Arcadia Investment Management Lifted By $893,464 Its Middleby (MIDD) Holding; Anixter International (AXE) Shorts Down By 15.43%

December 7, 2017 - By Clifton Ray

Arcadia Investment Management Corp increased Middleby Corp (MIDD) stake by 21.28% reported in 2017Q2 SEC filing. Arcadia Investment Management Corp acquired 7,384 shares as Middleby Corp (MIDD)’s stock declined 6.89%. The Arcadia Investment Management Corp holds 42,078 shares with $5.11M value, up from 34,694 last quarter. Middleby Corp now has $7.04 billion valuation. The stock increased 1.51% or $1.87 during the last trading session, reaching $125.99. About 643,490 shares traded or 8.71% up from the average. The Middleby Corporation (NASDAQ:MIDD) has risen 8.18% since December 7, 2016 and is uptrending. It has underperformed by 8.52% the S&P500.

Anixter International Incorporated (NYSE:AXE) had a decrease of 15.43% in short interest. AXE’s SI was 258,100 shares in December as released by FINRA. Its down 15.43% from 305,200 shares previously. With 249,300 avg volume, 1 days are for Anixter International Incorporated (NYSE:AXE)’s short sellers to cover AXE’s short positions. The SI to Anixter International Incorporated’s float is 0.98%. It closed at $70.85 lastly. It is down 37.61% since December 7, 2016 and is uptrending. It has outperformed by 20.91% the S&P500.

Investors sentiment decreased to 1.05 in Q2 2017. Its down 0.03, from 1.08 in 2017Q1. It fall, as 38 investors sold MIDD shares while 120 reduced holdings. 41 funds opened positions while 125 raised stakes. 51.63 million shares or 0.25% more from 51.50 million shares in 2017Q1 were reported. Sarasin And Partners Limited Liability Partnership holds 44,000 shares. State Bank Of Montreal Can reported 21,581 shares. Advisory Research reported 0.02% in The Middleby Corporation (NASDAQ:MIDD). Winfield Associate holds 0% or 20 shares. Blackrock reported 2.70M shares or 0.02% of all its holdings. Loomis Sayles Limited Partnership holds 129,509 shares or 0.04% of its portfolio. First Manhattan reported 0% stake. Brinker Incorporated reported 0.29% in The Middleby Corporation (NASDAQ:MIDD). Daiwa holds 0% or 1,700 shares. Nordea Inv Mngmt Ab stated it has 0.02% of its portfolio in The Middleby Corporation (NASDAQ:MIDD). Pictet Asset Management Limited has 0.12% invested in The Middleby Corporation (NASDAQ:MIDD). Ameriprise Fin, a Minnesota-based fund reported 149,641 shares. Oregon Employees Retirement Fund reported 7,800 shares stake. Asset Mgmt One has 86,789 shares for 0.03% of their portfolio. Ashfield Cap Ptnrs Ltd Co holds 21,575 shares.

Arcadia Investment Management Corp decreased Flowers Foods Inc (NYSE:FLO) stake by 23,415 shares to 128,970 valued at $2.23 million in 2017Q2. It also reduced Cavium Inc (NASDAQ:CAVM) stake by 8,934 shares and now owns 3,275 shares. Core Laboratories N V (NYSE:CLB) was reduced too.

Among 8 analysts covering Middleby (NASDAQ:MIDD), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Middleby had 16 analyst reports since November 12, 2015 according to SRatingsIntel. Macquarie Research downgraded the shares of MIDD in report on Thursday, December 15 to “Neutral” rating. The company was maintained on Friday, November 10 by Citigroup. TH Capital maintained The Middleby Corporation (NASDAQ:MIDD) rating on Thursday, November 12. TH Capital has “Buy” rating and $130 target. The stock of The Middleby Corporation (NASDAQ:MIDD) earned “Hold” rating by Deutsche Bank on Wednesday, September 7. BMO Capital Markets maintained the shares of MIDD in report on Thursday, August 10 with “Buy” rating. Robert W. Baird maintained the shares of MIDD in report on Thursday, October 19 with “Buy” rating. The firm has “Buy” rating given on Thursday, June 22 by BMO Capital Markets. BMO Capital Markets maintained the stock with “Buy” rating in Wednesday, November 8 report. The rating was downgraded by KeyBanc Capital Markets to “Sector Weight” on Monday, October 16. As per Wednesday, November 18, the company rating was upgraded by BMO Capital Markets.

Since June 15, 2017, it had 0 buys, and 1 insider sale for $76,200 activity. Standish William also sold $76,200 worth of Anixter International Inc. (NYSE:AXE) on Thursday, June 15.

Among 6 analysts covering Anixter (NYSE:AXE), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Anixter had 17 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, September 21 by Zacks. The firm has “In-Line” rating given on Monday, October 19 by Imperial Capital. Longbow upgraded Anixter International Inc. (NYSE:AXE) on Thursday, September 10 to “Buy” rating. The company was maintained on Thursday, July 30 by Imperial Capital. Imperial Capital maintained the shares of AXE in report on Wednesday, July 27 with “Outperform” rating. The stock of Anixter International Inc. (NYSE:AXE) earned “Neutral” rating by Longbow on Friday, December 2. Imperial Capital maintained the shares of AXE in report on Monday, April 25 with “In-Line” rating. The company was downgraded on Thursday, February 2 by Imperial Capital. The rating was upgraded by Imperial Capital on Thursday, October 27 to “Outperform”. Robert W. Baird maintained the stock with “Hold” rating in Wednesday, August 30 report.

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 $2.36 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 16.52 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.

Investors sentiment decreased to 1.23 in Q2 2017. Its down 0.47, from 1.7 in 2017Q1. It worsened, as 21 investors sold Anixter International Inc. shares while 59 reduced holdings. 27 funds opened positions while 71 raised stakes. 26.13 million shares or 1.61% less from 26.56 million shares in 2017Q1 were reported. Strs Ohio holds 0.01% of its portfolio in Anixter International Inc. (NYSE:AXE) for 15,900 shares. Hutchin Hill Limited Partnership has invested 0.03% in Anixter International Inc. (NYSE:AXE). Ls Ltd Liability Corp invested in 997 shares. Barclays Plc has invested 0% of its portfolio in Anixter International Inc. (NYSE:AXE). Morgan Stanley reported 88,423 shares. 77,558 are owned by Legal And General Public Limited Com. Geode Mngmt Limited Liability holds 0.01% of its portfolio in Anixter International Inc. (NYSE:AXE) for 281,021 shares. Channing Cap Mngmt Lc has 592,250 shares for 1.81% of their portfolio. Pinebridge Invs Limited Partnership reported 33,511 shares. Jennison Assoc Limited Liability Corporation holds 0.05% or 595,511 shares in its portfolio. Laurion Capital Lp holds 0.01% or 13,200 shares. Millennium Lc invested 0% of its portfolio in Anixter International Inc. (NYSE:AXE). Mraz Amerine And Assocs Inc owns 4,000 shares. Martingale Asset Mgmt Limited Partnership invested 0.03% in Anixter International Inc. (NYSE:AXE). First Midwest Financial Bank Tru Division reported 11,082 shares.

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