Mohawk Inds INC (MHK) Shareholder Alyeska Investment Group LP Decreased Its Holding by $16.54 Million as Stock Value Rose

February 15, 2018 - By Adrian Erickson

Investors sentiment increased to 1.1 in 2017 Q3. Its up 0.01, from 1.09 in 2017Q2. It increased, 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. The Pennsylvania-based Weik Inv Services Inc has invested 4.16% in Mohawk Industries, Inc. (NYSE:MHK). Wolverine Asset Mngmt Limited Liability Company accumulated 3,000 shares. Gsa Cap Ltd Liability Partnership has invested 0.08% in Mohawk Industries, Inc. (NYSE:MHK). Pnc Financial Ser Gru accumulated 450,851 shares. Hightower Advsrs Limited Co stated it has 18,393 shares. Loring Wolcott & Coolidge Fiduciary Ltd Liability Partnership Ma holds 0% or 4 shares in its portfolio. Envestnet Asset holds 0% or 7,506 shares. State Street Corp accumulated 2.62M shares or 0.06% of the stock. Axiom Interest Invsts Ltd Llc De reported 1.29% stake. Commonwealth Bank & Trust Of Australia owns 5,868 shares or 0.01% of their US portfolio. Picton Mahoney Asset Management reported 0.63% in Mohawk Industries, Inc. (NYSE:MHK). Raymond James Svcs Advsr reported 106,573 shares. Janney Cap Limited Liability, a Pennsylvania-based fund reported 54,930 shares. 321,211 were reported by Legal & General Grp Public Ltd Com. Caxton Assocs LP reported 0.17% stake.

Since September 5, 2017, it had 0 insider purchases, and 1 sale for $5.02 million activity.

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 $112.35 million, 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 $18.70B market cap company. The stock decreased 0.75% or $1.91 during the last trading session, reaching $251.59. About 480,985 shares traded. Mohawk Industries, Inc. (NYSE:MHK) has risen 20.32% since February 15, 2017 and is uptrending. It has outperformed by 3.62% the S&P500.

Alyeska Investment Group Lp, which manages about $3.14B and $12.39B US Long portfolio, upped its stake in Stratasys Ltd (NASDAQ:SSYS) by 630,447 shares to 855,447 shares, valued at $19.78M in 2017Q3, according to the filing. It also increased its holding in Ingersoll (NYSE:IR) by 648,196 shares in the quarter, for a total of 1.17 million shares, and has risen its stake in Microsemi Corp (NASDAQ:MSCC).

More important recent Mohawk Industries, Inc. (NYSE:MHK) news were published by: Gurufocus.com which released: “Atlantic Trust, LLC Buys Mohawk Industries Inc, McDonald’s Corp, L3 …” on February 14, 2018, also Seekingalpha.com published article titled: “Mohawk Industries’ (MHK) CEO Jeff Lorberbaum on Q4 2017 Results – Earnings …”, Seekingalpha.com published: “Floored By Mohawk Industries” on January 31, 2018. More interesting news about Mohawk Industries, Inc. (NYSE:MHK) was released by: Nasdaq.com and their article: “Is Mohawk Industries (MHK) a Great Stock for Value Investors?” with publication date: February 14, 2018.

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. The company was maintained on Wednesday, April 19 by M Partners. Macquarie Research maintained it with “Outperform” rating and $235 target in Friday, December 16 report. The company was initiated on Tuesday, October 6 by Goldman Sachs. The company was maintained on Thursday, April 7 by Barclays Capital. The company was initiated on Thursday, September 29 by Wells Fargo. Jefferies maintained the stock with “Buy” rating in Wednesday, January 17 report. The rating was maintained by Stifel Nicolaus on Monday, August 10 with “Buy”. The firm earned “Outperform” rating on Monday, November 9 by RBC Capital Markets. The stock has “Outperform” rating by RBC Capital Markets on Monday, August 10. The stock of Mohawk Industries, Inc. (NYSE:MHK) has “Buy” rating given on Thursday, August 31 by Stifel Nicolaus.

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