Mohawk Group Holdings, Inc. (NASDAQ: MWK) Has Strong Institutional Shareholder Backing

Date : 02/27/2020 @ 5:40PM
Source :InvestorsHub NewsWire
Stock : Mohawk Group Holdings Inc (MWK)
Quote : 1.79  -0.145 (-7.49%) @ 7:56PM

Mohawk Group Holdings, Inc. (NASDAQ: MWK) Has Strong Institutional Shareholder Backing


 

Mohawk Group Holdings, Inc. (NASDAQ: MWK) Has Strong Institutional Shareholder Backing


Sacramento, CA -- February 27, 2020 -- InvestorsHub NewsWire -- via SpotlightGrowth.com -- Mohawk Group Holdings, Inc. (NASDAQ: MWK) is an exciting technology-enabled consumer goods company, which sells over 250 SKUs and has seen year-over-year net revenue growth of nearly 57%. Analysts continue to hold “buy” rating on Mohawk and an average price target of over $10.

The company’s proprietary artificial intelligence platform, AIMEE, is a driving force of success at Mohawk. AIMEE is capable of crunching large amounts of data, which can help Mohawk predict market trends, identify emerging opportunities, manage inventory, measure consumer sentiment and more.

Source: Mohawk Group









Mohawk’s impressive growth story continues to turn heads on Wall Street, as the company’s institutional investor roster sports some big names in the asset management industry. Here are Mohawk’s five largest institutional shareholders, as of January 31, 2020:

1. Rovida Advisors, Inc. – 3.04% Ownership of MWK

Rovida Advisors, Inc. is an asset management firm based out of Newark, New Jersey. According to SEC 13F filings from the fourth quarter 2019, Rovida maintains assets under management of around $1.89 billion. The asset manager has a very concentrated portfolio with its top ten holdings accounting for over 53% of the total portfolio.

As of the end of January 2020, Rovida Advisors was listed as Mohawk’s largest institutional shareholder with 536,466 shares or 3.04% ownership of MWK. Mohawk was a new position for Rovida Advisors when the stake was disclosed.

2. Intrinsic Edge Capital Management, LLC – 1.99% Ownership

Intrinsic Edge Capital Management, LLC (IECM) is a Chicago-based Registered investment Advisor (RIA). As of the end of 2019, the RIA reportedly held assets under management of around $750 million. IECM focuses on fundamentals and catalyst-driven opportunities across small and mid-cap U.S. equities.

IECM holds 350,000 shares of MWK, which equates to 1.99% ownership in the technology-based consumer goods company. This was not a new position for the RIA, but no new shares were added during the period ending January 31, 2020.

3. Hudson Bay Capital Management LP – 1.56% Ownership

Based out of New York, Hudson Bay Capital Management is a hedge fund that has assets under management of $4.49 billion, as of the fourth quarter 2019. Founded in 2005, Hudson Bay Capital has been managing outside investor assets since 2006.

As of the end of January 2020, Hudson Bay Capital held 274,358 shares of Mohawk, which equates to 1.56% total ownership in the company. This was not a new position for Hudson.

4. Morgan Stanley – 1.29%

Founded in 1935, Morgan Stanley is a global investment bank based out of New York. The investment bank has operations across 42 countries and maintains a roster of over 55,000 employees. As of September 2019, Morgan Stanley held assets under management of over $507 billion.

Morgan Stanley reportedly holds 228,206 shares or 1.29% of MWK within its brokerage accounts. This was a newly reported position for the period ending January 31, 2020.

5. Vanguard Group, Inc. – 0.93% Ownership

Vanguard is the second largest asset management firm in the world, when looking at assets under management. Only BlackRock is larger than Vanguard. As of March 2019, Vanguard held assets under management of $5.6 trillion, thanks to the company’s pioneering on low-cost mutual funds and ETFs.

As of January 31, 2020, Vanguard Group holds 163,230 shares or 0.93% ownership in Mohawk Group. This was listed as a new position for the asset manager.

Other Notable Top Institutional Investors in Mohawk Group

Outside of the top five institutional investors, Mohawk still has some backing from top-tier firms. BlackRock, the world’s largest asset management firm, is the sixth largest institutional shareholder of Mohawk, with 9,600 shares or 0.05% ownership in the company. The world’s third largest asset management firm, UBS, is also a shareholder of Mohawk. As of January 2020, UBS held 1,746 shares or 0.01% ownership in MWK.

Overall, Mohawk has very notable institutional shareholders, including the world’s first, second, and third largest asset management firms (BlackRock, Vanguard, UBS). Morgan Stanley’s strong position in Mohawk is another major addition to the company’s bullish case. Factor in world-renowned hedge fund, Hudson Bay Capital, and smaller investment firms, and you have a winning combination of institutional backing. For retail shareholders and the management team of Mohawk, these institutional investors are a confirmation that the company is on the right path.

Disclaimer:

Spotlight Growth is compensated, either directly or via a third party, to provide investor relations services for its clients. Spotlight Growth creates exposure for companies through a customized marketing strategy, including design of promotional material, the drafting and editing of press releases and media placement.

All information on featured companies is provided by the companies profiled, or is available from public sources. Spotlight Growth and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. The information contained herein is based on external sources that Spotlight Growth believes to be reliable, but its accuracy is not guaranteed. Spotlight Growth may create reports and content that has been compensated by a company or third-parties, or for purposes of self-marketing. Spotlight Growth was compensated five thousand dollars for the creation and dissemination of this content by the company.

This material does not represent a solicitation to buy or sell any securities. Certain statements contained herein constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company's plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company's industry, management's beliefs and certain assumptions made by management.

The above communication, the attachments and external Internet links provided are intended for informational purposes only and are not to be interpreted by the recipient as a solicitation to participate in securities offerings.  Investments referenced may not be suitable for all investors and may not be permissible in certain jurisdictions.

Spotlight Growth and its affiliates, officers, directors, and employees may have bought or sold or may buy or sell shares in the companies discussed herein, which may be acquired prior, during or after the publication of these marketing materials. Spotlight Growth, its affiliates, officers, directors, and employees may sell the stock of said companies at any time and may profit in the event those shares rise in value. For more information on our disclosures, please visit: http://spotlightgrowth.com/index.php/disclosures/

Source: SpotlightGrowth.com

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