American Airlines Gp (NASDAQ:AAL).
Primecap Management Co/ca/ says it sold 492,485 shares last quarter decreasing its exposure to American Airlines Gp by 1.0%. Its investment was worth $2,423,725,000 a decrease of $169,215,000 according to the filing.
Several firms have updated their holdings. Millennium Management LLC added to its ownership by buying 1,101,562 shares an increase of 126.1% as of 09/30/2017. Millennium Management LLC controls 1,975,146 shares worth $93,800,000. The value of the position overall is up by 113.4%. Tiaa Cref Investment Management LLC expanded its stake by buying 536,505 shares an increase of 34.4% from 06/30/2017 to 09/30/2017. Tiaa Cref Investment Management LLC now controls 2,094,521 shares valued at $99,469,000. The total value of its holdings increased 26.9%.
As of quarter end Pinnacle Holdings, LLC had sold 14,143 shares trimming its position 50.0%. The value of the investment in (AAL) went from $1,422,546,000 to $670,891,000 a change of $751,655,000 quarter to quarter.
On October 27, 2017 Buckingham Research maintained a “Buy” rating on the company.
Cowen and Company raised the price target on October 10 changing the price objective from $55.00 to $56.00 with a rating of “Outperform”. On October 2 Morgan Stanley kept the company rating at “Equal Weight” with a current price target of $51.00.
September 26 investment analysts at Cowen and Company maintained a company rating of “Outperform” projecting a price of $55.00. Macquarie issued a report on AAL giving it an initial rating of “Neutral”.
The company is trading down from yesterday’s close of 3. The P/E ratio is 6.46 and market cap is 20.16B. As of the last earnings report the EPS was $2.22 with 1.40B shares presently outstanding.
Traders are a little more bullish of late if you consider the fall in short interest. The company recorded a fall in short interest of -20.07% as of the latest report on October 13, 2017. Short shares fell 6,480,611 over that period. The short-interest ratio decreased to 5.0 and the percentage of shorted shares is 0.02% as of October 13.