AXA Equitable Holdings Inc (EQH) Short Interest Update

AXA Equitable Holdings Inc (NYSE:EQH) saw a significant decrease in short interest in January. As of January 31st, there was short interest totalling 17,564,742 shares, a decrease of 17.4% from the January 15th total of 21,253,137 shares. Approximately 8.2% of the shares of the stock are sold short. Based on an average daily trading volume, of 2,068,654 shares, the short-interest ratio is presently 8.5 days.

NYSE EQH opened at $18.93 on Thursday. AXA Equitable has a twelve month low of $14.72 and a twelve month high of $23.21.

AXA Equitable (NYSE:EQH) last posted its quarterly earnings data on Tuesday, November 13th. The company reported $1.23 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.91 by $0.32. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $3.16 billion. Equities analysts predict that AXA Equitable will post 3.87 EPS for the current fiscal year.

Several research analysts have recently issued reports on EQH shares. ValuEngine downgraded shares of AXA Equitable from a “hold” rating to a “sell” rating in a report on Friday, December 21st. Wells Fargo & Co assumed coverage on AXA Equitable in a report on Tuesday, January 8th. They issued a “market perform” rating and a $20.00 price objective for the company. Finally, Zacks Investment Research downgraded AXA Equitable from a “buy” rating to a “hold” rating in a report on Wednesday, December 19th. One analyst has rated the stock with a sell rating, six have issued a hold rating and eight have assigned a buy rating to the stock. AXA Equitable has an average rating of “Hold” and an average target price of $24.62.

In other news, major shareholder Axa sold 60,000,000 shares of the company’s stock in a transaction on Tuesday, November 20th. The shares were sold at an average price of $19.74, for a total transaction of $1,184,400,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.06% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of EQH. Canada Pension Plan Investment Board increased its holdings in AXA Equitable by 41.7% in the fourth quarter. Canada Pension Plan Investment Board now owns 16,555,432 shares of the company’s stock valued at $275,294,000 after purchasing an additional 4,868,432 shares during the period. Pzena Investment Management LLC grew its holdings in AXA Equitable by 20.0% during the 3rd quarter. Pzena Investment Management LLC now owns 14,103,921 shares of the company’s stock worth $302,529,000 after acquiring an additional 2,353,431 shares during the period. Thornburg Investment Management Inc. grew its holdings in AXA Equitable by 18.8% during the 4th quarter. Thornburg Investment Management Inc. now owns 11,459,384 shares of the company’s stock worth $190,570,000 after acquiring an additional 1,812,607 shares during the period. Poplar Forest Capital LLC acquired a new stake in AXA Equitable during the 4th quarter worth about $29,459,000. Finally, Epoch Investment Partners Inc. grew its holdings in AXA Equitable by 42.2% during the 3rd quarter. Epoch Investment Partners Inc. now owns 4,715,152 shares of the company’s stock worth $101,140,000 after acquiring an additional 1,399,300 shares during the period. Institutional investors and hedge funds own 28.51% of the company’s stock.

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About AXA Equitable

AXA Equitable Holdings, Inc provides various financial services worldwide. It operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products, which are primarily sold to affluent and high net worth individuals.

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