Elm Ridge Management Trimmed Its Southwestern Energy Co (SWN) Holding by $796,266; Mohawk Industries (MHK) Holder Gluskin Sheff & Assoc Lowered Position by $534,261

February 23, 2018 - By Vivian Park

Gluskin Sheff & Assoc Inc decreased its stake in Mohawk Industries Inc. (MHK) by 3.07% based on its latest 2017Q3 regulatory filing with the SEC. Gluskin Sheff & Assoc Inc sold 2,163 shares as the company’s stock rose 3.82% with the market. The institutional investor held 68,188 shares of the consumer durables company at the end of 2017Q3, valued at $16.88M, down from 70,351 at the end of the previous reported quarter. Gluskin Sheff & Assoc Inc who had been investing in Mohawk Industries Inc. for a number of months, seems to be less bullish one the $18.50 billion market cap company. The stock decreased 0.04% or $0.1 during the last trading session, reaching $248.9. About 288,771 shares traded. Mohawk Industries, Inc. (NYSE:MHK) has risen 20.32% since February 23, 2017 and is uptrending. It has outperformed by 3.62% the S&P500.

Ron Gutfleish decreased its stake in Southwestern Energy Co (SWN) by 16.76% based on its latest 2017Q3 regulatory filing with the SEC. Elm Ridge Management Llc sold 132,711 shares as the company’s stock declined 18.09% while stock markets rallied. The hedge fund run by Ron Gutfleish held 658,959 shares of the oil & gas production company at the end of 2017Q3, valued at $4.03M, down from 791,670 at the end of the previous reported quarter. Elm Ridge Management Llc who had been investing in Southwestern Energy Co for a number of months, seems to be less bullish one the $2.11 billion market cap company. The stock decreased 1.36% or $0.05 during the last trading session, reaching $3.64. About 16.83M shares traded. Southwestern Energy Company (NYSE:SWN) has declined 41.00% since February 23, 2017 and is downtrending. It has underperformed by 57.70% the S&P500.

Investors sentiment increased to 1.08 in 2017 Q3. Its up 0.09, from 0.99 in 2017Q2. It increased, as 51 investors sold SWN shares while 94 reduced holdings. 48 funds opened positions while 108 raised stakes. 429.64 million shares or 0.84% less from 433.26 million shares in 2017Q2 were reported. Clinton Gp stated it has 12,138 shares or 0.01% of all its holdings. 5,053 are held by Patten. Tctc Hldg Ltd Com reported 0.1% of its portfolio in Southwestern Energy Company (NYSE:SWN). Ascend Capital Llc invested in 92,327 shares or 0.02% of the stock. Cullinan Assocs invested in 11,100 shares. Alliancebernstein Limited Partnership has invested 0% in Southwestern Energy Company (NYSE:SWN). Laurion Cap Mgmt Lp reported 0% in Southwestern Energy Company (NYSE:SWN). Tenor Mngmt Communication LP holds 0.01% or 25,000 shares. Dimensional Fund Advsrs Lp accumulated 0.01% or 2.44M shares. Counselors Inc stated it has 14,552 shares or 0% of all its holdings. Rafferty Asset Mngmt Ltd Liability Corporation invested 0.02% in Southwestern Energy Company (NYSE:SWN). Polar Asset Prtn reported 400,000 shares. Huntington Bank & Trust invested in 0% or 797 shares. Snow Cap Management Ltd Partnership has 5.56M shares for 1.64% of their portfolio. Parametric Port Ltd Liability invested in 0.01% or 1.31 million shares.

Analysts await Southwestern Energy Company (NYSE:SWN) to report earnings on March, 1 after the close. They expect $0.10 earnings per share, up 25.00% or $0.02 from last year’s $0.08 per share. SWN’s profit will be $57.99M for 9.10 P/E if the $0.10 EPS becomes a reality. After $0.06 actual earnings per share reported by Southwestern Energy Company for the previous quarter, Wall Street now forecasts 66.67% EPS growth.

Among 38 analysts covering Southwestern Energy Company (NYSE:SWN), 9 have Buy rating, 7 Sell and 22 Hold. Therefore 24% are positive. Southwestern Energy Company had 113 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Southwestern Energy Company (NYSE:SWN) has “Sell” rating given on Thursday, February 1 by Goldman Sachs. The stock of Southwestern Energy Company (NYSE:SWN) earned “Hold” rating by Jefferies on Friday, March 3. The firm has “Outperform” rating given on Wednesday, April 19 by Cowen & Co. On Monday, September 18 the stock rating was maintained by PiperJaffray with “Neutral”. The rating was maintained by BMO Capital Markets on Wednesday, September 13 with “Buy”. The firm earned “Buy” rating on Thursday, March 23 by Stifel Nicolaus. The firm earned “Hold” rating on Tuesday, August 8 by RBC Capital Markets. The company was downgraded on Tuesday, November 17 by Sterne Agee CRT. Jefferies downgraded Southwestern Energy Company (NYSE:SWN) on Friday, February 26 to “Underperform” rating. On Wednesday, January 4 the stock rating was downgraded by Bank of America to “Underperform”.

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. Aqr Cap Ltd Co invested 0.03% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK). Ahl Prns Llp invested in 0% or 897 shares. First Savings Bank Of Hutchinson holds 0.46% or 2,960 shares in its portfolio. Citigroup Incorporated owns 40,911 shares for 0.01% of their portfolio. Patten Patten Inc Tn has invested 0.23% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK). Wedge Cap Mngmt L Ltd Partnership Nc has invested 0.3% in Mohawk Industries, Inc. (NYSE:MHK). Wilbanks Smith Thomas Asset Lc reported 1,519 shares. Bessemer owns 7,172 shares for 0.01% of their portfolio. Calamos Wealth Management Ltd Liability invested in 4,758 shares. Td Asset Management reported 101,879 shares stake. Daiwa Securities reported 2,082 shares. Alliancebernstein Lp has 0.02% invested in Mohawk Industries, Inc. (NYSE:MHK) for 108,349 shares. Pub Sector Pension Invest Board stated it has 7,028 shares or 0.01% of all its holdings. Alpine Woods Capital Invsts Limited Com has 0.12% invested in Mohawk Industries, Inc. (NYSE:MHK). Raymond James And Assoc has 121,587 shares for 0.06% of their portfolio.

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. Credit Suisse maintained the stock with “Buy” rating in Monday, January 22 report. The firm has “Outperform” rating by Robert W. Baird given on Monday, February 12. As per Monday, July 24, the company rating was maintained by RBC Capital Markets. On Friday, July 28 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock has “Buy” rating by Stifel Nicolaus on Thursday, August 31. On Tuesday, November 3 the stock rating was initiated by Robert W. Baird with “Outperform”. The firm has “Outperform” rating given on Monday, November 9 by RBC Capital Markets. M Partners initiated Mohawk Industries, Inc. (NYSE:MHK) on Tuesday, April 12 with “Buy” rating. The firm has “Buy” rating given on Thursday, October 19 by Robert W. Baird. Topeka Capital Markets initiated the stock with “Hold” rating in Tuesday, May 24 report.

Analysts await Mohawk Industries, Inc. (NYSE:MHK) to report earnings on April, 26. They expect $3.01 EPS, up 10.66% or $0.29 from last year’s $2.72 per share. MHK’s profit will be $223.76M for 20.67 P/E if the $3.01 EPS becomes a reality. After $3.42 actual EPS reported by Mohawk Industries, Inc. for the previous quarter, Wall Street now forecasts -11.99% negative EPS growth.

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By1 Vivian Park

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