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.
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.
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