Hitchwood Capital Management LP Has Boosted Its Stake in Mohawk Inds INC (MHK) by $19.90 Million as Share Price Rose

July 18, 2017 - By wolcottdaily

Investors sentiment increased to 1.21 in Q4 2016. Its up 0.03, from 1.18 in 2016Q3. It improved, as 54 investors sold MHK shares while 150 reduced holdings. 73 funds opened positions while 174 raised stakes. 55.54 million shares or 0.14% more from 55.46 million shares in 2016Q3 were reported. Capstone Investment Advsr holds 0.18% in Mohawk Industries, Inc. (NYSE:MHK) or 28,508 shares. Alyeska Investment Group Limited Partnership has 572,534 shares. Citigroup invested 0% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK). Suntrust Banks holds 0% or 2,664 shares. Macquarie Grp Limited stated it has 0% in Mohawk Industries, Inc. (NYSE:MHK). Cibc Ww Mkts Corporation owns 4,369 shares. Columbia Asset Mngmt reported 2,174 shares stake. Cypress Cap Limited Liability Corporation (Wy) accumulated 200 shares. Bp Plc accumulated 8,000 shares. Allstate has 20,933 shares. Horizon Kinetics Ltd Limited Liability Company has invested 0.01% in Mohawk Industries, Inc. (NYSE:MHK). Advsrs Asset Mgmt Inc owns 0.16% invested in Mohawk Industries, Inc. (NYSE:MHK) for 48,958 shares. Jennison Associates Lc reported 8,270 shares. Gulf International Bancorporation (Uk) Ltd has invested 0.06% in Mohawk Industries, Inc. (NYSE:MHK). Geode Cap Mngmt Limited Com has 0.05% invested in Mohawk Industries, Inc. (NYSE:MHK) for 549,978 shares.

Since February 14, 2017, it had 0 insider buys, and 18 sales for $16.19 million activity. 2,775 shares valued at $623,483 were sold by Turner John C JR on Thursday, February 23. On Wednesday, March 1 the insider Carson Brian sold $282,526. Another trade for 20,000 shares valued at $4.46 million was made by LORBERBAUM JEFFREY S on Tuesday, February 14. WELLBORN CHISTOPHER sold $2.16M worth of stock. Thiers Bernard also sold $927,120 worth of Mohawk Industries, Inc. (NYSE:MHK) shares. Boykin Frank H had sold 4,660 shares worth $1.08 million.

Hitchwood Capital Management Lp increased its stake in Mohawk Inds Inc (MHK) by 16.67% based on its latest 2016Q4 regulatory filing with the SEC. Hitchwood Capital Management Lp bought 100,000 shares as the company’s stock rose 3.82% with the market. The institutional investor held 700,000 shares of the consumer durables company at the end of 2016Q4, valued at $139.78M, up from 600,000 at the end of the previous reported quarter. Hitchwood Capital Management Lp who had been investing in Mohawk Inds Inc for a number of months, seems to be bullish on the $18.49 billion market cap company. It closed at $248.19 lastly. It is down 20.32% since July 18, 2016 and is uptrending. It has outperformed by 3.62% the S&P500.

Hitchwood Capital Management Lp, which manages about $657.83M and $2.89 billion US Long portfolio, decreased its stake in Visa Inc (NYSE:V) by 1.30 million shares to 700,000 shares, valued at $54.61 million in 2016Q4, according to the filing. It also reduced its holding in Spdr S&P 500 Etf Tr (Put) (SPY) by 921,000 shares in the quarter, leaving it with 371,000 shares, and cut its stake in Molson Coors Brewing Co (NYSE:TAP).

More notable recent Mohawk Industries, Inc. (NYSE:MHK) news were published by: Prnewswire.com which released: “Mohawk Industries, Inc. Invites You to Join the Second Quarter 2017 Conference …” on July 07, 2017, also Nasdaq.com with their article: “Agree To Purchase Mohawk Industries At $210, Earn 4% Using Options” published on June 27, 2017, Prnewswire.com published: “Mohawk Industries, Inc. invita a sumarse a la teleconferencia del segundo …” on July 07, 2017. More interesting news about Mohawk Industries, Inc. (NYSE:MHK) were released by: Gurufocus.com and their article: “Mathes Company, Inc. Buys ServiceNow Inc, Mohawk Industries Inc, SPDR S&P …” published on July 17, 2017 as well as Gurufocus.com‘s news article titled: “PR Herzig & Co. Inc. Buys Hanesbrands Inc, SPDR Series Trust S&P Biotech …” with publication date: July 18, 2017.

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

Among 15 analysts covering Mohawk (NYSE:MHK), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Mohawk had 26 analyst reports since August 10, 2015 according to SRatingsIntel. As per Tuesday, October 6, the company rating was initiated by Goldman Sachs. The firm has “Outperform” rating given on Tuesday, October 13 by Barclays Capital. The stock of Mohawk Industries, Inc. (NYSE:MHK) has “Buy” rating given on Monday, August 10 by Stifel Nicolaus. Topeka Capital Markets initiated Mohawk Industries, Inc. (NYSE:MHK) on Tuesday, May 24 with “Hold” rating. The stock of Mohawk Industries, Inc. (NYSE:MHK) has “Outperform” rating given on Monday, August 10 by RBC Capital Markets. The stock has “Buy” rating by RBC Capital Markets on Monday, June 19. As per Tuesday, November 3, the company rating was initiated by Robert W. Baird. M Partners initiated Mohawk Industries, Inc. (NYSE:MHK) on Tuesday, April 12 with “Buy” rating. Macquarie Research maintained Mohawk Industries, Inc. (NYSE:MHK) rating on Friday, December 16. Macquarie Research has “Outperform” rating and $235 target. The company was maintained on Wednesday, April 19 by M Partners.

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