Mohawk Inds INC (MHK) Holder Alyeska Investment Group LP Lowered Position

December 7, 2017 - By Adrian Mccoy

Investors sentiment decreased to 1.09 in Q2 2017. Its down 0.15, from 1.24 in 2017Q1. It dived, as 41 investors sold MHK shares while 164 reduced holdings. 58 funds opened positions while 165 raised stakes. 55.83 million shares or 0.31% more from 55.66 million shares in 2017Q1 were reported. Goldman Sachs Grp Inc Incorporated reported 771,942 shares or 0.05% of all its holdings. Ferguson Wellman Capital Mngmt Incorporated reported 74,660 shares. Catalyst Cap Limited Liability Co reported 8,000 shares. Morgan Dempsey Cap Mgmt invested in 400 shares. Sg Americas Secs Ltd Company accumulated 49,637 shares. Citigroup Incorporated has 20,020 shares. Glenmede Trust Communications Na reported 781 shares. Hutchin Hill Lp holds 0.4% or 49,000 shares in its portfolio. 200 were reported by Reilly Financial Advsr Lc. 16,809 are held by Kbc Nv. Ameritas Inv Prns owns 0.02% invested in Mohawk Industries, Inc. (NYSE:MHK) for 1,425 shares. Ibm Retirement Fund has invested 0.04% in Mohawk Industries, Inc. (NYSE:MHK). Creative Planning accumulated 2,800 shares. Atlanta Capital Grp has 1,370 shares for 0.05% of their portfolio. Dekabank Deutsche Girozentrale invested in 6,950 shares or 0.01% of the stock.

Since June 9, 2017, it had 0 insider buys, and 2 insider sales for $331,924 activity. 6,200 shares were sold by HELEN SUZANNE L, worth $1.49M. De Cock Frans Georges sold $238,270 worth of stock.

Anand Parekh decreased its stake in Mohawk Inds Inc (MHK) by 9.91% based on its latest 2017Q2 regulatory filing with the SEC. Alyeska Investment Group Lp sold 57,300 shares as the company’s stock rose 3.82% with the market. The hedge fund run by Anand Parekh held 520,852 shares of the consumer durables company at the end of 2017Q2, valued at $125.89 million, down from 578,152 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 $20.83 billion market cap company. The stock increased 0.91% or $2.51 during the last trading session, reaching $280.18. About 233,808 shares traded. Mohawk Industries, Inc. (NYSE:MHK) has risen 20.32% since December 7, 2016 and is uptrending. It has outperformed by 3.62% the S&P500.

Alyeska Investment Group Lp, which manages about $3.14 billion and $11.15B US Long portfolio, upped its stake in Pandora Media Inc (NYSE:P) by 2.72 million shares to 4.26 million shares, valued at $37.99 million in 2017Q2, according to the filing. It also increased its holding in Nuvasive Inc (NASDAQ:NUVA) by 766,511 shares in the quarter, for a total of 1.37 million shares, and has risen its stake in Salesforce Com Inc (NYSE:CRM).

Analysts await Mohawk Industries, Inc. (NYSE:MHK) to report earnings on February, 8. They expect $3.33 earnings per share, up 2.15 % or $0.07 from last year’s $3.26 per share. MHK’s profit will be $247.55 million for 21.03 P/E if the $3.33 EPS becomes a reality. After $3.75 actual earnings per share reported by Mohawk Industries, Inc. for the previous quarter, Wall Street now forecasts -11.20 % negative EPS growth.

More important recent Mohawk Industries, Inc. (NYSE:MHK) news were published by: Timesfreepress.com which released: “Mohawk Industries to buy Australia’s biggest carpet company” on November 20, 2017, also Prnewswire.com published article titled: “Mohawk Industries, Inc. anuncia la compra de Godfrey Hirst Group”, Nasdaq.com published: “Mohawk Industries Gains on Acquisitions, Competition Rife” on November 28, 2017. More interesting news about Mohawk Industries, Inc. (NYSE:MHK) was released by: Prnewswire.com and their article: “Mohawk Industries, Inc. anuncia la adquisición del Grupo Godfrey Hirst” with publication date: November 21, 2017.

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

Among 17 analysts covering Mohawk (NYSE:MHK), 14 have Buy rating, 0 Sell and 3 Hold. Therefore 82% are positive. Mohawk has $310.0 highest and $185 lowest target. $266.93’s average target is -4.73% below currents $280.18 stock price. Mohawk had 42 analyst reports since August 10, 2015 according to SRatingsIntel. Wells Fargo initiated Mohawk Industries, Inc. (NYSE:MHK) on Thursday, September 29 with “Market Perform” rating. The stock of Mohawk Industries, Inc. (NYSE:MHK) has “Buy” rating given on Thursday, August 31 by Stifel Nicolaus. RBC Capital Markets maintained the shares of MHK in report on Tuesday, November 14 with “Buy” rating. Nomura maintained the shares of MHK in report on Friday, October 27 with “Buy” rating. JP Morgan downgraded the shares of MHK in report on Tuesday, March 15 to “Neutral” rating. Robert W. Baird maintained it with “Buy” rating and $280.0 target in Thursday, October 19 report. The firm earned “Buy” rating on Monday, July 31 by RBC Capital Markets. The rating was initiated by Goldman Sachs on Tuesday, October 6 with “Buy”. On Friday, January 6 the stock rating was initiated by Barclays Capital with “Overweight”. As per Monday, October 30, the company rating was maintained by RBC Capital Markets.

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