After Reaching Milestone, Is Axis Capital Holders Limited (NYSE:AXS)’s Short Interest Revealing Something?

December 7, 2017 - By Louis Casey

 After Reaching Milestone, Is Axis Capital Holders Limited (NYSE:AXS)’s Short Interest Revealing Something?

Investors sentiment is 0.85 in Q2 2017. Its the same as in 2017Q1. It is without change, as 18 investors sold AXIS Capital Holdings Limited shares while 106 reduced holdings. only 31 funds opened positions while 74 raised stakes. 70.20 million shares or 3.84% less from 73.00 million shares in 2017Q1 were reported.
Next Fincl Grp Incorporated Inc has 0% invested in AXIS Capital Holdings Limited (NYSE:AXS). Moreover, Cadence Cap Mngmt Limited Co has 0.07% invested in AXIS Capital Holdings Limited (NYSE:AXS) for 14,854 shares. Moreover, British Columbia Mngmt has 0.05% invested in AXIS Capital Holdings Limited (NYSE:AXS) for 99,217 shares. State Of Alaska Department Of Revenue holds 11,387 shares or 0.05% of its portfolio. 277,481 were accumulated by Beck Mack Oliver Limited Liability. Shell Asset Mngmt has 98,796 shares. Assetmark reported 0% in AXIS Capital Holdings Limited (NYSE:AXS). 6.55M are owned by Blackrock. Utah Retirement, a Utah-based fund reported 15,182 shares. Goldman Sachs Gp holds 0.01% of its portfolio in AXIS Capital Holdings Limited (NYSE:AXS) for 624,898 shares. Natixis Asset Management owns 31,748 shares. Clearbridge Invs Limited Liability Company invested in 1.04 million shares. Advisory Ser Net Lc reported 0.07% in AXIS Capital Holdings Limited (NYSE:AXS). Daiwa Sb Invests Ltd stated it has 2,060 shares. 81,974 are held by Rhumbline Advisers.

The stock of Axis Capital Holders Limited (NYSE:AXS) registered a decrease of 30.93% in short interest. AXS’s total short interest was 1.07 million shares in December as published by FINRA. Its down 30.93% from 1.55M shares, reported previously. With 805,400 shares average volume, it will take short sellers 1 days to cover their AXS’s short positions.

The stock decreased 0.92% or $0.46 during the last trading session, reaching $49.8. About 1.10 million shares traded or 34.63% up from the average. AXIS Capital Holdings Limited (NYSE:AXS) has risen 17.55% since December 7, 2016 and is uptrending. It has outperformed by 0.85% the S&P500.

AXIS Capital Holdings Limited, through its subsidiaries, provides various specialty insurance and reinsurance products worldwide. The company has market cap of $4.14 billion. It operates through two divisions, Insurance and Reinsurance. It currently has negative earnings. The Insurance segment offers property insurance for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance covering offshore energy, cargo, liability, recreational marine, fine art, specie, hull, and war; and terrorism, aviation, credit and political risk, and liability insurance.

AXIS Capital Holdings Limited (NYSE:AXS) Ratings Coverage

Among 13 analysts covering Axis Capital Holdings Limited (NYSE:AXS), 3 have Buy rating, 4 Sell and 6 Hold. Therefore 23% are positive. Axis Capital Holdings Limited had 34 analyst reports since July 30, 2015 according to SRatingsIntel. The company was maintained on Friday, October 13 by Bank of America. UBS maintained AXIS Capital Holdings Limited (NYSE:AXS) on Tuesday, September 19 with “Sell” rating. The company was downgraded on Friday, December 2 by Macquarie Research. Keefe Bruyette & Woods maintained it with “Hold” rating and $60.0 target in Friday, October 27 report. The rating was upgraded by M Partners on Thursday, February 2 to “Buy”. The company was maintained on Thursday, February 4 by Citigroup. The stock of AXIS Capital Holdings Limited (NYSE:AXS) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, August 17. The firm has “Hold” rating given on Thursday, October 12 by Keefe Bruyette & Woods. The stock has “Underperform” rating by Macquarie Research on Tuesday, January 17. Janney Capital downgraded the stock to “Neutral” rating in Thursday, May 26 report.

More notable recent AXIS Capital Holdings Limited (NYSE:AXS) news were published by: Nasdaq.com which released: “AXIS Capital Holdings (AXS) Passes Through 3% Yield Mark” on December 05, 2017, also Businesswire.com with their article: “AXIS Capital Declares Quarterly Dividends on Common and Preferred Shares” published on December 07, 2017, Prnewswire.com published: “Pre-Market Technical Recap on Insurance Stocks — AXIS Capital, MBIA, Old …” on November 08, 2017. More interesting news about AXIS Capital Holdings Limited (NYSE:AXS) were released by: Businessinsurance.com and their article: “2017 Women to Watch: Tracy Harrington Cloud” published on December 04, 2017 as well as Businesswire.com‘s news article titled: “AXIS Capital Prices Offering of $350.0 Million of 4.000% Senior Notes Due 2027” with publication date: November 29, 2017.

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