Alyeska Investment Group LP Decreased Mohawk Inds INC (MHK) Position as Valuation Rose

February 22, 2018 - By Vivian Park

Investors sentiment increased to 1.1 in Q3 2017. Its up 0.01, from 1.09 in 2017Q2. It improved, as 27 investors sold MHK shares while 171 reduced holdings. 59 funds opened positions while 158 raised stakes. 55.82 million shares or 0.01% less from 55.83 million shares in 2017Q2 were reported. Dupont Cap Mgmt has 51,944 shares for 0.29% of their portfolio. Raymond James And invested in 121,587 shares or 0.06% of the stock. Pggm Investments holds 64,201 shares or 0.08% of its portfolio. Kepos Cap Limited Partnership invested 0.07% in Mohawk Industries, Inc. (NYSE:MHK). Caldwell Orkin stated it has 3,800 shares or 0.96% of all its holdings. 14,200 are owned by Andra Ap. San Francisco Sentry Invest Group Inc (Ca) has invested 0% in Mohawk Industries, Inc. (NYSE:MHK). New York-based Mathes Inc has invested 1.7% in Mohawk Industries, Inc. (NYSE:MHK). Prudential Fincl, a New Jersey-based fund reported 88,875 shares. Polar Asset Mgmt Partners has invested 0.42% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK). Janney Montgomery Scott Ltd Liability Company holds 3,986 shares. Fenimore Asset holds 141,559 shares or 1.41% of its portfolio. Proshare Ltd Limited Liability Company invested in 5,865 shares. Rainier Mgmt Limited Com owns 27,020 shares for 1.58% of their portfolio. Pennsylvania Company invested 0.04% in Mohawk Industries, Inc. (NYSE:MHK).

Since September 5, 2017, it had 1 insider buy, and 2 insider sales for $7.09 million activity. LORBERBAUM JEFFREY S sold $5.02M worth of Mohawk Industries, Inc. (NYSE:MHK) on Tuesday, September 5. RUNGE WILLIAM HENRY III had bought 500 shares worth $125,435.

Anand Parekh decreased its stake in Mohawk Inds Inc (MHK) by 12.85% based on its latest 2017Q3 regulatory filing with the SEC. Alyeska Investment Group Lp sold 66,948 shares as the company’s stock rose 3.82% with the market. The hedge fund run by Anand Parekh held 453,904 shares of the consumer durables company at the end of 2017Q3, valued at $112.35M, down from 520,852 at the end of the previous reported quarter. Alyeska Investment Group Lp who had been investing in Mohawk Inds Inc for a number of months, seems to be less bullish one the $18.48B market cap company. The stock increased 0.91% or $2.25 during the last trading session, reaching $248.65. About 223,642 shares traded. Mohawk Industries, Inc. (NYSE:MHK) has risen 20.32% since February 22, 2017 and is uptrending. It has outperformed by 3.62% the S&P500.

Alyeska Investment Group Lp, which manages about $3.14 billion and $12.39 billion US Long portfolio, upped its stake in Sunopta Inc (NASDAQ:STKL) by 381,000 shares to 2.20 million shares, valued at $19.12M in 2017Q3, according to the filing. It also increased its holding in Caterpillar Inc Del (NYSE:CAT) by 233,693 shares in the quarter, for a total of 657,547 shares, and has risen its stake in Intercontinental Exchange In (NYSE:ICE).

Analysts await Mohawk Industries, Inc. (NYSE:MHK) to report earnings on April, 26. They expect $3.01 EPS, up 10.66 % or $0.29 from last year’s $2.72 per share. MHK’s profit will be $223.76M for 20.65 P/E if the $3.01 EPS becomes a reality. After $3.42 actual EPS reported by Mohawk Industries, Inc. for the previous quarter, Wall Street now forecasts -11.99 % negative EPS growth.

More recent Mohawk Industries, Inc. (NYSE:MHK) news were published by: Streetinsider.com which released: “Form 4 MOHAWK INDUSTRIES INC For: Feb 16 Filed by: WELLBORN CHISTOPHER” on February 20, 2018. Also Timesfreepress.com published the news titled: “Mohawk Industries to buy Australia’s biggest carpet company” on November 20, 2017. Seekingalpha.com‘s news article titled: “Floored By Mohawk Industries” with publication date: January 31, 2018 was also an interesting one.

Mohawk Industries, Inc. (NYSE:MHK) Ratings Coverage

Among 19 analysts covering Mohawk (NYSE:MHK), 16 have Buy rating, 0 Sell and 3 Hold. Therefore 84% are positive. Mohawk had 48 analyst reports since August 10, 2015 according to SRatingsIntel. Bank of America initiated the stock with “Neutral” rating in Friday, September 23 report. On Friday, July 28 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock has “Buy” rating by RBC Capital Markets on Monday, June 19. The stock has “Buy” rating by Jefferies on Wednesday, January 17. The firm has “Overweight” rating by Barclays Capital given on Friday, January 6. Nomura maintained it with “Buy” rating and $300 target in Friday, October 27 report. The rating was maintained by RBC Capital Markets on Monday, July 31 with “Buy”. Goldman Sachs initiated the stock with “Buy” rating in Tuesday, October 6 report. On Monday, August 10 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was maintained by RBC Capital Markets on Tuesday, November 14 with “Buy”.

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