As Thor Inds INC (THO) Stock Price Declined, Holder Melvin Capital Management LP Lowered by $18.75 Million Its Holding

April 23, 2018 - By Winifred Garcia

Thor Industries, Inc. (NYSE:THO) LogoInvestors sentiment increased to 1.16 in 2017 Q4. Its up 0.10, from 1.06 in 2017Q3. It is positive, as 25 investors sold THO shares while 160 reduced holdings. 90 funds opened positions while 125 raised stakes. 43.13 million shares or 4.21% less from 45.03 million shares in 2017Q3 were reported. Moreover, Quantbot Technologies LP has 0.03% invested in Thor Industries, Inc. (NYSE:THO) for 1,999 shares. Blair William & Il reported 9,391 shares. Fuller Thaler Asset Management owns 67,552 shares for 0.12% of their portfolio. Scout stated it has 1.39% in Thor Industries, Inc. (NYSE:THO). Boston Advsr Ltd Liability Corporation stated it has 0.01% in Thor Industries, Inc. (NYSE:THO). Hsbc Plc has 108,056 shares. Art Advisors Lc reported 69,800 shares. Cypress Mgmt Lc (Wy) accumulated 15 shares. Goldman Sachs Gru has invested 0.02% in Thor Industries, Inc. (NYSE:THO). Piedmont Investment Advsrs Ltd Limited Liability Company invested in 0.02% or 4,985 shares. Royal Natl Bank Of Canada has 104,540 shares. Secor Advsrs LP invested 0.1% in Thor Industries, Inc. (NYSE:THO). Anderson Hoagland And Company owns 9,323 shares. Wellington Mgmt Group Incorporated Ltd Liability Partnership has invested 0% of its portfolio in Thor Industries, Inc. (NYSE:THO). Country Tru Bancorporation owns 200 shares for 0% of their portfolio.

Melvin Capital Management Lp decreased its stake in Thor Inds Inc (THO) by 14.71% based on its latest 2017Q4 regulatory filing with the SEC. Melvin Capital Management Lp sold 125,000 shares as the company’s stock declined 25.88% with the market. The institutional investor held 725,000 shares of the consumer non-durables company at the end of 2017Q4, valued at $109.27M, down from 850,000 at the end of the previous reported quarter. Melvin Capital Management Lp who had been investing in Thor Inds Inc for a number of months, seems to be less bullish one the $5.35 billion market cap company. The stock decreased 0.07% or $0.07 during the last trading session, reaching $101.59. About 508,120 shares traded. Thor Industries, Inc. (NYSE:THO) has risen 15.62% since April 23, 2017 and is uptrending. It has outperformed by 4.07% the S&P500.

Melvin Capital Management Lp, which manages about $10.55 billion US Long portfolio, upped its stake in Royal Caribbean Cruises Ltd (NYSE:RCL) by 105,000 shares to 355,000 shares, valued at $42.34 million in 2017Q4, according to the filing. It also increased its holding in Paypal Hldgs Inc by 1.79 million shares in the quarter, for a total of 2.23M shares, and has risen its stake in Mastercard Incorporated (NYSE:MA).

Analysts await Thor Industries, Inc. (NYSE:THO) to report earnings on June, 4. They expect $2.73 EPS, up 29.38 % or $0.62 from last year’s $2.11 per share. THO’s profit will be $143.85M for 9.30 P/E if the $2.73 EPS becomes a reality. After $1.92 actual EPS reported by Thor Industries, Inc. for the previous quarter, Wall Street now forecasts 42.19 % EPS growth.

Thor Industries, Inc. (NYSE:THO) Ratings Coverage

Among 7 analysts covering Thor Industries (NYSE:THO), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Thor Industries had 12 analyst reports since October 30, 2017 according to SRatingsIntel. On Thursday, January 25 the stock rating was downgraded by Northcoast to “Hold”. On Thursday, March 8 the stock rating was maintained by Stifel Nicolaus with “Hold”. The rating was maintained by Robert W. Baird on Monday, October 30 with “Buy”. The stock of Thor Industries, Inc. (NYSE:THO) has “Hold” rating given on Friday, February 9 by Stifel Nicolaus. The company was upgraded on Thursday, March 8 by Aegis Capital. Argus Research downgraded the stock to “Hold” rating in Friday, December 8 report. The stock has “Hold” rating by Stifel Nicolaus on Tuesday, November 28. The firm has “Hold” rating given on Tuesday, February 27 by Northcoast. The firm has “Hold” rating by Stifel Nicolaus given on Friday, December 22. As per Friday, March 16, the company rating was upgraded by Argus Research.

Thor Industries, Inc. (NYSE:THO) Institutional Positions Chart

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