Arrow Electronics (ARW) Holdings Down in Latest Report from American International Group Inc


Arrow Electronics (NYSE:ARW).

American International Group Inc decreased its investment in Arrow Electronics by 0.6% in the quarter ending 09/30/2017. Its position stood at $14,519,000 an increase of $273,000 according to the filing.

Several firms have updated their holdings. As of quarter end Renaissance Group LLC had disposed of a total of 32,085 shares trimming its position 91.7%. The value of the company’s investment in Arrow Electronics went from $2,742,000 to $232,000 a change of 91.5% quarter over quarter. As of the end of the quarter Amalgamated Bank had sold 533 shares trimming its holdings by 3.1%. The value of the investment in Arrow Electronics decreased from $1,364,000 to $1,356,000 decreasing 0.6% since the last quarter.

As of the end of the quarter American International Group Inc had sold a total of 1,094 shares trimming its stake by 0.6%. The value of the investment in ARW went from $14,246,000 to $14,519,000 a change of $273,000 for the reporting period. American International Group Inc reduced its investment by selling 1,094 shares a decrease of 0.6% as of 09/30/2017. American International Group Inc now holds 180,563 shares valued at $14,519,000. The total value of its holdings increased 1.9%.

Twin Capital Management Inc grew its position by buying 10,840 shares an increase of 36.0% from 06/30/2017 to 09/30/2017. Twin Capital Management Inc currently owns 40,990 shares with a value of $3,296,000. The value of the position overall is up by 39.4%.

On September 12 Stifel Nicolaus held the company rating at “Buy” targeting a price of $86.00. August 9 investment analysts at Deutsche Bank AG made no change to the company rating of “Hold” with a current price target of $81.00.

The company is down since yesterday’s close of 78.28. Arrow Electronics currently has a P/E ratio of 13.74 and the market value is 6.89B. As of the latest earnings report the EPS was $5.68 with 87.96M shares now outstanding.

Traders are feeling more bearish on shares of the company at least if you consider the rise in short interest. The firm saw a rise in short interest of 3.70% as of the latest report on October 31, 2017. Short interest increased 29,594 over that period. Days to cover increased from 2.0 to 3.0 and the percentage of shorted shares is 0.01% as of October 31.