Could Anixter International Inc (NYSE:AXE) Change Direction After More Shorts?

October 2, 2018 - By Linda Rogers

Anixter International Inc. (NYSE:AXE) Logo

Investors sentiment decreased to 1.19 in Q2 2018. Its down 0.07, from 1.26 in 2018Q1. It fall, as 24 investors sold Anixter International Inc. shares while 49 reduced holdings. 18 funds opened positions while 69 raised stakes. 27.82 million shares or 3.29% more from 26.93 million shares in 2018Q1 were reported.
6,785 are held by Piedmont Inv Advisors Lc. Swiss Bancshares stated it has 0% of its portfolio in Anixter International Inc. (NYSE:AXE). 617,419 are held by Jennison Limited Liability Corp. Glenmede Tru Na accumulated 336 shares. Mackay Shields Llc holds 0.02% of its portfolio in Anixter International Inc. (NYSE:AXE) for 48,300 shares. State Of Tennessee Treasury Department stated it has 0.01% in Anixter International Inc. (NYSE:AXE). Gemmer Asset Mngmt Ltd owns 74 shares. Keybank Association Oh holds 0.01% of its portfolio in Anixter International Inc. (NYSE:AXE) for 25,652 shares. Mcf Advisors Lc stated it has 0% in Anixter International Inc. (NYSE:AXE). Ls Invest Llc holds 0% of its portfolio in Anixter International Inc. (NYSE:AXE) for 849 shares. Hotchkis & Wiley Ltd Liability Com holds 0.01% of its portfolio in Anixter International Inc. (NYSE:AXE) for 55,096 shares. Moreover, Balyasny Asset Mgmt Lc has 0% invested in Anixter International Inc. (NYSE:AXE) for 5,574 shares. Pub Employees Retirement Association Of Colorado holds 0% of its portfolio in Anixter International Inc. (NYSE:AXE) for 4,570 shares. Connable Office Inc invested 0.04% in Anixter International Inc. (NYSE:AXE). Moreover, Jacobs Levy Equity Incorporated has 0.05% invested in Anixter International Inc. (NYSE:AXE) for 50,140 shares.

Since April 11, 2018, it had 4 insider buys, and 2 sales for $1.64 million activity. Eck Robert J. also sold $918,686 worth of Anixter International Inc. (NYSE:AXE) shares. The insider Choi Justin C bought $89,832. Dosch Ted A bought 4,200 shares worth $254,312. BRACE FREDERIC F also bought $60,350 worth of Anixter International Inc. (NYSE:AXE) on Tuesday, May 1.

The stock of Anixter International Inc (NYSE:AXE) registered an increase of 36.03% in short interest. AXE’s total short interest was 814,700 shares in October as published by FINRA. Its up 36.03% from 598,900 shares, reported previously. With 135,200 shares average volume, it will take short sellers 6 days to cover their AXE’s short positions. The short interest to Anixter International Inc’s float is 3.02%.

The stock decreased 1.56% or $1.07 during the last trading session, reaching $67.4. About 47,916 shares traded. Anixter International Inc. (NYSE:AXE) has declined 7.55% since October 2, 2017 and is downtrending. It has underperformed by 23.17% the S&P500.

Anixter International Inc., through its subsidiaries, distributes enterprise cabling and security solutions, electrical and electronic wire and cable products, and utility power solutions. The company has market cap of $2.26 billion. The Company’s Network & Security Solutions segment offers copper and fiber optic cable and connectivity, access control, video surveillance, intrusion and fire/life safety, cabinets, power, cable management, wireless, professional audio/video, voice and networking switches, and other ancillary products to technology, finance, telecommunications service providers, transportation, education, government, healthcare, and retail industries. It has a 21.88 P/E ratio. The companyÂ’s Electrical and Electronic Solutions segment provides electrical and electronic wires and cables, shipboard cables, support and supply products, low-voltage cables, instrumentation cables, industrial communication and control products, security cables, connectors, industrial Ethernet switches, and voice and data cables to the commercial and industrial, and original equipment maker markets.

Anixter International Inc. (NYSE:AXE) Institutional Positions Chart

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