Cubist Systematic Strategies LLC Purchases New Holdings in Aaron’s, Inc. (AAN)

Cubist Systematic Strategies LLC purchased a new stake in Aaron’s, Inc. (NYSE:AAN) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 5,414 shares of the company’s stock, valued at approximately $211,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp increased its holdings in shares of Aaron’s, by 6.8% in the 2nd quarter. State Street Corp now owns 2,235,516 shares of the company’s stock valued at $86,967,000 after purchasing an additional 142,599 shares in the last quarter. Intrinsic Edge Capital Management LLC purchased a new position in shares of Aaron’s, in the 2nd quarter valued at about $3,793,000. Royal Bank of Canada increased its holdings in shares of Aaron’s, by 48.3% in the 2nd quarter. Royal Bank of Canada now owns 17,863 shares of the company’s stock valued at $695,000 after purchasing an additional 5,816 shares in the last quarter. Capstone Investment Advisors Netherlands B.V. purchased a new position in shares of Aaron’s, in the 2nd quarter valued at about $248,000. Finally, Tudor Investment Corp ET AL increased its holdings in shares of Aaron’s, by 144.1% in the 2nd quarter. Tudor Investment Corp ET AL now owns 27,829 shares of the company’s stock valued at $1,083,000 after purchasing an additional 16,429 shares in the last quarter.

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A number of equities analysts have recently issued reports on AAN shares. BidaskClub downgraded shares of Aaron’s, from a “strong-buy” rating to a “buy” rating in a report on Friday, July 7th. Jefferies Group LLC reiterated a “buy” rating on shares of Aaron’s, in a report on Sunday, July 30th. Stifel Nicolaus reiterated a “buy” rating and issued a $55.00 price target (up previously from $40.00) on shares of Aaron’s, in a report on Sunday, July 30th. SunTrust Banks, Inc. reiterated a “buy” rating on shares of Aaron’s, in a report on Monday, July 31st. Finally, Northcoast Research reiterated a “buy” rating and issued a $52.50 price target (up previously from $45.00) on shares of Aaron’s, in a report on Monday, July 31st. Two analysts have rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $44.94.

In other news, CEO Ryan K. Woodley sold 6,776 shares of Aaron’s, stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $44.30, for a total transaction of $300,176.80. Following the completion of the sale, the chief executive officer now directly owns 145,849 shares in the company, valued at $6,461,110.70. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Robert P. Sinclair, Jr. sold 1,000 shares of Aaron’s, stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $45.00, for a total transaction of $45,000.00. Following the sale, the insider now owns 11,469 shares of the company’s stock, valued at $516,105. The disclosure for this sale can be found here. Insiders have sold a total of 60,776 shares of company stock valued at $2,511,757 over the last 90 days. 1.93% of the stock is currently owned by insiders.

Aaron’s, Inc. (NYSE AAN) opened at $36.43 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.98 and a current ratio of 2.35. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 14.85 and a beta of 0.23.

Aaron’s, (NYSE:AAN) last posted its earnings results on Friday, October 27th. The company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.11). Aaron’s, had a net margin of 4.15% and a return on equity of 11.41%. The business had revenue of $838.80 million for the quarter, compared to analysts’ expectations of $827.20 million. During the same quarter last year, the business posted $0.50 earnings per share. The business’s revenue was up 9.1% compared to the same quarter last year. analysts forecast that Aaron’s, Inc. will post 2.5 EPS for the current year.

Aaron’s, Company Profile

Aaron’s, Inc (Aaron’s) is an omnichannel provider of lease-purchase solutions. The Company 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.

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Institutional Ownership by Quarter for Aaron`s,  (NYSE:AAN)

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