As Mohawk Industries (MHK) Market Valuation Rose, Shareholder Covey Capital Advisors Lifted Its Holding; Calpine (CPN) Shareholder Menta Capital Lifted Stake by $334,600

January 22, 2018 - By Adrian Mccoy

Menta Capital Llc increased its stake in Calpine Corp (CPN) by 110.94% based on its latest 2017Q3 regulatory filing with the SEC. Menta Capital Llc bought 23,900 shares as the company’s stock rose 19.88% with the market. The hedge fund held 45,444 shares of the central company at the end of 2017Q3, valued at $670,000, up from 21,544 at the end of the previous reported quarter. Menta Capital Llc who had been investing in Calpine Corp for a number of months, seems to be bullish on the $5.44 billion market cap company. The stock decreased 0.17% or $0.025 during the last trading session, reaching $15.095. About 1.53 million shares traded. Calpine Corporation (NYSE:CPN) has declined 5.37% since January 22, 2017 and is downtrending. It has underperformed by 22.07% the S&P500.

Covey Capital Advisors Llc increased its stake in Mohawk Industries Inc (MHK) by 14.24% based on its latest 2017Q3 regulatory filing with the SEC. Covey Capital Advisors Llc bought 1,600 shares as the company’s stock rose 3.82% with the market. The institutional investor held 12,836 shares of the consumer durables company at the end of 2017Q3, valued at $3.18 million, up from 11,236 at the end of the previous reported quarter. Covey Capital Advisors Llc who had been investing in Mohawk Industries Inc for a number of months, seems to be bullish on the $20.81B market cap company. The stock increased 0.28% or $0.77 during the last trading session, reaching $279.91. About 284,259 shares traded. Mohawk Industries, Inc. (NYSE:MHK) has risen 20.32% since January 22, 2017 and is uptrending. It has outperformed by 3.62% the S&P500.

Investors sentiment increased to 1.1 in Q3 2017. 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. First Personal Serv holds 0.03% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK) for 568 shares. Palestra Capital Limited Liability stated it has 5.4% in Mohawk Industries, Inc. (NYSE:MHK). Stellar Capital Mngmt Limited Co holds 13,960 shares. 718,853 were accumulated by Goldman Sachs Group. 94,700 are held by Virginia Retirement System Et Al. Rhumbline Advisers has invested 0.06% in Mohawk Industries, Inc. (NYSE:MHK). Hsbc Public Limited Company invested in 82,318 shares. California State Teachers Retirement System holds 0.06% in Mohawk Industries, Inc. (NYSE:MHK) or 104,656 shares. Southeast Asset Inc has 9,204 shares. State Common Retirement Fund reported 0.05% stake. D E Shaw Co holds 0.03% of its portfolio in Mohawk Industries, Inc. (NYSE:MHK) for 73,127 shares. Parallax Volatility Advisers Lp holds 762 shares or 0% of its portfolio. Nationwide Fund has 130,496 shares. Kemnay Advisory Svcs Incorporated holds 0.35% or 3,322 shares. The Illinois-based Ariel Invests Limited Liability has invested 0.62% in Mohawk Industries, Inc. (NYSE:MHK).

Since August 11, 2017, it had 0 insider purchases, and 2 insider sales for $5.06 million activity. LORBERBAUM JEFFREY S also sold $5.02M worth of Mohawk Industries, Inc. (NYSE:MHK) on Tuesday, September 5.

Among 18 analysts covering Mohawk (NYSE:MHK), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. Mohawk had 44 analyst reports since August 10, 2015 according to SRatingsIntel. As per Monday, July 31, the company rating was maintained by RBC Capital Markets. The firm earned “Overweight” rating on Friday, January 6 by Barclays Capital. Barclays Capital maintained Mohawk Industries, Inc. (NYSE:MHK) rating on Tuesday, October 13. Barclays Capital has “Outperform” rating and $242 target. The firm has “Buy” rating given on Wednesday, April 19 by M Partners. RBC Capital Markets maintained Mohawk Industries, Inc. (NYSE:MHK) on Monday, July 24 with “Buy” rating. The firm has “Buy” rating given on Monday, February 13 by Stifel Nicolaus. As per Monday, November 20, the company rating was maintained by Robert W. Baird. The rating was maintained by RBC Capital Markets with “Buy” on Monday, June 19. The stock of Mohawk Industries, Inc. (NYSE:MHK) earned “Buy” rating by Jefferies on Tuesday, December 12. The company was maintained on Monday, November 9 by RBC Capital Markets.

