As Michaels Cos (MIK) Share Price Declined, Holder Acadian Asset Management Has Trimmed Its Stake; Cullinan Associates Trimmed Its Holding in Johnson Controls (JCI) by $820,000

January 16, 2018 - By Migdalia James

Acadian Asset Management Llc decreased its stake in Michaels Cos Inc (MIK) by 81.8% based on its latest 2017Q3 regulatory filing with the SEC. Acadian Asset Management Llc sold 16,695 shares as the company’s stock declined 4.62% while stock markets rallied. The institutional investor held 3,714 shares of the consumer services company at the end of 2017Q3, valued at $80,000, down from 20,409 at the end of the previous reported quarter. Acadian Asset Management Llc who had been investing in Michaels Cos Inc for a number of months, seems to be less bullish one the $4.62B market cap company. The stock increased 1.84% or $0.46 during the last trading session, reaching $25.49. About 596,883 shares traded. The Michaels Companies, Inc. (NASDAQ:MIK) has declined 29.62% since January 16, 2017 and is downtrending. It has underperformed by 46.32% the S&P500.

Cullinan Associates Inc decreased its stake in Johnson Controls Inc (JCI) by 15.54% based on its latest 2017Q3 regulatory filing with the SEC. Cullinan Associates Inc sold 20,500 shares as the company’s stock rose 1.65% with the market. The institutional investor held 111,400 shares of the consumer durables company at the end of 2017Q3, valued at $4.49M, down from 131,900 at the end of the previous reported quarter. Cullinan Associates Inc who had been investing in Johnson Controls Inc for a number of months, seems to be less bullish one the $37.22 billion market cap company. The stock increased 1.06% or $0.42 during the last trading session, reaching $40.22. About 2.53M shares traded. Johnson Controls International plc (NYSE:JCI) has risen 13.24% since January 16, 2017 and is uptrending. It has underperformed by 3.46% the S&P500.

Investors sentiment increased to 0.75 in 2017 Q3. Its up 0.25, from 0.5 in 2017Q2. It is positive, as 5 investors sold JCI shares while 3 reduced holdings. 1 funds opened positions while 5 raised stakes. 999,054 shares or 44.59% less from 1.80 million shares in 2017Q2 were reported. Altfest L J And Commerce reported 0.12% of its portfolio in Johnson Controls International plc (NYSE:JCI). 111,400 are owned by Cullinan Associates Incorporated. Cleararc Capital invested in 0.14% or 23,953 shares. Alphamark Limited Com reported 95 shares stake. Cibc Mkts Corp holds 135,808 shares or 0.05% of its portfolio. Vantage Advisors Ltd Limited Liability Company accumulated 765 shares. Edge Wealth Management Ltd Liability Corporation has 270 shares. Cutler Cap Mgmt Ltd Co holds 19,000 shares or 0.34% of its portfolio. Schwartz Counsel Inc invested in 1.74% or 689,554 shares. Farmers Commercial Bank invested in 0.08% or 3,380 shares. American Rech & stated it has 0.01% of its portfolio in Johnson Controls International plc (NYSE:JCI). Moreover, Gemmer Asset Limited Liability Corporation has 0.01% invested in Johnson Controls International plc (NYSE:JCI) for 346 shares.

Among 25 analysts covering Johnson Controls Inc. (NYSE:JCI), 14 have Buy rating, 1 Sell and 10 Hold. Therefore 56% are positive. Johnson Controls Inc. had 77 analyst reports since July 28, 2015 according to SRatingsIntel. UBS maintained Johnson Controls International plc (NYSE:JCI) rating on Monday, July 27. UBS has “Buy” rating and $62 target. As per Friday, January 12, the company rating was maintained by Susquehanna. The firm has “Hold” rating given on Wednesday, January 3 by RBC Capital Markets. The stock has “Buy” rating by Oppenheimer on Thursday, July 27. The company was maintained on Tuesday, November 1 by Goldman Sachs. The stock of Johnson Controls International plc (NYSE:JCI) has “Overweight” rating given on Monday, October 2 by Morgan Stanley. The firm earned “Outperform” rating on Wednesday, September 28 by Cowen & Co. As per Monday, October 24, the company rating was initiated by Goldman Sachs. As per Friday, October 2, the company rating was upgraded by Nomura. The stock of Johnson Controls International plc (NYSE:JCI) has “Hold” rating given on Tuesday, December 6 by Gabelli.

Cullinan Associates Inc, which manages about $1.27B and $1.30 billion US Long portfolio, upped its stake in Charles Schwab Corp (NYSE:SCHW) by 24,700 shares to 127,000 shares, valued at $5.56M in 2017Q3, according to the filing. It also increased its holding in American Express Co (NYSE:AXP) by 9,400 shares in the quarter, for a total of 89,227 shares, and has risen its stake in Emerson Electric Company (NYSE:EMR).

Analysts await Johnson Controls International plc (NYSE:JCI) to report earnings on February, 7. They expect $0.52 EPS, down 1.89% or $0.01 from last year’s $0.53 per share. JCI’s profit will be $481.23M for 19.34 P/E if the $0.52 EPS becomes a reality. After $0.87 actual EPS reported by Johnson Controls International plc for the previous quarter, Wall Street now forecasts -40.23% negative EPS growth.

Among 15 analysts covering Michaels Companies Inc (NASDAQ:MIK), 8 have Buy rating, 2 Sell and 5 Hold. Therefore 53% are positive. Michaels Companies Inc had 31 analyst reports since August 25, 2015 according to SRatingsIntel. Credit Suisse upgraded the shares of MIK in report on Tuesday, September 6 to “Outperform” rating. The rating was maintained by Macquarie Research with “Neutral” on Friday, December 4. The firm earned “Buy” rating on Friday, June 16 by Bank of America. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, January 17. As per Friday, October 27, the company rating was downgraded by PiperJaffray. The stock of The Michaels Companies, Inc. (NASDAQ:MIK) earned “Buy” rating by Goldman Sachs on Thursday, January 21. The firm has “Market Perform” rating given on Wednesday, December 7 by Raymond James. The stock has “Hold” rating by Piper Jaffray on Thursday, August 24. Piper Jaffray maintained The Michaels Companies, Inc. (NASDAQ:MIK) rating on Friday, September 29. Piper Jaffray has “Hold” rating and $18.0 target. The stock of The Michaels Companies, Inc. (NASDAQ:MIK) earned “Buy” rating by J.P. Morgan on Monday, July 24.

Analysts await The Michaels Companies, Inc. (NASDAQ:MIK) to report earnings on March, 6. They expect $1.18 EPS, up 22.92% or $0.22 from last year’s $0.96 per share. MIK’s profit will be $213.87 million for 5.40 P/E if the $1.18 EPS becomes a reality. After $0.44 actual EPS reported by The Michaels Companies, Inc. for the previous quarter, Wall Street now forecasts 168.18% EPS growth.

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