Melvin Capital Management LP Raised Thor Inds INC (THO) Stake by $211.23 Million

Thor Industries, Inc. (NYSE:THO) LogoInvestors sentiment increased to 1.09 in 2018 Q2. Its up 0.13, from 0.96 in 2018Q1. It improved, as 68 investors sold THO shares while 118 reduced holdings. 70 funds opened positions while 132 raised stakes. 44.32 million shares or 1.93% less from 45.19 million shares in 2018Q1 were reported. 11,166 were accumulated by Creative Planning. Dimensional Fund Advisors Limited Partnership holds 0.03% or 667,941 shares. Gsa Prtn Llp reported 7,058 shares. 5,800 are owned by Bluestein R H And. Grp Inc Inc, New York-based fund reported 98,885 shares. New Mexico Educational Retirement Board reported 11,500 shares. Liberty Mutual Grp Asset Management Incorporated has invested 0.03% in Thor Industries, Inc. (NYSE:THO). Moreover, Patten Grp Incorporated has 0.02% invested in Thor Industries, Inc. (NYSE:THO) for 400 shares. Bnp Paribas Arbitrage invested in 0% or 35,331 shares. Weiss Multi has invested 0.04% in Thor Industries, Inc. (NYSE:THO). State Common Retirement Fund holds 120,020 shares. Paloma Mngmt invested in 0.02% or 11,715 shares. Utd Cap Fincl Advisers Limited Liability holds 3,987 shares or 0% of its portfolio. Ubs Asset Americas stated it has 80,286 shares. 19,200 were accumulated by Psagot Invest House.

Since October 9, 2018, it had 1 insider buy, and 0 sales for $408,700 activity.

Melvin Capital Management Lp increased its stake in Thor Inds Inc (THO) by 247.63% based on its latest 2018Q2 regulatory filing with the SEC. Melvin Capital Management Lp bought 2.18 million shares as the company’s stock declined 3.71% while stock markets rallied. The institutional investor held 3.06 million shares of the consumer non-durables company at the end of 2018Q2, valued at $297.72 million, up from 879,400 at the end of the previous reported quarter. Melvin Capital Management Lp who had been investing in Thor Inds Inc for a number of months, seems to be bullish on the $3.26B market cap company. The stock increased 2.29% or $1.38 during the last trading session, reaching $61.72. About 1.43 million shares traded or 19.40% up from the average. Thor Industries, Inc. (NYSE:THO) has declined 14.37% since December 8, 2017 and is downtrending. It has underperformed by 29.99% the S&P500.

Melvin Capital Management Lp, which manages about $11.06 billion US Long portfolio, decreased its stake in Mgm Resorts International (Call) (NYSE:MGM) by 1.84M shares to 800,000 shares, valued at $23.22M in 2018Q2, according to the filing. It also reduced its holding in Sherwin Williams Co (NYSE:SHW) by 60,000 shares in the quarter, leaving it with 90,000 shares, and cut its stake in Adobe Sys Inc (NASDAQ:ADBE).

More notable recent Thor Industries, Inc. (NYSE:THO) news were published by: Seekingalpha.com which released: “Is Thor Cracking? – Seeking Alpha” on September 24, 2018, also Fool.com with their article: “Wall Street Has Given Up on These 3 Stocks, and That’s a Huge Mistake – The Motley Fool” published on December 02, 2018, Benzinga.com published: “Earnings Scheduled For December 6, 2018 – Benzinga” on December 06, 2018. More interesting news about Thor Industries, Inc. (NYSE:THO) were released by: Streetinsider.com and their article: “Pre-Open Movers 12/06: (TST) (MIK) (SHPG) Higher; (CNAT) (NPTN) (HOME) Lower (more…) – StreetInsider.com” published on December 06, 2018 as well as Benzinga.com‘s news article titled: “10 Stocks To Watch For December 6, 2018 – Benzinga” with publication date: December 06, 2018.

Thor Industries, Inc. (NYSE:THO) Ratings Coverage

Among 3 analysts covering Thor Industries (NYSE:THO), 3 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Thor Industries had 4 analyst reports since June 21, 2018 according to SRatingsIntel. The firm has “Buy” rating by Sidoti given on Friday, August 10. As per Tuesday, November 27, the company rating was maintained by SunTrust. The firm has “Buy” rating given on Thursday, June 21 by Citigroup. On Thursday, October 4 the stock rating was maintained by Citigroup with “Buy”.

Thor Industries, Inc. (NYSE:THO) Institutional Positions Chart

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