As Mohawk Inds (MHK) Market Value Declined, Shareholder Incline Global Management Has Decreased Holding by $36.10 Million; Noah Hldgs LTD (NOAH) Stock Price Rose While Sc China Holding LTD Decreased Its Holding

May 18, 2018 - By Darrin Black

Mohawk Industries, Inc. (NYSE:MHK) Logo

Sc China Holding Ltd decreased its stake in Noah Hldgs Ltd (NOAH) by 25% based on its latest 2017Q4 regulatory filing with the SEC. Sc China Holding Ltd sold 1.50M shares as the company’s stock rose 8.32% while stock markets declined. The institutional investor held 4.50 million shares of the investment managers company at the end of 2017Q4, valued at $208.26 million, down from 6.00M at the end of the previous reported quarter. Sc China Holding Ltd who had been investing in Noah Hldgs Ltd for a number of months, seems to be less bullish one the $3.97B market cap company. The stock increased 0.97% or $0.65 during the last trading session, reaching $67.74. About 101,414 shares traded. Noah Holdings Limited (NYSE:NOAH) has risen 88.63% since May 18, 2017 and is uptrending. It has outperformed by 77.08% the S&P500.




Jeff Lignelli decreased its stake in Mohawk Inds Inc (MHK) by 43.53% based on its latest 2017Q4 regulatory filing with the SEC. Incline Global Management Llc sold 131,285 shares as the company’s stock declined 17.56% with the market. The hedge fund run by Jeff Lignelli held 170,280 shares of the consumer durables company at the end of 2017Q4, valued at $46.98 million, down from 301,565 at the end of the previous reported quarter. Incline Global Management Llc who had been investing in Mohawk Inds Inc for a number of months, seems to be less bullish one the $15.93B market cap company. The stock increased 0.78% or $1.645 during the last trading session, reaching $213.485. About 104,623 shares traded. Mohawk Industries, Inc. (NYSE:MHK) has risen 0.12% since May 18, 2017 and is uptrending. It has underperformed by 11.43% the S&P500.

Investors sentiment increased to 1.13 in 2017 Q4. Its up 0.03, from 1.1 in 2017Q3. It is positive, as 28 investors sold MHK shares while 181 reduced holdings. 74 funds opened positions while 163 raised stakes. 56.08 million shares or 0.46% more from 55.82 million shares in 2017Q3 were reported. Kennedy Cap Mngmt Incorporated accumulated 0.07% or 13,177 shares. Laurion Cap Limited Partnership reported 10,922 shares or 0.02% of all its holdings. Hsbc Public Limited Co accumulated 0.06% or 143,525 shares. Nomura Asset Management Limited has invested 0.03% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK). Arrowgrass (Us) LP invested in 61,439 shares or 0.16% of the stock. Metropolitan Life Ins accumulated 9,814 shares or 0.04% of the stock. Chilton Invest Limited Co holds 4,934 shares. 12,311 are held by Cipher Cap Limited Partnership. Gradient Invs Ltd Liability has invested 0% in Mohawk Industries, Inc. (NYSE:MHK). Ariel Invests Lc accumulated 214,260 shares. Gilman Hill Asset Mgmt Ltd Co reported 2,841 shares. Livforsakringsbolaget Skandia Omsesidigt reported 0.02% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK). Tide Point Capital Management Limited Partnership, a Connecticut-based fund reported 137,928 shares. Kornitzer Cap Ks holds 73,995 shares. Seabridge Investment Lc owns 13,830 shares.

