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The Michaels Companies, Inc. (MIK) Reaches $18.02 After 9.00% Down Move; Lakewood Capital Management LP Boosted By $1.48 Million Its Asbury Automotive Group (ABG) Holding

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The stock of The Michaels Companies, Inc. (NASDAQ:MIK) is a huge mover today! The stock decreased 17.81% or $3.91 during the last trading session, reaching $18.02. About 12.99 million shares traded or 528.31% up from the average. The Michaels Companies, Inc. (NASDAQ:MIK) has declined 3.71% since June 14, 2017 and is downtrending. It has underperformed by 16.28% the S&P500. Some Historical MIK News: ; 22/03/2018 – Michaels Cos. Sees FY18 Sales $5.22B-$5.3B; 22/03/2018 – Michaels Cos. to Rebrand Framerspointe.com as AaronBrothers.com; 15/05/2018 – Michaels Recalls Halloween Candle Holders Due to Fire and Burn Hazards; 22/03/2018 – Michaels Cos. Sees FY18 Adj EPS $2.19-Adj EPS $2.32; 22/03/2018 – Michaels Cos. 4Q Adj EPS $1.19; 04/04/2018 – Michaels and Sequential Brands Group Announce Expansion of Martha Stewart Offerings; 22/03/2018 – Michaels Cos. to Close 94 Full-Size Aaron Brothers Stores, Reposition Aaron Brothers as a ‘Store-Within-a-Store’; 17/05/2018 – Michaels Recalls Spin Art Kits Due to Fire and Burn Hazards; 21/03/2018 – Crafts retailer Michaels to close all Aaron Brothers stores; 17/05/2018 – CPSC: MICHAELS RECALLS POTTERY WHEEL KITS FOR FIRE-BURN HAZARDThe move comes after 7 months negative chart setup for the $3.28 billion company. It was reported on Jun, 14 by Barchart.com. We have $16.40 PT which if reached, will make NASDAQ:MIK worth $295.29 million less.

Lakewood Capital Management Lp increased Asbury Automotive Group Inc (ABG) stake by 5.65% reported in 2018Q1 SEC filing. Lakewood Capital Management Lp acquired 22,100 shares as Asbury Automotive Group Inc (ABG)’s stock rose 0.94%. The Lakewood Capital Management Lp holds 413,429 shares with $27.91 million value, up from 391,329 last quarter. Asbury Automotive Group Inc now has $1.52B valuation. The stock increased 0.96% or $0.7 during the last trading session, reaching $73.45. About 29,156 shares traded. Asbury Automotive Group, Inc. (NYSE:ABG) has risen 25.36% since June 14, 2017 and is uptrending. It has outperformed by 12.79% the S&P500. Some Historical ABG News: ; 15/05/2018 – Asbury Auto May Benefit, Industry Sales Post 14th Straight Gain; 24/04/2018 – ASBURY AUTOMOTIVE GROUP INC QTRLY TOTAL REVENUE $1,609.2 MLN VS $1,551.7 MLN; 25/04/2018 – Sen. Inhofe: Inhofe Meets with CACI CEO Ken Asbury; 24/04/2018 – ASBURY AUTOMOTIVE 1Q EPS $1.93; 15/03/2018 – ABRAMS CAPITAL MANAGEMENT SAYS CONCERNED ABOUT GOVERNANCE OF ASBURY AUTOMOTIVE DUE TO SCOTT THOMPSON’S RESIGNATION FROM BOARD; 24/04/2018 – Asbury Automotive 1Q Rev $1.61B; 19/03/2018 – TripleCare Launches Telemedicine Services at Asbury Communities; 15/03/2018 – ABRAMS CAPITAL MANAGEMENT LP REPORTS A 5.2 PCT STAKE IN ASBURY AUTOMOTIVE GROUP AS OF MARCH 14 – SEC FILING; 15/03/2018 – Legendary Hangout And Music Venue Asbury Lanes To Rock Again This Summer After Faithful Restoration That Celebrates The Soul Of Asbury Park; 12/03/2018 – Asbury Auto Closes Below 50-Day Moving Average: Technicals

Since February 7, 2018, it had 0 insider purchases, and 7 insider sales for $4.54 million activity. MONAGHAN CRAIG T had sold 28,575 shares worth $1.96M. Stax William Frederick sold 1,600 shares worth $108,304. DELOACH THOMAS C JR had sold 15,000 shares worth $1.10M. The insider Karolis George sold 3,150 shares worth $219,051. Another trade for 1,000 shares valued at $66,180 was made by JAMES JUANITA T on Friday, March 2. REDDIN THOMAS had sold 1,500 shares worth $103,500. $973,239 worth of stock was sold by Villasana George A on Wednesday, June 6.

Among 8 analysts covering Asbury Automotive (NYSE:ABG), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. Asbury Automotive had 26 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Underweight” rating by Morgan Stanley given on Wednesday, March 14. On Friday, September 8 the stock rating was maintained by Jefferies with “Hold”. Buckingham Research upgraded Asbury Automotive Group, Inc. (NYSE:ABG) rating on Monday, August 31. Buckingham Research has “Neutral” rating and $75 target. The firm has “Hold” rating by Jefferies given on Monday, April 11. As per Tuesday, September 8, the company rating was upgraded by Craig Hallum. On Tuesday, January 12 the stock rating was downgraded by Craig Hallum to “Hold”. The firm earned “Hold” rating on Monday, October 26 by BB&T Capital. The rating was maintained by Craig Hallum on Wednesday, February 7 with “Hold”. The rating was upgraded by Bank of America on Thursday, October 22 to “Buy”. The stock has “Buy” rating by Buckingham Research on Tuesday, February 23.

