Reinhart Partners INC Stake in Michaels Stores INC Com (MIK) Trimmed by $3.00 Million

March 17, 2018 - By sdfsdfsdf

Investors sentiment decreased to 1.36 in Q3 2017. Its down 0.45, from 1.81 in 2017Q2. It is negative, as 27 investors sold MIK shares while 63 reduced holdings. 42 funds opened positions while 80 raised stakes. 187.41 million shares or 1.58% less from 190.43 million shares in 2017Q2 were reported. Capstone Investment Advsrs Ltd stated it has 41,800 shares. Petrus Lta invested in 11,810 shares or 0.06% of the stock. Cipher Capital Ltd Partnership invested 0.16% in The Michaels Companies, Inc. (NASDAQ:MIK). State Of Wisconsin Board owns 23,540 shares. Nuveen Asset Management Limited Company invested 0% in The Michaels Companies, Inc. (NASDAQ:MIK). Riverhead Mngmt Llc, Delaware-based fund reported 76,495 shares. Bronson Point Mngmt accumulated 130,000 shares or 0.9% of the stock. First Quadrant LP Ca owns 994,092 shares. First Personal Fincl Services, a North Carolina-based fund reported 333 shares. Tiaa Cref Inv Management Limited Liability Com has 0.01% invested in The Michaels Companies, Inc. (NASDAQ:MIK). American Interest Gp invested in 0.02% or 225,858 shares. Ftb Advsr holds 1,225 shares or 0% of its portfolio. Panagora Asset Management reported 0.04% of its portfolio in The Michaels Companies, Inc. (NASDAQ:MIK). Great West Life Assurance Can has invested 0% in The Michaels Companies, Inc. (NASDAQ:MIK). Nationwide Fund Advsr reported 391,814 shares.

Reinhart Partners Inc decreased its stake in Michaels Stores Inc Com (MIK) by 8.83% based on its latest 2017Q3 regulatory filing with the SEC. Reinhart Partners Inc sold 142,935 shares as the company’s stock declined 4.62% while stock markets rallied. The institutional investor held 1.48M shares of the consumer services company at the end of 2017Q3, valued at $31.69M, down from 1.62M at the end of the previous reported quarter. Reinhart Partners Inc who had been investing in Michaels Stores Inc Com for a number of months, seems to be less bullish one the $3.99B market cap company. The stock decreased 0.14% or $0.03 during the last trading session, reaching $22. About 1.63 million shares traded. The Michaels Companies, Inc. (NASDAQ:MIK) has declined 29.62% since March 17, 2017 and is downtrending. It has underperformed by 46.32% the S&P500.

Reinhart Partners Inc, which manages about $4.85B and $947.17 million US Long portfolio, upped its stake in Gentex Corp Com (NASDAQ:GNTX) by 342,815 shares to 1.75 million shares, valued at $34.61M in 2017Q3, according to the filing. It also increased its holding in Brinker Intl Inc (NYSE:EAT) by 242,170 shares in the quarter, for a total of 926,696 shares, and has risen its stake in Citizens Finl Grp Inc Com (NYSE:CFG).

Analysts await The Michaels Companies, Inc. (NASDAQ:MIK) to report earnings on March, 22 before the open. They expect $1.21 earnings per share, up 26.04 % or $0.25 from last year’s $0.96 per share. MIK’s profit will be $219.29M for 4.55 P/E if the $1.21 EPS becomes a reality. After $0.44 actual earnings per share reported by The Michaels Companies, Inc. for the previous quarter, Wall Street now forecasts 175.00 % EPS growth.

The Michaels Companies, Inc. (NASDAQ:MIK) Ratings Coverage

Among 16 analysts covering Michaels Companies Inc (NASDAQ:MIK), 10 have Buy rating, 2 Sell and 4 Hold. Therefore 63% are positive. Michaels Companies Inc has $32 highest and $16.0 lowest target. $26.42’s average target is 20.09% above currents $22 stock price. Michaels Companies Inc had 35 analyst reports since August 25, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, January 3 by Guggenheim. As per Monday, July 24, the company rating was upgraded by JP Morgan. The firm has “Neutral” rating by JP Morgan given on Tuesday, July 19. The rating was downgraded by Goldman Sachs to “Neutral” on Friday, May 6. On Thursday, August 24 the stock rating was maintained by Piper Jaffray with “Hold”. The stock of The Michaels Companies, Inc. (NASDAQ:MIK) has “Buy” rating given on Tuesday, August 25 by Suntrust Robinson. The firm has “Buy” rating by Bank of America given on Friday, June 16. Goldman Sachs upgraded The Michaels Companies, Inc. (NASDAQ:MIK) on Tuesday, January 16 to “Buy” rating. The rating was maintained by Macquarie Research on Friday, December 4 with “Neutral”. The stock of The Michaels Companies, Inc. (NASDAQ:MIK) earned “Buy” rating by SunTrust on Monday, October 16.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.