 per share. PGR’s profit will be $577.36 million for 15.10 P/E if the $0.99 EPS becomes a reality. After $1.57 actual earnings per share reported by The Progressive Corporation for the previous quarter, Wall Street now forecasts -36.94% negative EPS growth.

Investors sentiment decreased to 1.07 in Q3 2018. Its down 0.32, from 1.39 in 2018Q2. It turned negative, as 39 investors sold PGR shares while 217 reduced holdings. 81 funds opened positions while 193 raised stakes. 447.91 million shares or 0.37% less from 449.60 million shares in 2018Q2 were reported. Soros Fund Mgmt Ltd Co holds 0.13% of its portfolio in The Progressive Corporation (NYSE:PGR) for 80,982 shares. Guardian Capital Lp owns 5,573 shares. Bogle Invest Management LP De reported 228,198 shares stake. Meiji Yasuda Asset Mgmt Limited holds 0.17% or 30,147 shares in its portfolio. 11,455 are owned by Cypress Cap Mgmt Llc (Wy). First Business Fin Svcs holds 0.15% of its portfolio in The Progressive Corporation (NYSE:PGR) for 13,217 shares. Chevy Chase has invested 0.14% in The Progressive Corporation (NYSE:PGR). Horizon Inv Serv Limited Liability Corp holds 2.81% or 75,678 shares. California-based Capital Research Global Invsts has invested 0.04% in The Progressive Corporation (NYSE:PGR). Moreover, 1832 Asset Management Ltd Partnership has 0.37% invested in The Progressive Corporation (NYSE:PGR) for 1.61 million shares. 138,890 were accumulated by Shell Asset. Mitsubishi Ufj Securities Hldgs holds 600 shares. Clarivest Asset Lc holds 458,810 shares or 0.58% of its portfolio. Weik Capital Management reported 111,830 shares. Cim Limited Com holds 0.11% or 4,315 shares.

Since July 17, 2018, it had 0 insider purchases, and 8 sales for $10.44 million activity. Broz Steven sold $137,724 worth of stock. Griffith Susan Patricia sold $808,164 worth of The Progressive Corporation (NYSE:PGR) on Thursday, August 16. Murphy John Jo had sold 7,503 shares worth $452,296 on Tuesday, July 17. 50,000 shares were sold by Barbagallo John A, worth $3.40 million. Another trade for 50,000 shares valued at $3.35 million was made by CODY WILLIAM M on Monday, August 20.

Contravisory Investment Management Inc, which manages about $746.49M and $278.51 million US Long portfolio, upped its stake in Hunt J B Trans Svcs Inc (NASDAQ:JBHT) by 2,878 shares to 2,909 shares, valued at $346,000 in 2018Q3, according to the filing. It also increased its holding in Universal Hlth Svcs Inc (NYSE:UHS) by 33,191 shares in the quarter, for a total of 35,954 shares, and has risen its stake in Hormel Foods Corp (NYSE:HRL).

Among 21 analysts covering Progressive (NYSE:PGR), 11 have Buy rating, 2 Sell and 8 Hold. Therefore 52% are positive. Progressive had 83 analyst reports since August 6, 2015 according to SRatingsIntel. Citigroup maintained The Progressive Corporation (NYSE:PGR) rating on Thursday, August 17. Citigroup has “Neutral” rating and $50 target. On Friday, August 11 the stock rating was maintained by Barclays Capital with “Underweight”. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Tuesday, October 17. The stock of The Progressive Corporation (NYSE:PGR) earned “Hold” rating by Wells Fargo on Wednesday, August 16. The firm earned “Hold” rating on Thursday, May 18 by Deutsche Bank. The stock of The Progressive Corporation (NYSE:PGR) has “Neutral” rating given on Thursday, August 16 by Citigroup. The firm has “Equal-Weight” rating given on Thursday, January 5 by Morgan Stanley. Citigroup maintained it with “Neutral” rating and $46 target in Thursday, July 13 report. Sterne Agee CRT initiated the shares of PGR in report on Monday, September 21 with “Neutral” rating. The rating was maintained by FBR Capital on Tuesday, July 11 with “Hold”.

