Kynikos Associates LP Has Decreased Lowes Cos INC (LOW) Position by $5.41 Million

April 25, 2018 - By Vivian Park

Lowe's Companies, Inc. (NYSE:LOW) LogoInvestors sentiment decreased to 1.01 in Q4 2017. Its down 0.03, from 1.04 in 2017Q3. It dived, as 48 investors sold LOW shares while 437 reduced holdings. 138 funds opened positions while 351 raised stakes. 585.84 million shares or 0.67% less from 589.78 million shares in 2017Q3 were reported. 47,292 were reported by Mendel Money Mgmt. Hudock Capital Group Limited Co holds 976 shares. Cannell Peter B & holds 0.16% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW) for 49,215 shares. State Treasurer State Of Michigan invested in 256,925 shares. Brandywine Invest Management Limited Liability Company holds 815,820 shares or 0.45% of its portfolio. Retail Bank holds 0.6% or 59,994 shares in its portfolio. Fincl Bank Of The Ozarks invested in 9,925 shares or 0.35% of the stock. Guyasuta Inv Advsr holds 285,253 shares. Bahl And Gaynor invested 0.07% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). University Of Notre Dame Du Lac holds 1.74% or 90,228 shares. Commerce Bancorp owns 0.68% invested in Lowe's Companies, Inc. (NYSE:LOW) for 564,479 shares. Patten Grp Inc has invested 0.28% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). Advantus Capital Management Inc invested 0.2% of its portfolio in Lowe's Companies, Inc. (NYSE:LOW). Coastline Trust Com owns 11,090 shares or 0.16% of their US portfolio. Telemus Capital Limited Liability Co reported 10,697 shares or 0.08% of all its holdings.

Jim Chanos decreased its stake in Lowes Cos Inc (LOW) by 75.98% based on its latest 2017Q4 regulatory filing with the SEC. Kynikos Associates Lp sold 58,811 shares as the company’s stock declined 5.74% with the market. The hedge fund run by Jim Chanos held 18,589 shares of the consumer services company at the end of 2017Q4, valued at $1.73M, down from 77,400 at the end of the previous reported quarter. Kynikos Associates Lp who had been investing in Lowes Cos Inc for a number of months, seems to be less bullish one the $68.46B market cap company. The stock decreased 1.23% or $1.03 during the last trading session, reaching $82.91. About 5.44 million shares traded. Lowe's Companies, Inc. (NYSE:LOW) has risen 5.39% since April 25, 2017 and is uptrending. It has underperformed by 6.16% the S&P500.

Kynikos Associates Lp, which manages about $4.02 billion and $282.03M US Long portfolio, upped its stake in Ishares Tr (IWM) by 160,559 shares to 254,459 shares, valued at $38.80M in 2017Q4, according to the filing.

Analysts await Lowe's Companies, Inc. (NYSE:LOW) to report earnings on May, 23. They expect $1.29 EPS, up 25.24 % or $0.26 from last year’s $1.03 per share. LOW’s profit will be $1.07B for 16.07 P/E if the $1.29 EPS becomes a reality. After $0.74 actual EPS reported by Lowe's Companies, Inc. for the previous quarter, Wall Street now forecasts 74.32 % EPS growth.

Lowe's Companies, Inc. (NYSE:LOW) Ratings Coverage

Among 23 analysts covering Lowe’s (NYSE:LOW), 16 have Buy rating, 0 Sell and 7 Hold. Therefore 70% are positive. Lowe’s had 42 analyst reports since October 30, 2017 according to SRatingsIntel. Barclays Capital upgraded it to “Buy” rating and $120.0 target in Friday, January 5 report. The company was maintained on Monday, February 12 by RBC Capital Markets. The rating was upgraded by Telsey Advisory Group to “Outperform” on Thursday, January 25. The company was maintained on Thursday, March 1 by Deutsche Bank. The rating was maintained by Guggenheim with “Buy” on Tuesday, January 30. The company was upgraded on Monday, November 27 by Raymond James. The rating was maintained by Stifel Nicolaus on Wednesday, January 24 with “Buy”. UBS maintained the stock with “Buy” rating in Thursday, November 23 report. Robert W. Baird maintained Lowe's Companies, Inc. (NYSE:LOW) rating on Tuesday, January 2. Robert W. Baird has “Buy” rating and $110.0 target. As per Wednesday, November 22, the company rating was maintained by RBC Capital Markets.

Lowe's Companies, Inc. (NYSE:LOW) Institutional Positions Chart

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