Covey Capital Advisors Llc, which manages about $395.73M and $68.41 million US Long portfolio, decreased its stake in Fedex Corp (NYSE:FDX) by 67,605 shares to 20,714 shares, valued at $4.67M in 2017Q3, according to the filing. It also reduced its holding in Level 3 Communications Inc (NYSE:LVLT) by 231,455 shares in the quarter, leaving it with 61,370 shares, and cut its stake in Live Nation Entertainment In (NYSE:LYV).

Among 15 analysts covering Calpine Corporation (NYSE:CPN), 5 have Buy rating, 0 Sell and 10 Hold. Therefore 33% are positive. Calpine Corporation had 42 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of Calpine Corporation (NYSE:CPN) earned “Buy” rating by RBC Capital Markets on Friday, June 2. The company was maintained on Friday, July 28 by BMO Capital Markets. The stock has “Neutral” rating by SunTrust on Wednesday, August 24. Citigroup downgraded the stock to “Neutral” rating in Friday, September 8 report. As per Friday, January 29, the company rating was initiated by Guggenheim. RBC Capital Markets maintained it with “Hold” rating and $15.25 target in Sunday, October 29 report. The company was maintained on Monday, July 31 by BMO Capital Markets. The stock of Calpine Corporation (NYSE:CPN) has “Hold” rating given on Tuesday, March 8 by Argus Research. RBC Capital Markets maintained Calpine Corporation (NYSE:CPN) rating on Monday, August 3. RBC Capital Markets has “Outperform” rating and $23 target. The firm has “Neutral” rating by SunTrust given on Monday, March 7.

Menta Capital Llc, which manages about $2.11 billion and $682.29M US Long portfolio, decreased its stake in Korn Ferry Intl (NYSE:KFY) by 58,183 shares to 48,395 shares, valued at $1.91 million in 2017Q3, according to the filing. It also reduced its holding in Radcom Ltd (NASDAQ:RDCM) by 42,712 shares in the quarter, leaving it with 144,078 shares, and cut its stake in Glu Mobile Inc (NASDAQ:GLUU).

Since August 23, 2017, it had 0 insider buys, and 3 selling transactions for $17.24 million activity. Another trade for 38,304 shares valued at $577,624 was made by Hill Thad on Tuesday, December 12. $2.69 million worth of stock was sold by MILLER W. THADDEUS on Wednesday, December 13.

Investors sentiment increased to 0.95 in Q3 2017. Its up 0.31, from 0.64 in 2017Q2. It improved, as 51 investors sold CPN shares while 76 reduced holdings. 70 funds opened positions while 51 raised stakes. 272.79 million shares or 16.22% less from 325.61 million shares in 2017Q2 were reported. Point72 Asset Management LP reported 71,200 shares. Omni Limited Liability Partnership holds 8.47% or 4.50M shares in its portfolio. Invesco Limited, Georgia-based fund reported 343,625 shares. Parallax Volatility Advisers Lp reported 102 shares. The New York-based Riverpark Advsrs Ltd Liability has invested 0.32% in Calpine Corporation (NYSE:CPN). Corsair Mgmt LP reported 55,685 shares. Peak6 Investments Lp invested in 0.01% or 160,469 shares. Scoria Prtn LP stated it has 10,000 shares or 0.17% of all its holdings. Shell Asset has 0.02% invested in Calpine Corporation (NYSE:CPN). 2.36 million are held by Fmr Ltd Liability. Halcyon Mgmt Prns Limited Partnership holds 4.13% or 1.62 million shares in its portfolio. Fincl Bank Of Montreal Can holds 0% in Calpine Corporation (NYSE:CPN) or 153,689 shares. Voya Invest Limited Company, a Georgia-based fund reported 100,693 shares. Balyasny Asset Mngmt Limited Liability owns 0.05% invested in Calpine Corporation (NYSE:CPN) for 847,500 shares. Tiedemann Wealth Mngmt Ltd Co holds 15,173 shares or 0.01% of its portfolio.

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