Notable Ownership Action: Appliance Recycling Centers Of America Inc (NASDAQ:ARCI) Institutional Investors Sentiment Index Up in 2016 Q2

November 21, 2016 - By Darrin Black   ·   0 Comments

Notable Ownership Action: Appliance Recycling Centers Of America Inc (NASDAQ:ARCI) Institutional Investors Sentiment Index  Up in  2016 Q2

Sentiment for Appliance Recycling Centers Of America Inc (NASDAQ:ARCI)

Appliance Recycling Centers Of America Inc (NASDAQ:ARCI) institutional sentiment increased to 2.5 in Q2 2016. Its up 0.50, from 2 in 2016Q1. The ratio is more positive, as 4 investment professionals opened new or increased stock positions, while 2 trimmed and sold equity positions in Appliance Recycling Centers Of America Inc. The investment professionals in our partner’s database now possess: 406,246 shares, down from 452,792 shares in 2016Q1. Also, the number of investment professionals holding Appliance Recycling Centers Of America Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 0 Increased: 3 New Position: 1.

Appliance Recycling Centers of America, Inc. is engaged in the business of selling and recycling household appliances in North America. The company has a market cap of $7.90 million. The Firm has two divisions: recycling and retail. It currently has negative earnings. The Firm sells household appliances in the United States though its chain of Company-owned retail stores, operating under the name ApplianceSmart.

About 34,684 shares traded hands. Appliance Recycling Centers of America (NASDAQ:ARCI) has declined 3.54% since April 19, 2016 and is downtrending. It has underperformed by 7.40% the S&P500.

According to Zacks Investment Research, “Appliance Recycling Centers of America, Inc., the nation’s largest recycler of major household appliances, provides and integrated range of collection, reuse and recycling services.”

Perkins Capital Management Inc holds 0.24% of its portfolio in Appliance Recycling Centers of America for 180,254 shares. First Wilshire Securities Management Inc owns 15,000 shares or 0.01% of their US portfolio. Moreover, Bank Of New York Mellon Corp has 0% invested in the company for 10,113 shares. The California-based Blackrock Fund Advisors has invested 0% in the stock. Renaissance Technologies Llc, a New York-based fund reported 171,000 shares.#img1#

ARCI Company Profile

Appliance Recycling Centers of America, Inc., incorporated on June 27, 1983, is engaged in the business of selling and recycling household appliances in North America. The Firm has two divisions: recycling and retail. The Firm sells household appliances in the United States though its chain of Company-owned retail stores, operating under the name ApplianceSmart. ApplianceSmart operates 18 stores, which include six in the Minneapolis/St. Paul market; a store in Rochester, Minnesota; a store in St. Cloud, Minnesota; four in the Columbus, Ohio market; four in the Atlanta, Georgia market, and two in the San Antonio, Texas market. The Company’s recycling segment focuses on collecting, recycling and installing appliances for utilities and other customers. The Company’s recycling segment also focuses on the agreement with General Electric (GE). GE sells its recyclable appliances in certain regions of the United States to the Company, and the Company collects, processes and recycles the appliances. These appliances include units manufactured by GE, as well as by other manufacturers. The Company’s retail segment focuses on the sale of appliances through ApplianceSmart stores.

More notable recent Appliance Recycling Centers of America (NASDAQ:ARCI) news were published by: Prnewswire.com which released: “Appliance Recycling Centers of America Announces Significant Increase in Call …” on December 02, 2015, also Startribune.com with their article: “Appliance Recycling Centers of America CEO Jack Cameron retires for second time” published on February 29, 2016, Prnewswire.com published: “Appliance Recycling Centers of America (ARCA) Contract with Xcel Energy …” on December 14, 2015. More interesting news about Appliance Recycling Centers of America (NASDAQ:ARCI) were released by: Prnewswire.com and their article: “Appliance Recycling Centers of America, Inc. (ARCA) Announces Appointment of …” published on January 21, 2016 as well as Prnewswire.com‘s news article titled: “ARCA Announces Final Judgment And Dismissal Of All Claims In Securities Class …” with publication date: October 28, 2016.

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By Darrin Black


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