Wellington Shields Capital Management Llc, which manages about $901.02 million and $620.02M US Long portfolio, decreased its stake in Granite Construction Co. (NYSE:GVA) by 42,585 shares to 10,450 shares, valued at $478,000 in 2018Q3, according to the filing. It also reduced its holding in Knowles Corp (NYSE:KN) by 49,500 shares in the quarter, leaving it with 51,583 shares, and cut its stake in Intel Corp (NASDAQ:INTC).

Investors sentiment decreased to 1 in 2018 Q3. Its down 0.13, from 1.13 in 2018Q2. It turned negative, as 10 investors sold UEIC shares while 38 reduced holdings. 16 funds opened positions while 32 raised stakes. 11.46 million shares or 5.56% less from 12.14 million shares in 2018Q2 were reported. Geode Cap Mgmt Ltd Liability accumulated 151,973 shares or 0% of the stock. Savings Bank Of New York Mellon Corp holds 170,061 shares. Mutual Of America Management Llc holds 0% or 263 shares. Barclays Public Limited Company, United Kingdom-based fund reported 21,859 shares. Moreover, California Pub Employees Retirement System has 0% invested in Universal Electronics Inc. (NASDAQ:UEIC) for 31,298 shares. Dimensional Fund Advsrs Lp holds 0.01% of its portfolio in Universal Electronics Inc. (NASDAQ:UEIC) for 886,845 shares. Rhumbline Advisers owns 0% invested in Universal Electronics Inc. (NASDAQ:UEIC) for 34,602 shares. State Board Of Administration Of Florida Retirement holds 0% in Universal Electronics Inc. (NASDAQ:UEIC) or 8,846 shares. Us Natl Bank De has invested 0% in Universal Electronics Inc. (NASDAQ:UEIC). Foundry Limited Liability Company invested in 0.31% or 210,295 shares. Pnc Finance Grp Inc Incorporated accumulated 767 shares. Louisiana State Employees Retirement stated it has 6,100 shares or 0.01% of all its holdings. 13,478 were reported by Comerica Bancorp. Fmr reported 0% stake. American International Grp has 0% invested in Universal Electronics Inc. (NASDAQ:UEIC).

Among 7 analysts covering Universal Electronics Inc. (NASDAQ:UEIC), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Universal Electronics Inc. had 17 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Universal Electronics Inc. (NASDAQ:UEIC) has “Hold” rating given on Friday, May 4 by FBR Capital. The stock has “Buy” rating by Sidoti on Friday, July 22. Piper Jaffray downgraded the stock to “Hold” rating in Friday, May 4 report. B. Riley & Co maintained the stock with “Hold” rating in Saturday, August 8 report. The company was maintained on Friday, August 4 by Piper Jaffray. As per Friday, May 5, the company rating was downgraded by Lake Street. The stock of Universal Electronics Inc. (NASDAQ:UEIC) earned “Buy” rating by FBR Capital on Friday, November 9. On Monday, November 7 the stock rating was upgraded by B. Riley & Co to “Buy”. B Riley maintained the shares of UEIC in report on Friday, August 7 with “Neutral” rating. The firm earned “Neutral” rating on Thursday, March 10 by Sidoti.

Since September 25, 2018, it had 0 insider buys, and 3 insider sales for $336,569 activity. FIREHAMMER RICHARD A JR had sold 4,032 shares worth $161,569.

More notable recent Universal Electronics Inc. (NASDAQ:UEIC) news were published by: Businesswire.com which released: “Universal Electronics Reports First Quarter 2018 Financial Results – Business Wire” on May 03, 2018, also Seekingalpha.com with their article: “Universal Electronics -31% on earnings miss – Seeking Alpha” published on May 04, 2018, Globenewswire.com published: “Research Report Identifies Equinix, Universal Electronics, LHC Group, Cohbar, Amgen, and Aetna with Renewed Outlook — Fundamental Analysis, Calculating Forward Movement – GlobeNewswire” on November 29, 2018. More interesting news about Universal Electronics Inc. (NASDAQ:UEIC) were released by: Fool.com and their article: “Universal Electronics Inc (UEIC) Q3 2018 Earnings Conference Call Transcript – The Motley Fool” published on November 08, 2018 as well as Businesswire.com‘s news article titled: “Universal Electronics to Present at the 15th Annual Imperial Capital Security Investor Conference – Business Wire” with publication date: December 04, 2018.

Universal Electronics Inc. (NASDAQ:UEIC) Institutional Positions Chart

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