Lowes Cos INC (LOW) Shareholder Kynikos Associates LP Decreased Holding

April 25, 2018 - By Kenneth Lin

Lowe's Companies, Inc. (NYSE:LOW) LogoInvestors sentiment decreased to 1.01 in 2017 Q4. Its down 0.03, from 1.04 in 2017Q3. It is negative, as 48 investors sold LOW shares while 437 reduced holdings. 138 funds opened positions while 351 raised stakes. 585.84 million shares or 0.67% less from 589.78 million shares in 2017Q3 were reported. Dixon Hubard Feinour Brown Va owns 4,520 shares. Sib Ltd Liability reported 25,332 shares. Riverpoint Capital Ltd Liability Corp has 1.25% invested in Lowe's Companies, Inc. (NYSE:LOW). Landscape Limited invested in 1.97% or 237,765 shares. New Mexico Educational Retirement Board invested in 81,177 shares. Advisor Prtn Ltd Co holds 0.34% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW) for 18,298 shares. Chatham Cap Group stated it has 1.76% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). Thrivent For Lutherans holds 2.11 million shares or 0.66% of its portfolio. Old Second Bancshares Of Aurora reported 61 shares or 0% of all its holdings. Comerica Securities has invested 0.07% in Lowe's Companies, Inc. (NYSE:LOW). Regal Invest Advsrs Limited Liability accumulated 31,071 shares. South Texas Money Mgmt Limited owns 194,211 shares for 0.84% of their portfolio. Franklin Street Advisors Nc holds 5,048 shares or 0.07% of its portfolio. Kanawha Cap Limited Liability Corporation reported 2.93% in Lowe's Companies, Inc. (NYSE:LOW). Peninsula Asset Mngmt has 49,012 shares for 3.38% of their portfolio.

Jim Chanos decreased its stake in Lowes Cos Inc (LOW) by 75.98% based on its latest 2017Q4 regulatory filing with the SEC. Kynikos Associates Lp sold 58,811 shares as the company’s stock declined 5.74% with the market. The hedge fund run by Jim Chanos held 18,589 shares of the consumer services company at the end of 2017Q4, valued at $1.73M, down from 77,400 at the end of the previous reported quarter. Kynikos Associates Lp who had been investing in Lowes Cos Inc for a number of months, seems to be less bullish one the $68.46B market cap company. The stock decreased 1.23% or $1.03 during the last trading session, reaching $82.91. About 5.44 million shares traded. Lowe's Companies, Inc. (NYSE:LOW) has risen 5.39% since April 25, 2017 and is uptrending. It has underperformed by 6.16% the S&P500.

Kynikos Associates Lp, which manages about $4.02B and $282.03 million US Long portfolio, upped its stake in Ishares Tr (IWM) by 160,559 shares to 254,459 shares, valued at $38.80 million in 2017Q4, according to the filing.

Analysts await Lowe's Companies, Inc. (NYSE:LOW) to report earnings on May, 23. They expect $1.29 EPS, up 25.24 % or $0.26 from last year’s $1.03 per share. LOW’s profit will be $1.07 billion for 16.07 P/E if the $1.29 EPS becomes a reality. After $0.74 actual EPS reported by Lowe's Companies, Inc. for the previous quarter, Wall Street now forecasts 74.32 % EPS growth.

Lowe's Companies, Inc. (NYSE:LOW) Ratings Coverage

Among 23 analysts covering Lowe’s (NYSE:LOW), 16 have Buy rating, 0 Sell and 7 Hold. Therefore 70% are positive. Lowe’s had 42 analyst reports since October 30, 2017 according to SRatingsIntel. Wedbush maintained Lowe's Companies, Inc. (NYSE:LOW) on Thursday, March 1 with “Hold” rating. The firm has “Buy” rating given on Friday, January 19 by UBS. Barclays Capital upgraded Lowe's Companies, Inc. (NYSE:LOW) rating on Friday, January 5. Barclays Capital has “Buy” rating and $120.0 target. The stock of Lowe's Companies, Inc. (NYSE:LOW) earned “Buy” rating by KeyBanc Capital Markets on Wednesday, November 22. On Thursday, November 23 the stock rating was maintained by UBS with “Buy”. As per Wednesday, November 22, the company rating was maintained by Piper Jaffray. The rating was maintained by Robert W. Baird on Wednesday, January 24 with “Outperform”. The stock has “Buy” rating by Guggenheim on Tuesday, January 30. The stock of Lowe's Companies, Inc. (NYSE:LOW) has “Buy” rating given on Monday, February 12 by RBC Capital Markets. The stock has “Buy” rating by Deutsche Bank on Thursday, March 1.

Lowe's Companies, Inc. (NYSE:LOW) Institutional Positions Chart

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