Since February 14, 2018, it had 4 buys, and 11 insider sales for $12.15 million activity. 1,487 Mohawk Industries, Inc. (NYSE:MHK) shares with value of $352,984 were sold by Turner John C JR. Another trade for 446 shares valued at $109,270 was made by Patton Rodney David on Friday, March 9. $356,242 worth of Mohawk Industries, Inc. (NYSE:MHK) was sold by Boykin Frank H on Monday, March 5. RUNGE WILLIAM HENRY III had bought 500 shares worth $125,435 on Wednesday, February 14. 2,617 shares valued at $654,250 were sold by Thiers Bernard on Friday, February 23. $2.19M worth of Mohawk Industries, Inc. (NYSE:MHK) was sold by WELLBORN CHISTOPHER.

More important recent Mohawk Industries, Inc. (NYSE:MHK) news were published by: Seekingalpha.com which released: “Mohawk Industries’ (MHK) CEO Jeffrey Lorberbaum on Q1 2018 Results – Earnings Call Transcript” on April 27, 2018, also Streetinsider.com published article titled: “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F”, Seekingalpha.com published: “Highlights from Appaloosa’s Q1” on May 15, 2018. More interesting news about Mohawk Industries, Inc. (NYSE:MHK) was released by: Streetinsider.com and their article: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” with publication date: May 15, 2018.

Analysts await Mohawk Industries, Inc. (NYSE:MHK) to report earnings on July, 26. They expect $3.96 EPS, up 6.45% or $0.24 from last year’s $3.72 per share. MHK’s profit will be $295.42M for 13.48 P/E if the $3.96 EPS becomes a reality. After $3.01 actual EPS reported by Mohawk Industries, Inc. for the previous quarter, Wall Street now forecasts 31.56% EPS growth.

Among 21 analysts covering Mohawk (NYSE:MHK), 16 have Buy rating, 0 Sell and 5 Hold. Therefore 76% are positive. Mohawk had 56 analyst reports since August 10, 2015 according to SRatingsIntel. The stock has “Buy” rating by RBC Capital Markets on Wednesday, September 6. As per Tuesday, March 15, the company rating was downgraded by JP Morgan. On Thursday, October 19 the stock rating was maintained by Robert W. Baird with “Buy”. The stock of Mohawk Industries, Inc. (NYSE:MHK) earned “Buy” rating by Robert W. Baird on Monday, April 30. The company was maintained on Monday, July 31 by RBC Capital Markets. Stifel Nicolaus maintained the shares of MHK in report on Thursday, August 31 with “Buy” rating. RBC Capital Markets maintained the stock with “Buy” rating in Monday, June 19 report. Robert W. Baird initiated Mohawk Industries, Inc. (NYSE:MHK) rating on Tuesday, November 3. Robert W. Baird has “Outperform” rating and $224 target. Jefferies maintained Mohawk Industries, Inc. (NYSE:MHK) rating on Wednesday, January 17. Jefferies has “Buy” rating and $345.0 target. As per Monday, August 10, the company rating was maintained by Stifel Nicolaus.

Incline Global Management Llc, which manages about $222.93 million and $1.80 billion US Long portfolio, upped its stake in Priceline Grp Inc (NASDAQ:PCLN) by 1,888 shares to 26,688 shares, valued at $46.38M in 2017Q4, according to the filing. It also increased its holding in Vantiv Inc (NYSE:VNTV) by 104,692 shares in the quarter, for a total of 754,192 shares, and has risen its stake in Altaba Inc.

More important recent Noah Holdings Limited (NYSE:NOAH) news were published by: Seekingalpha.com which released: “Noah Holdings: A Rare Opportunity For US Investors” on April 26, 2018, also Streetinsider.com published article titled: “Form 6-K Noah Holdings Ltd For: May 16”, Prnewswire.com published: “Noah Holdings Limited Files FY2017 Annual Report On Form 20-F” on April 30, 2018. More interesting news about Noah Holdings Limited (NYSE:NOAH) was released by: Prnewswire.com and their article: “Noah Holdings Limited to Announce First Quarter 2018 Financial Result on Tuesday, May 29, 2018” with publication date: May 15, 2018.

Mohawk Industries, Inc. (NYSE:MHK) Institutional Positions Chart

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