More recent Asbury Automotive Group, Inc. (NYSE:ABG) news were published by: Globenewswire.com which released: “Detailed Research: Economic Perspectives on Stein Mart, Asbury Automotive Group, Sprint, The Kraft Heinz, Allergan …” on June 14, 2018. Also Seekingalpha.com published the news titled: “Auto dealership names higher on M&A buzz” on June 11, 2018. Globenewswire.com‘s news article titled: “Market Trends Toward New Normal in Castlight Health, inc, Marriot Vacations Worldwide, AnaptysBio, Compass …” with publication date: May 18, 2018 was also an interesting one.

Investors sentiment decreased to 1.14 in Q1 2018. Its down 0.21, from 1.35 in 2017Q4. It dived, as 16 investors sold ABG shares while 53 reduced holdings. 27 funds opened positions while 52 raised stakes. 20.46 million shares or 4.99% less from 21.54 million shares in 2017Q4 were reported. Ameritas Inv Ptnrs invested in 0.01% or 1,586 shares. River Road Asset Mngmt Ltd Company holds 0.73% of its portfolio in Asbury Automotive Group, Inc. (NYSE:ABG) for 533,520 shares. Ingalls & Snyder Limited Liability Corporation has invested 0.01% in Asbury Automotive Group, Inc. (NYSE:ABG). Systematic Mngmt Lp reported 18,155 shares. Sawgrass Asset Management Limited Liability Co reported 0.01% stake. Martingale Asset Mgmt Limited Partnership, Massachusetts-based fund reported 32,916 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Management holds 16,900 shares or 0.01% of its portfolio. Convergence Partners Ltd Co holds 0.14% of its portfolio in Asbury Automotive Group, Inc. (NYSE:ABG) for 15,914 shares. First Manhattan accumulated 249,465 shares or 0.1% of the stock. 20,445 were reported by Jennison Llc. Kbc Grp Incorporated Nv has invested 0.01% of its portfolio in Asbury Automotive Group, Inc. (NYSE:ABG). Shell Asset Management Com reported 20,123 shares. Bancshares Of Montreal Can holds 0% of its portfolio in Asbury Automotive Group, Inc. (NYSE:ABG) for 408 shares. Quantitative Systematic Strategies, a Connecticut-based fund reported 3,844 shares. Century invested in 82,600 shares or 0.01% of the stock.

The Michaels Companies, Inc. owns and operates arts and crafts specialty retail stores in North America. The company has market cap of $3.28 billion. It operates Michaels stores that offer approximately 33,000 stock-keeping units in crafts, home decor and seasonal, framing, and paper crafting; and Aaron Brothers stores, which offer approximately 5,900 SKUs, including photo frames, a line of ready-made frames, art prints, framed art, art supplies, and custom framing. It has a 8.6 P/E ratio. The firm also operates Pat CatanÂ’s stores that provide approximately 53,000 SKUs, including an assortment of kids craft items, fine art supplies, yarn, floral supplies, scrapbooking materials, home decor, bakeware, and wedding related merchandise.

More notable recent The Michaels Companies, Inc. (NASDAQ:MIK) news were published by: Nasdaq.com which released: “Mid-Morning Market Update: Markets Open Higher; Michaels Companies Issues Weak Forecast” on June 14, 2018, also Streetinsider.com with their article: “Pre-Open Movers 06/14: (DEST) (ETSY) (TLGT) Higher; (MIK) (TLRD) (AQMS) Lower (more…)” published on June 14, 2018, Benzinga.com published: “23 Stocks Moving In Thursday’s Pre-Market Session” on June 14, 2018. More interesting news about The Michaels Companies, Inc. (NASDAQ:MIK) were released by: Nasdaq.com and their article: “3 Things to Watch in the Stock Market This Week” published on June 10, 2018 as well as Benzinga.com‘s news article titled: “Mid-Day Market Update: Destination Maternity Climbs After Q1 Results; Tailored Brands Shares Slide” with publication date: June 14, 2018.

Among 19 analysts covering Michaels Companies Inc (NASDAQ:MIK), 13 have Buy rating, 2 Sell and 4 Hold. Therefore 68% are positive. Michaels Companies Inc had 44 analyst reports since August 25, 2015 according to SRatingsIntel. PiperJaffray downgraded The Michaels Companies, Inc. (NASDAQ:MIK) on Monday, March 27 to “Neutral” rating. Morgan Stanley downgraded the shares of MIK in report on Monday, March 7 to “Equal-Weight” rating. Piper Jaffray maintained The Michaels Companies, Inc. (NASDAQ:MIK) on Monday, March 5 with “Sell” rating. The rating was maintained by Stephens with “Buy” on Thursday, March 22. The rating was downgraded by Raymond James to “Market Perform” on Wednesday, December 7. The stock has “Neutral” rating by JP Morgan on Tuesday, July 19. The rating was maintained by Guggenheim on Thursday, March 22 with “Buy”. The company was upgraded on Tuesday, September 6 by Credit Suisse. The rating was downgraded by PiperJaffray on Friday, October 27 to “Underweight”. The stock has “Neutral” rating by Macquarie Research on Friday, December 4.

Asbury Automotive Group, Inc. (NYSE:ABG) Institutional Positions Chart

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