Glendon Capital Management LP Has Lowered By $1.95 Million Its American Airls Group (AAL) Stake; Gabelli Multimedia Trust (GGT) Has 1.31 Sentiment

July 17, 2017 - By Hazel Jackson

The Gabelli Multimedia Trust Inc. is a United States non-diversified closed-end management investment company. The company has market cap of $222.50 million. The Fund’s investment objective is long term growth of capital. It currently has negative earnings. The Fund will invest at least 80% of its assets, under normal market conditions, in common stock and other securities, including convertible securities, preferred stock, options, and warrants of companies in the telecommunications, media, publishing and entertainment industries.

Glendon Capital Management Lp decreased American Airls Group Inc (AAL) stake by 30.49% reported in 2016Q4 SEC filing. Glendon Capital Management Lp sold 42,355 shares as American Airls Group Inc (AAL)’s stock declined 3.60%. The Glendon Capital Management Lp holds 96,537 shares with $4.51M value, down from 138,892 last quarter. American Airls Group Inc now has $26.92B valuation. The stock rose 0.04% or $0.02 reaching $54.24. About 1.68M shares traded. American Airlines Group Inc (NASDAQ:AAL) has risen 40.65% since July 17, 2016 and is uptrending. It has outperformed by 23.95% the S&P500.

Analysts await American Airlines Group Inc (NASDAQ:AAL) to report earnings on July, 28. They expect $1.82 EPS, up 2.82% or $0.05 from last year’s $1.77 per share. AAL’s profit will be $903.29 million for 7.45 P/E if the $1.82 EPS becomes a reality. After $0.61 actual EPS reported by American Airlines Group Inc for the previous quarter, Wall Street now forecasts 198.36% EPS growth.

Investors sentiment increased to 0.81 in Q4 2016. Its up 0.35, from 0.46 in 2016Q3. It is positive, as 48 investors sold AAL shares while 206 reduced holdings. 84 funds opened positions while 121 raised stakes. 396.61 million shares or 2.57% more from 386.67 million shares in 2016Q3 were reported. Bluecrest Capital Mngmt Ltd owns 0.01% invested in American Airlines Group Inc (NASDAQ:AAL) for 5,497 shares. Shufro Rose Ltd Liability Corp invested in 5,567 shares. State Of New Jersey Common Pension Fund D, a New Jersey-based fund reported 20,000 shares. Aberdeen Asset Mgmt Public Limited Company Uk holds 90,230 shares or 0.02% of its portfolio. Stoneridge Inv Ptnrs Ltd Liability Com has invested 0.37% in American Airlines Group Inc (NASDAQ:AAL). Norinchukin Bank & Trust The holds 0.08% or 70,079 shares in its portfolio. Great West Life Assurance Can invested in 0.02% or 159,821 shares. Meeder Asset Mgmt Inc reported 76,076 shares. Mitsubishi Ufj Hldg Limited has invested 0.36% in American Airlines Group Inc (NASDAQ:AAL). Moreover, Schwab Charles Invest Mngmt has 0.08% invested in American Airlines Group Inc (NASDAQ:AAL) for 1.50 million shares. New Mexico Educational Retirement Board accumulated 56,600 shares. Ontario Teachers Pension Plan Board invested in 41,771 shares. Ls Inv Advsr Ltd Liability Co accumulated 19,660 shares or 0.06% of the stock. Blackrock Gp Limited reported 0.06% in American Airlines Group Inc (NASDAQ:AAL). Stratos Wealth Prns Ltd holds 4,654 shares.

Since February 6, 2017, it had 1 insider buy, and 7 selling transactions for $11.38 million activity. 9,455 American Airlines Group Inc (NASDAQ:AAL) shares with value of $442,399 were sold by Leibman Maya. ALBAUGH JAMES F bought $131,552 worth of stock. 492 shares were sold by Nocella Andrew P, worth $23,370. The insider ROBINSON RAY M sold 8,000 shares worth $361,762. $5.21 million worth of American Airlines Group Inc (NASDAQ:AAL) shares were sold by KERR DEREK J. The insider EBERWEIN ELISE R sold $1.66M. Isom Robert D Jr sold 59,758 shares worth $2.69 million.

Among 20 analysts covering American Airlines Group (NASDAQ:AAL), 6 have Buy rating, 4 Sell and 10 Hold. Therefore 30% are positive. American Airlines Group had 41 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, January 27 by UBS. On Wednesday, September 30 the stock rating was downgraded by Goldman Sachs to “Neutral”. Wolfe Research maintained American Airlines Group Inc (NASDAQ:AAL) on Friday, October 21 with “Outperform” rating. The rating was upgraded by Raymond James to “Outperform” on Thursday, March 24. The stock of American Airlines Group Inc (NASDAQ:AAL) earned “Underperform” rating by Bernstein on Tuesday, October 11. The firm has “Overweight” rating given on Thursday, April 28 by Morgan Stanley. The stock of American Airlines Group Inc (NASDAQ:AAL) earned “Buy” rating by Stifel Nicolaus on Thursday, May 25. The firm has “Mkt Perform” rating by Raymond James given on Wednesday, September 21. The rating was downgraded by Bank of America to “Underperform” on Thursday, June 16. As per Monday, February 6, the company rating was upgraded by Bernstein.

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