Aarons Incorporated (NYSE:AAN) Has Increase in Shorts

June 20, 2017 - By Adrian Mccoy

 Aarons Incorporated (NYSE:AAN) Has Increase in Shorts

Investors sentiment decreased to 0.98 in Q4 2016. Its down 0.29, from 1.27 in 2016Q3. It is negative, as 29 investors sold Aaron’s, Inc. shares while 76 reduced holdings. 36 funds opened positions while 67 raised stakes. 69.34 million shares or 3.75% more from 66.83 million shares in 2016Q3 were reported.
The New York-based Bancshares Of Ny Mellon Corp has invested 0.01% in Aaron’s, Inc. (NYSE:AAN). North Point Port Managers Oh holds 1.58% of its portfolio in Aaron’s, Inc. (NYSE:AAN) for 261,384 shares. Clinton Group holds 0.05% or 24,281 shares. Panagora Asset Incorporated holds 0% of its portfolio in Aaron’s, Inc. (NYSE:AAN) for 7,350 shares. Hgk Asset has invested 0.08% of its portfolio in Aaron’s, Inc. (NYSE:AAN). Weaver C Barksdale & Incorporated holds 0.03% in Aaron’s, Inc. (NYSE:AAN) or 543 shares. Blackrock Ltd reported 47,240 shares. Stephens Incorporated Ar has invested 0.01% of its portfolio in Aaron’s, Inc. (NYSE:AAN). 944,785 are owned by Goldman Sachs Group Incorporated. Ls Investment Advsr Lc, a Michigan-based fund reported 1,977 shares. Paloma Ptnrs owns 111,017 shares or 0.03% of their US portfolio. Susquehanna Int Grp Limited Liability Partnership stated it has 0% in Aaron’s, Inc. (NYSE:AAN). Art Lc accumulated 0.06% or 34,000 shares. Boothbay Fund Management has invested 0.08% in Aaron’s, Inc. (NYSE:AAN). Creative Planning reported 0% of its portfolio in Aaron’s, Inc. (NYSE:AAN).

Since March 21, 2017, it had 0 insider buys, and 4 sales for $1.42 million activity. Robinson John W sold $551,976 worth of stock or 15,000 shares. Kamerschen Robert W. sold 5,000 shares worth $186,958. On Tuesday, March 21 Michaels Steven A sold $288,120 worth of Aaron’s, Inc. (NYSE:AAN) or 10,000 shares.

The stock of Aarons Incorporated (NYSE:AAN) registered an increase of 18.5% in short interest. AAN’s total short interest was 4.92 million shares in June as published by FINRA. Its up 18.5% from 4.16 million shares, reported previously. With 815,900 shares average volume, it will take short sellers 6 days to cover their AAN’s short positions. The short interest to Aarons Incorporated’s float is 7.82%.

The stock decreased 0.28% or $0.11 during the last trading session, reaching $39.31. About shares traded. Aaron’s, Inc. (NYSE:AAN) has risen 45.42% since June 20, 2016 and is uptrending. It has outperformed by 28.72% the S&P500.

Aaron’s, Inc. is an omnichannel well-known provider of lease-purchase solutions. The company has market cap of $2.82 billion. The Firm engages in the sales and lease ownership and specialty retailing of furniture, consumer electronics, home appliances and accessories through its Company-operated and franchised stores in Canada, as well as its e-commerce platform, Aarons.com. It has a 19.99 P/E ratio. The Company’s divisions include Sales and Lease Ownership, Progressive Finance Holdings, LLC (Progressive), Dent-A-Med, Inc., doing business as the HELPcard (DAMI), Franchise and Manufacturing.

Aaron’s, Inc. (NYSE:AAN) Ratings Coverage

Among 10 analysts covering Aaron’s Inc (NYSE:AAN), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Aaron’s Inc has $40 highest and $30 lowest target. $34.90’s average target is -11.22% below currents $39.31 stock price. Aaron’s Inc had 16 analyst reports since July 28, 2015 according to SRatingsIntel. Topeka Capital Markets initiated Aaron’s, Inc. (NYSE:AAN) on Tuesday, May 24 with “Buy” rating. On Friday, January 20 the stock rating was upgraded by SunTrust to “Buy”. The company was downgraded on Friday, December 9 by Sidoti. The rating was initiated by Loop Capital with “Hold” on Tuesday, December 13. As per Friday, October 30, the company rating was downgraded by Cantor Fitzgerald. The stock has “Mkt Perform” rating by Raymond James on Thursday, January 19. The firm earned “Buy” rating on Friday, August 14 by Cantor Fitzgerald. As per Friday, January 20, the company rating was upgraded by Suntrust Robinson. The firm has “Sector Weight” rating given on Thursday, October 29 by KeyBanc Capital Markets. Raymond James upgraded Aaron’s, Inc. (NYSE:AAN) on Tuesday, January 19 to “Strong Buy” rating.

More news for Aaron’s, Inc. (NYSE:AAN) were recently published by: Prnewswire.com, which released: “Notice Of Filing Of Securities Class Action Against Aaron’s, Inc. And Certain …” on June 19, 2017. Nasdaq.com‘s article titled: “February 2018 Options Now Available For Aaron’s (AAN)” and published on June 19, 2017 is yet another important article.

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