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As Michaels Stores INC Com (MIK) Stock Declined, Reinhart Partners INC Has Upped by $9.14 Million Its Position

The Michaels Companies, Inc. (NASDAQ:MIK) LogoInvestors sentiment increased to 1.33 in 2018 Q2. Its up 0.01, from 1.32 in 2018Q1. It increased, as 28 investors sold MIK shares while 73 reduced holdings. 48 funds opened positions while 86 raised stakes. 194.44 million shares or 1.92% more from 190.77 million shares in 2018Q1 were reported. Federated Investors Inc Pa holds 0.01% or 129,542 shares in its portfolio. Brandywine Invest Ltd Liability Co reported 528,965 shares. Goldman Sachs Group Incorporated stated it has 477,442 shares. Pinebridge Ltd Partnership reported 0% of its portfolio in The Michaels Companies, Inc. (NASDAQ:MIK). Nuveen Asset Mgmt Limited Liability holds 14,500 shares. Piedmont Inv Advsr Limited reported 36 shares stake. Meeder Asset Mngmt owns 2,730 shares for 0% of their portfolio. Earnest Prtnrs Ltd Liability Com reported 30 shares. Teachers Retirement Of The State Of Kentucky holds 74,759 shares. Blackrock reported 9.46 million shares or 0.01% of all its holdings. New York State Common Retirement Fund holds 0.01% or 232,000 shares in its portfolio. Dekabank Deutsche Girozentrale has invested 0.03% of its portfolio in The Michaels Companies, Inc. (NASDAQ:MIK). Manufacturers Life The holds 178,787 shares or 0% of its portfolio. James Rech invested in 31,995 shares or 0.02% of the stock. Aqr holds 0.01% of its portfolio in The Michaels Companies, Inc. (NASDAQ:MIK) for 716,551 shares.

Reinhart Partners Inc increased its stake in Michaels Stores Inc Com (MIK) by 38.72% based on its latest 2018Q2 regulatory filing with the SEC. Reinhart Partners Inc bought 480,819 shares as the company’s stock declined 20.57% while stock markets rallied. The institutional investor held 1.72 million shares of the consumer services company at the end of 2018Q2, valued at $33.02 million, up from 1.24 million at the end of the previous reported quarter. Reinhart Partners Inc who had been investing in Michaels Stores Inc Com for a number of months, seems to be bullish on the $3.04 billion market cap company. The stock decreased 0.28% or $0.05 during the last trading session, reaching $17.72. About 2.03M shares traded. The Michaels Companies, Inc. (NASDAQ:MIK) has declined 20.20% since November 10, 2017 and is downtrending. It has underperformed by 35.82% the S&P500.

Reinhart Partners Inc, which manages about $4.85B and $1.04 billion US Long portfolio, decreased its stake in Ryman Hospitality Ppty Com (NYSE:RHP) by 130,326 shares to 190,843 shares, valued at $15.87M in 2018Q2, according to the filing. It also reduced its holding in Newfield Exploration C (NYSE:NFX) by 503,862 shares in the quarter, leaving it with 451,026 shares, and cut its stake in Bok Finl Corp Com New (NASDAQ:BOKF).

The Michaels Companies, Inc. (NASDAQ:MIK) Ratings Coverage

Among 3 analysts covering Michaels Companies (NASDAQ:MIK), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Michaels Companies had 3 analyst reports since August 31, 2018 according to SRatingsIntel. The firm has “Hold” rating by Deutsche Bank given on Friday, August 31. As per Friday, August 31, the company rating was maintained by Wells Fargo. The firm earned “Overweight” rating on Thursday, October 11 by Morgan Stanley.

The Michaels Companies, Inc. (NASDAQ:MIK) Ratings Chart

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