Farmers Trust Co Increases Stake in Mohawk Inds (MHK); Lafitte Capital Management LP Continues to Hold Stake in Hi (HCLP)

April 26, 2018 - By Maria Brooks

Mohawk Industries, Inc. (NYSE:MHK) Logo

Farmers Trust Co increased its stake in Mohawk Inds Inc (MHK) by 33.13% based on its latest 2017Q4 regulatory filing with the SEC. Farmers Trust Co bought 2,706 shares as the company’s stock declined 17.56% with the market. The institutional investor held 10,875 shares of the consumer durables company at the end of 2017Q4, valued at $3.00M, up from 8,169 at the end of the previous reported quarter. Farmers Trust Co who had been investing in Mohawk Inds Inc for a number of months, seems to be bullish on the $16.77B market cap company. The stock decreased 0.92% or $2.1 during the last trading session, reaching $225.02. About 531,731 shares traded. Mohawk Industries, Inc. (NYSE:MHK) has risen 0.12% since April 26, 2017 and is uptrending. It has underperformed by 11.43% the S&P500.

Bryant Regan increased its stake in Hi (HCLP) by 24% based on its latest 2017Q4 regulatory filing with the SEC. Lafitte Capital Management Lp bought 600,000 shares as the company’s stock rose 10.50% while stock markets declined. The hedge fund run by Bryant Regan held 3.10 million shares of the mining & quarrying of nonmetallic minerals (no fuels) company at the end of 2017Q4, valued at $33.17 million, up from 2.50M at the end of the previous reported quarter. Lafitte Capital Management Lp who had been investing in Hi for a number of months, seems to be bullish on the $1.09 billion market cap company. The stock increased 0.62% or $0.075 during the last trading session, reaching $12.175. About 619,622 shares traded. Hi-Crush Partners LP (NYSE:HCLP) has declined 28.25% since April 26, 2017 and is downtrending. It has underperformed by 39.80% the S&P500.

Since February 14, 2018, it had 1 buy, and 11 selling transactions for $9.24 million activity. 1,248 shares were sold by Turner John C JR, worth $308,217. 446 Mohawk Industries, Inc. (NYSE:MHK) shares with value of $109,270 were sold by Patton Rodney David. WELLBORN CHISTOPHER sold $2.19 million worth of stock or 8,707 shares. 17,383 shares valued at $4.35M were sold by Thiers Bernard on Tuesday, February 20. 500 shares were bought by RUNGE WILLIAM HENRY III, worth $125,435 on Wednesday, February 14.

Farmers Trust Co, which manages about $337.27M US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 5,575 shares to 106,296 shares, valued at $9.09M in 2017Q4, according to the filing. It also reduced its holding in Disney Walt Co (NYSE:DIS) by 26,472 shares in the quarter, leaving it with 8,202 shares, and cut its stake in Te Connectivity Ltd (NYSE:TEL).

Investors sentiment increased to 1.13 in 2017 Q4. Its up 0.03, from 1.1 in 2017Q3. It improved, 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. 192,130 were reported by Canada Pension Plan Inv Board. New Mexico Educational Retirement Board invested in 0.06% or 6,100 shares. Hound Ptnrs Limited Company owns 728,053 shares or 5.51% of their US portfolio. Bnp Paribas Asset Management holds 0.06% or 25,196 shares. Neuberger Berman Grp Ltd Liability Corp accumulated 0.02% or 70,982 shares. New England reported 2,650 shares or 0.52% of all its holdings. Moody Savings Bank Tru Division owns 1,700 shares for 0.02% of their portfolio. The Colorado-based Public Employees Retirement Association Of Colorado has invested 0.02% in Mohawk Industries, Inc. (NYSE:MHK). Bnp Paribas Arbitrage Sa has 0.01% invested in Mohawk Industries, Inc. (NYSE:MHK) for 21,711 shares. Arrowstreet Capital Partnership reported 0.07% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK). Badgley Phelps Bell invested in 30,688 shares. Norinchukin Retail Bank The stated it has 5,051 shares or 0.02% of all its holdings. Rafferty Asset Management Ltd Limited Liability Company holds 0.02% or 4,261 shares in its portfolio. 4,111 are owned by Shell Asset Mngmt. Acadian Asset Ltd Com stated it has 0% in Mohawk Industries, Inc. (NYSE:MHK).

Among 20 analysts covering Mohawk (NYSE:MHK), 16 have Buy rating, 0 Sell and 4 Hold. Therefore 80% are positive. Mohawk had 50 analyst reports since August 10, 2015 according to SRatingsIntel. Robert W. Baird maintained the stock with “Buy” rating in Monday, November 20 report. As per Wednesday, April 19, the company rating was maintained by M Partners. On Thursday, April 7 the stock rating was maintained by Barclays Capital with “Overweight”. The stock of Mohawk Industries, Inc. (NYSE:MHK) has “Buy” rating given on Monday, July 24 by RBC Capital Markets. RBC Capital Markets maintained it with “Buy” rating and $310.0 target in Tuesday, November 14 report. The stock of Mohawk Industries, Inc. (NYSE:MHK) has “Overweight” rating given on Friday, January 6 by Barclays Capital. Macquarie Research maintained the stock with “Outperform” rating in Friday, December 16 report. The firm has “Buy” rating by Nomura given on Friday, October 27. The company was maintained on Monday, July 31 by RBC Capital Markets. As per Thursday, October 19, the company rating was maintained by Robert W. Baird.

Lafitte Capital Management Lp, which manages about $255.42M and $242.77M US Long portfolio, decreased its stake in U.S. Auto Parts Network Inc (NASDAQ:PRTS) by 350,000 shares to 1.84M shares, valued at $4.63 million in 2017Q4, according to the filing.

Among 21 analysts covering Hi-Crush Partners (NYSE:HCLP), 14 have Buy rating, 3 Sell and 4 Hold. Therefore 67% are positive. Hi-Crush Partners had 60 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by UBS with “Buy” on Friday, August 4. Cowen & Co maintained the shares of HCLP in report on Wednesday, October 18 with “Buy” rating. The rating was initiated by Piper Jaffray on Monday, September 25 with “Buy”. The rating was upgraded by Cowen & Co on Monday, December 5 to “Outperform”. The firm has “Underperform” rating given on Monday, June 13 by DA Davidson. The company was maintained on Tuesday, September 13 by Jefferies. Johnson Rice initiated the stock with “Accumulate” rating in Friday, June 23 report. As per Tuesday, October 27, the company rating was downgraded by UNS. The firm has “Buy” rating by Seaport Global given on Friday, January 19. The firm earned “Buy” rating on Tuesday, March 27 by Piper Jaffray.

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

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By1 Maria Brooks

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