Short Interest Report: What’s Next for Anixter International Incorporated (NYSE:AXE) After Having Less Shares Shorted?

November 25, 2016 - By kentuckypostne   ·   0 Comments

Short Interest Report: What's Next for Anixter International Incorporated (NYSE:AXE) After Having Less Shares Shorted?

The stock of Anixter International Incorporated (NYSE:AXE) registered a decrease of 3.49% in short interest. AXE’s total short interest was 733,200 shares in November as published by FINRA. Its down 3.49% from 759,700 shares, reported previously. With 148,400 shares average volume, it will take short sellers 5 days to cover their AXE’s short positions. The short interest to Anixter International Incorporated’s float is 2.6%. The stock increased 2.12% or $1.65 on November 23, hitting $79.65. Anixter International Inc. (NYSE:AXE) has risen 38.98% since April 22, 2016 and is uptrending. It has outperformed by 33.57% the S&P500.

Anixter International Inc. is engaged in the distribution of enterprise cabling and security solutions, electrical and electronic wire and cable products and utility power solutions. The company has a market cap of $2.69 billion. The Firm provides clients access to inventory management programs, over 270 warehouses and locations in approximately 300 cities across over 50 countries. It has a 29.64 P/E ratio. The Company’s divisions include Network & Security Solutions , Electrical & Electronic Solutions (EES) and Utility Power Solutions (UPS).

Insitutional Activity: The institutional sentiment decreased to 0.94 in 2016 Q2. Its down 0.69, from 1.63 in 2016Q1. The ratio dropped, as 13 funds sold all Anixter International Inc. shares owned while 44 reduced positions. 26 funds bought stakes while 67 increased positions. They now own 26.01 million shares or 6.35% less from 27.77 million shares in 2016Q1.
Walleye Trading Limited Company holds 0% or 246 shares in its portfolio. Jpmorgan Chase And reported 43,704 shares or 0% of all its holdings. Paloma Prtn Management accumulated 0.01% or 14,223 shares. Axa has 0% invested in the company for 18,700 shares. Tci Wealth Advsrs Inc last reported 3,309 shares in the company. Creative Planning accumulated 153 shares or 0% of the stock. Public Employees Retirement Association Of Colorado accumulated 0% or 5,286 shares. Cna accumulated 0.32% or 23,909 shares. Moreover, Nomura Asset Mngmt Ltd has 0% invested in Anixter International Inc. (NYSE:AXE) for 1,520 shares. The Illinois-based Thomas White International has invested 0% in Anixter International Inc. (NYSE:AXE). Ls Invest Ltd Liability Com owns 988 shares or 0% of their US portfolio. Invesco holds 0% of its portfolio in Anixter International Inc. (NYSE:AXE) for 129,903 shares. Parametric Associates Ltd Liability holds 0.01% or 83,286 shares in its portfolio. Swiss State Bank holds 0% or 48,300 shares in its portfolio. Dreman Value L L C has 0.01% invested in the company for 195 shares.

Insider Transactions: Since September 2, 2016, the stock had 0 insider buys, and 6 selling transactions for $1.60 million net activity. $43,030 worth of Anixter International Inc. (NYSE:AXE) shares were sold by FABER TERRANCE. The insider SHOEMAKER RODNEY A sold 1,000 shares worth $69,000. Galvin William also sold $608,550 worth of Anixter International Inc. (NYSE:AXE) shares.

Anixter International Inc. (NYSE:AXE) Ratings Coverage

Out of 4 analysts covering Anixter (NYSE:AXE), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Anixter has been the topic of 11 analyst reports since July 30, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Monday, September 21 by Zacks. The rating was upgraded by Longbow on Thursday, September 10 to “Buy”. Imperial Capital maintained the shares of AXE in a report on Thursday, July 30 with “In-Line” rating. The firm earned “In-Line” rating on Friday, February 19 by Imperial Capital. The firm has “In-Line” rating by Imperial Capital given on Monday, April 25. The firm has “Outperform” rating given on Thursday, October 27 by Imperial Capital. The stock of Anixter International Inc. (NYSE:AXE) earned “Outperform” rating by Imperial Capital on Wednesday, July 27. The firm earned “In-Line” rating on Monday, October 19 by Imperial Capital.

AXE Company Profile

Anixter International Inc., incorporated on December 6, 1967, is engaged in the distribution of enterprise cabling and security solutions, electrical and electronic wire and cable products and utility power solutions. The Firm provides clients access to inventory management programs, approximately 270 warehouses and locations in over 300 cities across over 50 countries. The Company’s divisions include Network & Security Solutions (NSS), Electrical & Electronic Solutions (EES) and Utility Power Solutions (UPS). The Company’s inventory management services include procurement, advisory engineering services, component kit production, small component assembly and e-commerce, and electronic data interchange. The Firm caters to industry groups, such as manufacturing, resource extraction, telecommunications, Internet service providers, finance, education, aerospace and defense, healthcare, retail, transportation, utilities and others. The Company’s subsidiary is Anixter Inc.

More notable recent Anixter International Inc. (NYSE:AXE) news were published by: Quotes.Wsj.com which released: “News Anixter International Inc.AXE” on February 12, 2011, also Businesswire.com with their article: “Anixter International Inc. Announces the Acquisition of the Power Solutions …” published on July 15, 2015, Businesswire.com published: “Anixter International Inc. Reports Second Quarter 2016 Results” on July 26, 2016. More interesting news about Anixter International Inc. (NYSE:AXE) were released by: Businesswire.com and their article: “Anixter International Inc. Announces Closing of Power Solutions Acquisition” published on October 05, 2015 as well as Prnewswire.com‘s news article titled: “Anixter Inc. Selects Adaptiva to Scale Software Distribution Across their …” with publication date: September 27, 2016.

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