SEC Watch Reporter: American Airls Group INC (AAL) Shareholder Gendell Jeffrey L Has Boosted Its Holding

SEC Watch Reporter: American Airls Group INC (AAL) Shareholder Gendell Jeffrey L Has Boosted Its Holding

Gendell Jeffrey L increased its stake in American Airls Group Inc (AAL) by 144.35% based on its latest 2016Q3 regulatory filing with the SEC. Gendell Jeffrey L bought 363,674 shares as the company’s stock rose 24.82% with the market. The institutional investor held 615,616 shares of the transportation company at the end of 2016Q3, valued at $22.54M, up from 251,942 at the end of the previous reported quarter. Gendell Jeffrey L who had been investing in American Airls Group Inc for a number of months, seems to be bullish on the $25.81B market cap company. The stock is down 0.23% or $0.11 hitting $48.37, despite the positive news. About 2.92 million shares traded hands. American Airlines Group Inc (NASDAQ:AAL) has risen 49.81% since June 7, 2016 and is uptrending. It has outperformed by 42.39% the S&P500.

Gendell Jeffrey L, which manages about $676.29M US Long portfolio, decreased its stake in Patrick Inds Inc (NASDAQ:PATK) by 204,000 shares to 1.06 million shares, valued at $65.42M in 2016Q3, according to the filing.

Insitutional Activity: The institutional sentiment decreased to 0.46 in Q3 2016. Its down 0.14, from 0.6 in 2016Q2. The ratio worsened, as 62 funds sold all AAL shares owned while 241 reduced positions. 58 funds bought stakes while 82 increased positions. They now own 386.67 million shares or 0.55% more from 384.56 million shares in 2016Q2. Gateway Inv Advisers Ltd Liability Corporation has 467,137 shares for 0.15% of their US portfolio. The Kentucky-based Teachers Retirement Of The State Of Kentucky has invested 0.24% in American Airlines Group Inc (NASDAQ:AAL). Moreover, Amica Mutual Insurance Communication has 0.19% invested in American Airlines Group Inc (NASDAQ:AAL) for 55,904 shares. Us Fincl Bank De holds 0% of its portfolio in American Airlines Group Inc (NASDAQ:AAL) for 14,286 shares. Cls Invs Lc reported 2 shares or 0% of all its holdings. Moreover, Tradewinds Mngmt Lc has 0.04% invested in American Airlines Group Inc (NASDAQ:AAL) for 1,742 shares. State Treasurer State Of Michigan reported 184,900 shares or 0.05% of all its holdings. Systematic Fincl Mngmt LP accumulated 329,922 shares or 0.18% of the stock. Clovis Mngmt Lp last reported 2.33% of its portfolio in the stock. Tortoise Investment Lc has 0% invested in the company for 30 shares. The New Jersey-based Redwood Cap Limited Liability Company has invested 0.25% in American Airlines Group Inc (NASDAQ:AAL). Sandy Spring National Bank & Trust holds 6,900 shares or 0.03% of its portfolio. Dupont holds 0.27% of its portfolio in American Airlines Group Inc (NASDAQ:AAL) for 324,463 shares. Allianz Asset Mgmt Ag owns 523,899 shares or 0.02% of their US portfolio. Par Mngmt reported 997,099 shares or 0.53% of all its holdings.

Insider Transactions: Since July 12, 2016, the stock had 0 insider purchases, and 14 selling transactions for $22.48 million net activity. GOULET – BEVERLY K. sold $230,925 worth of American Airlines Group Inc (NASDAQ:AAL) on Wednesday, November 23. 20,000 shares were sold by Isom Robert D Jr, worth $972,182. PARKER W DOUGLAS had sold 113,706 shares worth $5.47 million on Wednesday, December 28. Another trade for 10,000 shares valued at $463,500 was sold by Leibman Maya. EBERWEIN ELISE R also sold $4.02M worth of American Airlines Group Inc (NASDAQ:AAL) shares. $6.97M worth of shares were sold by Nocella Andrew P on Monday, October 31.

More notable recent American Airlines Group Inc (NASDAQ:AAL) news were published by: Reuters.com which released: “CORRECTED-American Airlines raises unit revenue forecast” on January 11, 2017, also Finance.Yahoo.com with their article: “The Zacks Analyst Blog Highlights: American Airlines Group, SkyWest, Hawaiian …” published on January 10, 2017, Nasdaq.com published: “Commit To Purchase American Airlines Group At $20, Earn 5.2% Using Options” on January 03, 2017. More interesting news about American Airlines Group Inc (NASDAQ:AAL) were released by: Investorplace.com and their article: “E-Cigarette Battery Sparks Fire on American Airlines Group Inc (AAL) Flight” published on December 16, 2016 as well as Investorplace.com‘s news article titled: “3 Stocks to Watch on Tuesday: American Airlines Group Inc (AAL), Apple Inc …” with publication date: December 27, 2016.

According to Zacks Investment Research, “American Airlines Group Inc. operates in the airline industry. The company provides scheduled passenger, freight and mail service primarily in North America, the Caribbean, Latin America, Europe and the Pacific. American Airlines Group Inc. is the holding company for American Airlines and US Airways. American Airlines Group Inc. is based in FORT WORTH TX.”

American Airlines Group Inc (NASDAQ:AAL) Ratings Coverage

Out of 19 analysts covering American Airlines Group (NASDAQ:AAL), 7 rate it a “Buy”, 4 “Sell”, while 8 “Hold”. This means 37% are positive. American Airlines Group has been the topic of 34 analyst reports since July 28, 2015 according to StockzIntelligence Inc. The company was downgraded on Thursday, August 27 by Vetr. Imperial Capital maintained American Airlines Group Inc (NASDAQ:AAL) on Wednesday, September 2 with “Outperform” rating. Imperial Capital maintained the stock with “In-Line” rating in Friday, October 21 report. JP Morgan maintained the stock with “Overweight” rating in Thursday, February 4 report. Bank of America downgraded the shares of AAL in a report on Thursday, June 16 to “Underperform” rating. As per Monday, February 1, the company rating was upgraded by Cowen & Co. The rating was upgraded by Credit Suisse to “Outperform” on Thursday, January 7. The rating was downgraded by HSBC to “Reduce” on Wednesday, November 25. The rating was upgraded by UBS on Wednesday, January 27 to “Buy”. The stock of American Airlines Group Inc (NASDAQ:AAL) has “Underperform” rating given on Wednesday, July 6 by Credit Suisse.

AAL Company Profile

American Airlines Group Inc. (AAG), incorporated on February 16, 1982, is a holding firm whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc. (American) and its regional subsidiaries, Envoy Aviation Group Inc. (Envoy), Piedmont Airlines, Inc. (Piedmont) and PSA Airlines, Inc. (PSA) that operate under capacity purchase agreements as American Eagle.

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