As Agrium (AGU) Market Value Declined, Holder Black Creek Investment Management Trimmed Its Holding; American Airlines Group (AAL) Holding Maintained by Advent Capital Management

February 15, 2018 - By Kurt Siggers

Advent Capital Management increased its stake in American Airlines Group Inc (AAL) by 50% based on its latest 2017Q3 regulatory filing with the SEC. Advent Capital Management bought 50,000 shares as the company’s stock declined 3.60% while stock markets rallied. The institutional investor held 150,000 shares of the transportation company at the end of 2017Q3, valued at $7.12 million, up from 100,000 at the end of the previous reported quarter. Advent Capital Management who had been investing in American Airlines Group Inc for a number of months, seems to be bullish on the $24.28B market cap company. The stock increased 0.39% or $0.2 during the last trading session, reaching $51.07. About 4.98 million shares traded or 3.79% up from the average. American Airlines Group Inc. (NASDAQ:AAL) has risen 40.65% since February 15, 2017 and is uptrending. It has outperformed by 23.95% the S&P500.

Black Creek Investment Management Inc decreased its stake in Agrium Inc (AGU) by 7.26% based on its latest 2017Q3 regulatory filing with the SEC. Black Creek Investment Management Inc sold 33,000 shares as the company’s stock declined 10.74% while stock markets rallied. The institutional investor held 421,831 shares of the agricultural chemicals company at the end of 2017Q3, valued at $45.10M, down from 454,831 at the end of the previous reported quarter. Black Creek Investment Management Inc who had been investing in Agrium Inc for a number of months, seems to be less bullish one the $16.09B market cap company. The stock increased 0.36% or $0.41 during the last trading session, reaching $115. About 833,843 shares traded or 158.06% up from the average. Agrium Inc. (NYSE:AGU) has risen 5.50% since February 15, 2017 and is uptrending. It has underperformed by 11.20% the S&P500.

Since September 14, 2017, it had 0 buys, and 4 sales for $4.24 million activity. Another trade for 3,476 shares valued at $162,523 was sold by ROBINSON RAY M. $2.09 million worth of stock was sold by KERR DEREK J on Monday, January 29. Another trade for 35,182 shares valued at $1.83M was sold by HART MATTHEW J.

Among 23 analysts covering American Airlines Group (NASDAQ:AAL), 13 have Buy rating, 3 Sell and 7 Hold. Therefore 57% are positive. American Airlines Group had 76 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Buy” rating by Raymond James given on Wednesday, September 20. The firm earned “Hold” rating on Tuesday, October 13 by Evercore. Morgan Stanley maintained American Airlines Group Inc. (NASDAQ:AAL) on Monday, July 17 with “Equal-Weight” rating. The stock of American Airlines Group Inc. (NASDAQ:AAL) earned “Overweight” rating by JP Morgan on Tuesday, August 1. Imperial Capital maintained the shares of AAL in report on Wednesday, September 2 with “Outperform” rating. Imperial Capital maintained American Airlines Group Inc. (NASDAQ:AAL) on Tuesday, January 31 with “In-Line” rating. The rating was maintained by Imperial Capital with “In-Line” on Tuesday, November 22. The rating was maintained by Stifel Nicolaus with “Buy” on Sunday, August 20. The stock of American Airlines Group Inc. (NASDAQ:AAL) has “Buy” rating given on Monday, October 12 by Deutsche Bank. The stock of American Airlines Group Inc. (NASDAQ:AAL) earned “Equal-Weight” rating by Stephens on Tuesday, March 29.

Investors sentiment decreased to 0.66 in Q3 2017. Its down 0.25, from 0.91 in 2017Q2. It turned negative, as 53 investors sold AAL shares while 210 reduced holdings. 55 funds opened positions while 118 raised stakes. 380.49 million shares or 2.17% less from 388.91 million shares in 2017Q2 were reported. Blue Edge Cap Lc owns 0.66% invested in American Airlines Group Inc. (NASDAQ:AAL) for 30,489 shares. Highland Capital Management Lc reported 0.11% in American Airlines Group Inc. (NASDAQ:AAL). Credit Suisse Ag stated it has 0.02% of its portfolio in American Airlines Group Inc. (NASDAQ:AAL). Raymond James & Associate has invested 0.02% in American Airlines Group Inc. (NASDAQ:AAL). Ls Ltd Liability Corp owns 20,802 shares. Zeke Capital Advsr Ltd Llc accumulated 9,300 shares. Peak6 Invests Lp invested 0.12% of its portfolio in American Airlines Group Inc. (NASDAQ:AAL). 118,429 were accumulated by Creative Planning. Quantres Asset Mngmt Limited stated it has 0.24% in American Airlines Group Inc. (NASDAQ:AAL). Brinker has invested 0.03% in American Airlines Group Inc. (NASDAQ:AAL). Metropolitan Life Ins New York has 0.13% invested in American Airlines Group Inc. (NASDAQ:AAL) for 429,382 shares. Boothbay Fund Mgmt Ltd reported 4,743 shares. Frontier Cap Mngmt Ltd Liability holds 401,200 shares or 0.14% of its portfolio. Aperio Gp Limited Liability Co stated it has 0.04% of its portfolio in American Airlines Group Inc. (NASDAQ:AAL). Dekabank Deutsche Girozentrale has invested 0.01% of its portfolio in American Airlines Group Inc. (NASDAQ:AAL).

Advent Capital Management, which manages about $5.28 billion US Long portfolio, decreased its stake in Finisar Corp (Prn) by 10.27M shares to 39.19M shares, valued at $40.93M in 2017Q3, according to the filing. It also reduced its holding in Advanced Micro Devices (Prn) by 564,000 shares in the quarter, leaving it with 8.03 million shares, and cut its stake in Macquarie Infrastructure (Prn).

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