Anixter International Inc. (AXE) Touches $75.75 Formed H&S; Medallion Financial Has 0.85 Sentiment

Anixter International Inc. (NYSE:AXE) Logo

Anixter International Inc. (AXE) formed inverse H&S with $82.57 target or 9.00% above today’s $75.75 share price. Anixter International Inc. (AXE) has $2.52 billion valuation. The stock increased 1.88% or $1.4 during the last trading session, reaching $75.75. About 156,202 shares traded. Anixter International Inc. (NYSE:AXE) has declined 4.71% since March 31, 2017 and is downtrending. It has underperformed by 16.26% the S&P500.

Medallion Financial Corp (TAXI) investors sentiment increased to 0.85 in 2017 Q4. It’s up 0.14, from 0.71 in 2017Q3. The ratio is more positive, as 11 hedge funds increased and started new stock positions, while 13 cut down and sold holdings in Medallion Financial Corp. The hedge funds in our database now own: 3.98 million shares, up from 3.94 million shares in 2017Q3. Also, the number of hedge funds holding Medallion Financial Corp in top ten stock positions was flat from 0 to 0 for the same number . Sold All: 4 Reduced: 9 Increased: 6 New Position: 5.

Analysts await Anixter International Inc. (NYSE:AXE) to report earnings on April, 24. They expect $1.35 earnings per share, up 23.85% or $0.26 from last year’s $1.09 per share. AXE’s profit will be $44.95 million for 14.03 P/E if the $1.35 EPS becomes a reality. After $1.41 actual earnings per share reported by Anixter International Inc. for the previous quarter, Wall Street now forecasts -4.26% negative EPS growth.

Investors sentiment decreased to 1.16 in Q4 2017. Its down 0.13, from 1.29 in 2017Q3. It dropped, as 29 investors sold Anixter International Inc. shares while 54 reduced holdings. 31 funds opened positions while 65 raised stakes. 27.44 million shares or 4.75% more from 26.19 million shares in 2017Q3 were reported. Pnc Fincl Svcs Gru has invested 0% in Anixter International Inc. (NYSE:AXE). State Of Tennessee Treasury Department has invested 0.01% in Anixter International Inc. (NYSE:AXE). Mcf Limited Liability Corp owns 72 shares. Markston Lc reported 0% in Anixter International Inc. (NYSE:AXE). Citigroup reported 19,996 shares. Mason Street Advsr Limited Liability Company has 7,529 shares. Quantbot Techs Lp invested 0% of its portfolio in Anixter International Inc. (NYSE:AXE). Moreover, Fisher Asset Lc has 0.06% invested in Anixter International Inc. (NYSE:AXE) for 634,541 shares. Connable Office holds 3,398 shares. Proshare Advsr Lc reported 5,446 shares. Dreman Value Mgmt L L C reported 584 shares. Moreover, Fincl Bank Of Montreal Can has 0% invested in Anixter International Inc. (NYSE:AXE) for 4,843 shares. Hsbc Holding Public Limited accumulated 3,316 shares. Price T Rowe Assoc Inc Md has 0% invested in Anixter International Inc. (NYSE:AXE) for 3,672 shares. Great West Life Assurance Co Can reported 38,272 shares or 0.01% of all its holdings.

Among 6 analysts covering Anixter (NYSE:AXE), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Anixter has $90.0 highest and $49 lowest target. $82.60’s average target is 9.04% above currents $75.75 stock price. Anixter had 18 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has “In-Line” rating by Imperial Capital on Monday, October 19. The stock has “In-Line” rating by Imperial Capital on Thursday, July 30. The rating was downgraded by Longbow to “Neutral” on Friday, December 2. The firm has “Buy” rating given on Thursday, September 10 by Longbow. The stock has “Hold” rating by Robert W. Baird on Wednesday, August 30. The firm earned “In-Line” rating on Thursday, February 2 by Imperial Capital. Imperial Capital maintained the stock with “In-Line” rating in Friday, February 19 report. On Monday, April 25 the stock rating was maintained by Imperial Capital with “In-Line”. Zacks upgraded the stock to “Buy” rating in Monday, September 21 report. On Wednesday, July 27 the stock rating was maintained by Imperial Capital with “Outperform”.

Since October 2, 2017, it had 0 insider purchases, and 5 sales for $2.08 million activity. $224,208 worth of Anixter International Inc. (NYSE:AXE) shares were sold by Eck Robert J.. Standish William sold $86,200 worth of stock.

Since January 1, 0001, it had 1 insider purchase, and 1 sale for $28,792 activity.

Second Curve Capital Llc holds 0.17% of its portfolio in Medallion Financial Corp. for 120,000 shares. Selz Capital Llc owns 300,000 shares or 0.16% of their US portfolio. Moreover, Corsair Capital Management L.P. has 0.1% invested in the company for 161,373 shares. The Illinois-based Optimum Investment Advisors has invested 0.07% in the stock. Teton Advisors Inc., a New York-based fund reported 170,000 shares.

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