Aaron’s Inc: Institutional Investors Buying Stock in Third Quarter

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently increased stock shares of Aaron’s, Inc. (NYSE:AAN).

SEC data indicate that these institutions significantly increased their stock shares of Aaron’s, Inc. in Q3 2011:

  • EATON VANCE MANAGEMENT: On 06/30/2011, held 0 shares. On 09/30/2011, held 866,489 shares.
  • KENNEDY CAPITAL MANAGEMENT INC: On 06/30/2011, held 0 shares. On 09/30/2011, held 474,564 shares.
  • STEPHENS INVESTMENT MANAGEMENT GROUP LLC: On 06/30/2011, held 0 shares. On 09/30/2011, held 255,375 shares.
  • TEXAS PERMANENT SCHOOL FUND: On 06/30/2011, held 0 shares. On 09/30/2011, held 99,621 shares.

About the company: Aaron’s, Inc. rents and sells office and residential furniture and accessories, consumer electronics, and household appliances. The Company also manufactures furniture, bedding, and accessories. Aaron’s has Company-owned and franchised centers in the United States.

Competitors to Watch: Rent-A-Center, Inc (NASDAQ:RCII), AeroCentury Corp. (AMEX:ACY), McGrath RentCorp (NASDAQ:MGRC), CONN’S, Inc. (NASDAQ:CONN), Best Buy Co., Inc. (NYSE:BBY), Williams-Sonoma, Inc. (NYSE:WSM), Pier one Imports, Inc. (NYSE:PIR), GameStop Corp. (NYSE:GME), and RadioShack Corporation (NYSE:RSH).

(Note: Data regarding Aaron’s, Inc.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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