Essex Investment Management Co Raised Its Patrick Inds (PATK) Position; SHARC INTERNATIONAL SYSTEMS ORDINAR (INTWF) Shorts Raised By 2000%

May 20, 2018 - By William Brooks

Essex Investment Management Co Llc increased Patrick Inds Inc (PATK) stake by 64.08% reported in 2017Q4 SEC filing. Essex Investment Management Co Llc acquired 18,921 shares as Patrick Inds Inc (PATK)’s stock declined 10.78%. The Essex Investment Management Co Llc holds 48,450 shares with $3.37 million value, up from 29,529 last quarter. Patrick Inds Inc now has $1.56 billion valuation. The stock increased 3.55% or $2.15 during the last trading session, reaching $62.75. About 229,511 shares traded. Patrick Industries, Inc. (NASDAQ:PATK) has risen 34.42% since May 20, 2017 and is uptrending. It has outperformed by 22.87% the S&P500.

SHARC INTERNATIONAL SYSTEMS INC ORDINAR (OTCMKTS:INTWF) had an increase of 2000% in short interest. INTWF’s SI was 4,200 shares in May as released by FINRA. Its up 2000% from 200 shares previously. With 100 avg volume, 42 days are for SHARC INTERNATIONAL SYSTEMS INC ORDINAR (OTCMKTS:INTWF)’s short sellers to cover INTWF’s short positions. The SI to SHARC INTERNATIONAL SYSTEMS INC ORDINAR’s float is 0.03%. It closed at $0.36917 lastly. It is down 0.00% since May 20, 2017 and is . It has underperformed by 11.55% the S&P500.

More news for Patrick Industries, Inc. (NASDAQ:PATK) were recently published by: Seekingalpha.com, which released: “Patrick Industries announces increased share repurchase authorization” on May 18, 2018. Seekingalpha.com‘s article titled: “Patrick Industries’ (PATK) CEO Todd Cleveland on Q1 2018 Results – Earnings Call Transcript” and published on April 26, 2018 is yet another important article.

Since December 13, 2017, it had 3 buys, and 4 sales for $428,193 activity. WELCH M SCOTT bought 5,550 shares worth $336,338. 2,584 shares valued at $172,370 were sold by Kitson Michael A on Wednesday, December 13. Forbes John A sold $65,800 worth of Patrick Industries, Inc. (NASDAQ:PATK) on Thursday, December 14. Boone Joshua A sold $54,644 worth of stock or 814 shares. Blosser Courtney sold $134,648 worth of stock.

Among 6 analysts covering Patrick Industries (NASDAQ:PATK), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Patrick Industries had 12 analyst reports since March 31, 2016 according to SRatingsIntel. Robert W. Baird maintained the shares of PATK in report on Thursday, February 15 with “Buy” rating. The stock of Patrick Industries, Inc. (NASDAQ:PATK) has “Buy” rating given on Wednesday, August 17 by CL King. The rating was maintained by Bank of America with “Buy” on Wednesday, January 24. Bank of America maintained it with “Buy” rating and $85 target in Thursday, March 15 report. Wells Fargo maintained it with “Hold” rating and $6600 target in Tuesday, April 10 report. Bank of America maintained the stock with “Buy” rating in Tuesday, October 24 report. The company was maintained on Thursday, December 14 by Wells Fargo. Robert W. Baird maintained Patrick Industries, Inc. (NASDAQ:PATK) on Friday, December 22 with “Buy” rating. The stock has “Buy” rating by Robert W. Baird on Wednesday, August 30. The company was initiated on Thursday, June 16 by Sidoti.

Essex Investment Management Co Llc decreased Amazon Com Inc (NASDAQ:AMZN) stake by 3,727 shares to 15,360 valued at $17.96M in 2017Q4. It also reduced Conocophillips (NYSE:COP) stake by 35,231 shares and now owns 70,504 shares. Alibaba Group Hldg Ltd (NYSE:BABA) was reduced too.

Investors sentiment increased to 7.26 in 2017 Q4. Its up 6.23, from 1.03 in 2017Q3. It increased, as 12 investors sold PATK shares while 11 reduced holdings. 37 funds opened positions while 130 raised stakes. 44.28 million shares or 197.84% more from 14.87 million shares in 2017Q3 were reported. Pinebridge Investments LP holds 0.02% or 9,163 shares in its portfolio. Ftb Advsrs invested in 0% or 684 shares. First Tru Advsrs Lp reported 51,038 shares stake. 570,000 were accumulated by State Of New Jersey Common Pension Fund D. Wealthtrust Axiom Lc owns 0.16% invested in Patrick Industries, Inc. (NASDAQ:PATK) for 6,300 shares. Manufacturers Life Insur Communications The reported 18,480 shares stake. James holds 61,981 shares. Voya Inv Ltd Company owns 10,737 shares. State Of Alaska Department Of Revenue has invested 0.01% in Patrick Industries, Inc. (NASDAQ:PATK). Nuveen Asset Mgmt Ltd Company has 16,768 shares. Arizona State Retirement Sys invested in 0.03% or 40,138 shares. Price T Rowe Associates Md reported 677,502 shares or 0.01% of all its holdings. Eqis Capital has invested 0.02% of its portfolio in Patrick Industries, Inc. (NASDAQ:PATK). Cadence Cap Mngmt Limited Liability Co holds 36,346 shares or 0.16% of its portfolio. Prescott Cap Mgmt Ltd Company owns 14,550 shares.

Patrick Industries, Inc. (NASDAQ:PATK) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By1 William Brooks

Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: