Gendell Jeffrey L Boosted American Airls Group INC (AAL) Position by $18.31 Million; Stock Value Declined

September 30, 2018 - By Palma Niemeyer

American Airlines Group Inc. (NASDAQ:AAL) LogoInvestors sentiment increased to 0.95 in 2018 Q2. Its up 0.12, from 0.83 in 2018Q1. It increased, as 63 investors sold AAL shares while 156 reduced holdings. 72 funds opened positions while 135 raised stakes. 366.72 million shares or 0.08% less from 367.01 million shares in 2018Q1 were reported. Rench Wealth reported 9,373 shares or 0.26% of all its holdings. New Jersey Better Educational Savings accumulated 10,000 shares or 0.41% of the stock. Williams Jones & Limited Company reported 0.03% stake. The New York-based Blackrock has invested 0.04% in American Airlines Group Inc. (NASDAQ:AAL). Arrow Fincl invested 0.01% of its portfolio in American Airlines Group Inc. (NASDAQ:AAL). Maryland-based Sandy Spring National Bank & Trust has invested 0.01% in American Airlines Group Inc. (NASDAQ:AAL). Reilly Financial Advisors Limited, California-based fund reported 4,412 shares. Moreover, Stifel Corp has 0.02% invested in American Airlines Group Inc. (NASDAQ:AAL) for 195,240 shares. Next Gru Incorporated holds 7,505 shares. Boston Prtn holds 1.69 million shares or 0.08% of its portfolio. California State Teachers Retirement Sys invested in 0.06% or 703,433 shares. Alliancebernstein LP has invested 0.02% in American Airlines Group Inc. (NASDAQ:AAL). Bain Credit Limited Partnership has 49,838 shares. Lee Danner And Bass stated it has 0.14% of its portfolio in American Airlines Group Inc. (NASDAQ:AAL). Moreover, Dubuque Bancorporation And has 0% invested in American Airlines Group Inc. (NASDAQ:AAL) for 8 shares.

Since April 20, 2018, it had 0 buys, and 2 selling transactions for $683,600 activity.

Gendell Jeffrey L increased its stake in American Airls Group Inc (AAL) by 46.84% based on its latest 2018Q2 regulatory filing with the SEC. Gendell Jeffrey L bought 494,868 shares as the company’s stock declined 8.53% while stock markets rallied. The institutional investor held 1.55M shares of the transportation company at the end of 2018Q2, valued at $58.89 million, up from 1.06M 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 $19.03 billion market cap company. The stock decreased 0.41% or $0.17 during the last trading session, reaching $41.33. About 5.03M shares traded. American Airlines Group Inc. (NASDAQ:AAL) has declined 15.19% since September 30, 2017 and is downtrending. It has underperformed by 30.81% the S&P500.

Gendell Jeffrey L, which manages about $980.40M US Long portfolio, decreased its stake in Skyline Champion Corporation (NYSEMKT:SKY) by 129,817 shares to 1.14M shares, valued at $39.79 million in 2018Q2, according to the filing. It also reduced its holding in Citigroup Inc (NYSE:C) by 71,807 shares in the quarter, leaving it with 787,493 shares, and cut its stake in Cavco Inds Inc Del (NASDAQ:CVCO).

More notable recent American Airlines Group Inc. (NASDAQ:AAL) news were published by: Bizjournals.com which released: “American Airlines employees vote on new uniform design” on September 28, 2018, also Nasdaq.com with their article: “New Research Coverage Highlights CyberArk Software, Mercer International, American Airlines Group, Abbott …” published on September 27, 2018, Seekingalpha.com published: “American Airlines: Beaten To A Pulp” on September 14, 2018. More interesting news about American Airlines Group Inc. (NASDAQ:AAL) were released by: Nasdaq.com and their article: “Following Rivals, Delta Air Lines and American Airlines Raise Bag Fees” published on September 26, 2018 as well as Seekingalpha.com‘s news article titled: “American Airlines Tries Hard, But Is It Enough?” with publication date: September 26, 2018.

American Airlines Group Inc. (NASDAQ:AAL) Ratings Coverage

Among 9 analysts covering American Airlines Group (NASDAQ:AAL), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. American Airlines Group had 12 analyst reports since April 12, 2018 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, April 17 by Stephens. The stock of American Airlines Group Inc. (NASDAQ:AAL) earned “Buy” rating by Buckingham Research on Wednesday, June 13. As per Tuesday, May 29, the company rating was maintained by Citigroup. Barclays Capital maintained the shares of AAL in report on Monday, July 16 with “Overweight” rating. On Friday, June 1 the stock rating was upgraded by Imperial Capital to “Outperform”. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, July 12. The stock of American Airlines Group Inc. (NASDAQ:AAL) earned “Hold” rating by Deutsche Bank on Tuesday, July 3. The company was maintained on Tuesday, July 17 by Buckingham Research. The rating was maintained by Imperial Capital with “Outperform” on Thursday, September 27. The firm earned “Equal-Weight” rating on Thursday, April 12 by Morgan Stanley.

American Airlines Group Inc. (NASDAQ:AAL) Ratings Chart

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