Aaron’s Inc (NYSE:AAN).
Arrowstreet Capital, Limited Partnership says it sold 62,552 shares in quarter ending 09/30/2017 decreasing its holdings in Aaron’s Inc by 8.9%. Its stake was valued at $27,913,000 an increase of 2.2% according to the filing.
Arrowstreet Capital, Limited Partnership isn’t the only one who has changed their investment in AAN. Schwab Charles Investment Management Inc reduced its ownership by selling 533 shares a decrease of 0.1% in the quarter. Schwab Charles Investment Management Inc owns 480,437 shares valued at $20,962,000. The total value of its holdings increased 12.0%. As of the end of the quarter Millennium Management LLC had bought a total of 515,546 shares growing its stake by 981.5%. The value of the total investment in Aaron’s Inc increased from $2,043,000 to $24,785,000 a change of 1,113.2% since the last quarter.
First Pacific Advisors, LLC trimmed its stake by shedding 582,370 shares a decrease of 48.5%. First Pacific Advisors, LLC controls 617,999 shares worth $26,963,000. The value of the position overall is down by 42.3%.
On October 18 analysts at Janney Montgomery Scott issued a report on AAN by announcing an initial rating of “Neutral”. October 12 investment analysts at Jefferies Group LLC made no change to the company rating of “Buy” with a current price target of $54.00.
On September 18, 2017 Off Wall Street released research on AAN with a rating of “Sell”.
The company is up by 0.36% percent from yesterday’s close. The P/E ratio is 18.97 and the market cap of the company is 2.54B. In the latest earnings report the EPS was $1.89 with 70.76M shares outstanding.
Traders are feeling more bullish on shares of Aaron’s Inc if you put credence in the decrease in short interest. The firm saw a fall in short interest from October 13, 2017 to October 31, 2017 of -16.90%. Short interest fell from 6,208,980 to 5,159,953 over that period. With short interest at 5,159,953 and short average daily volume at 1,039,147, the short-interest ratio is 5.0 and the short interest percentage is 0.07% as of October 31.Advertisement