Alpine Investment Management Position in General Motors (GM) Raised as Valuation Declined; Essex Investment Management Co Lifted Its Holding in American Airls Group (AAL) as Stock Value Declined

December 7, 2017 - By Louis Casey

Essex Investment Management Co Llc increased its stake in American Airls Group Inc (AAL) by 107.57% based on its latest 2017Q2 regulatory filing with the SEC. Essex Investment Management Co Llc bought 27,108 shares as the company’s stock declined 3.60% while stock markets rallied. The hedge fund held 52,308 shares of the transportation company at the end of 2017Q2, valued at $2.63 million, up from 25,200 at the end of the previous reported quarter. Essex Investment Management Co Llc who had been investing in American Airls Group Inc for a number of months, seems to be bullish on the $23.74B market cap company. The stock increased 0.28% or $0.14 during the last trading session, reaching $49.61. About 2.84M shares traded. American Airlines Group Inc. (NASDAQ:AAL) has risen 40.65% since December 7, 2016 and is uptrending. It has outperformed by 23.95% the S&P500.

Alpine Investment Management Llc increased its stake in General Motors (GM) by 0.68% based on its latest 2017Q2 regulatory filing with the SEC. Alpine Investment Management Llc bought 16,135 shares as the company’s stock declined 12.09% while stock markets rallied. The hedge fund held 2.39 million shares of the auto manufacturing company at the end of 2017Q2, valued at $83.55M, up from 2.38 million at the end of the previous reported quarter. Alpine Investment Management Llc who had been investing in General Motors for a number of months, seems to be bullish on the $59.87B market cap company. The stock decreased 1.52% or $0.65 during the last trading session, reaching $42.15. About 12.87M shares traded. General Motors Company (NYSE:GM) has risen 7.92% since December 7, 2016 and is uptrending. It has underperformed by 8.78% the S&P500.




More notable recent General Motors Company (NYSE:GM) news were published by: Seekingalpha.com which released: “General Motors: Motoring Higher” on November 24, 2017, also Nasdaq.com with their article: “General Motors Company (GM) Ex-Dividend Date Scheduled for December 07, 2017” published on December 06, 2017, Cnbc.com published: “General Motors plans to take on ride-sharing services with self-driving cars …” on November 30, 2017. More interesting news about General Motors Company (NYSE:GM) were released by: Seekingalpha.com and their article: “General Motors: Forget Tesla” published on December 03, 2017 as well as Seekingalpha.com‘s news article titled: “GM Is ‘Plug-In’ Along Confidently” with publication date: November 30, 2017.

Alpine Investment Management Llc, which manages about $980.30M and $1.16B US Long portfolio, decreased its stake in Microsoft (NASDAQ:MSFT) by 117,828 shares to 1.86 million shares, valued at $128.32 million in 2017Q2, according to the filing. It also reduced its holding in Liberty Global Plc Cl C by 3.10M shares in the quarter, leaving it with 236,878 shares, and cut its stake in Berkshire Hathaway Inc (BRKB).

Investors sentiment decreased to 1.02 in Q2 2017. Its down 0.06, from 1.08 in 2017Q1. It is negative, as 75 investors sold GM shares while 286 reduced holdings. 71 funds opened positions while 297 raised stakes. 1.03 billion shares or 4.93% less from 1.08 billion shares in 2017Q1 were reported. Aperio Grp Ltd Company invested in 0.23% or 1.05M shares. 102,024 are held by Commonwealth Of Pennsylvania Public School Empls Retrmt. Moreover, Barnett & has 3.37% invested in General Motors Company (NYSE:GM) for 202,908 shares. Highvista Strategies Ltd Liability Co holds 0.1% or 13,000 shares. Exane Derivatives has 4,890 shares. Nordea Inv Mngmt reported 1.36 million shares or 0.12% of all its holdings. Capstone Asset Mgmt holds 0.3% or 312,154 shares. Argi Invest Ser Lc invested in 43,215 shares. National Bank & Trust Of The West reported 170,210 shares stake. Azimuth Capital Management Limited Liability Company has invested 0.27% in General Motors Company (NYSE:GM). Cls Invests Limited Liability Corp has 0% invested in General Motors Company (NYSE:GM) for 137 shares. Cetera Advsrs Ltd Liability, a Colorado-based fund reported 80,298 shares. Wealthtrust Axiom Lc owns 23,140 shares. Jane Street Grp Limited Liability reported 237,152 shares. Herndon Cap Mgmt Limited Liability Corporation has 0% invested in General Motors Company (NYSE:GM).

Among 29 analysts covering General Motors Company (NYSE:GM), 15 have Buy rating, 3 Sell and 11 Hold. Therefore 52% are positive. General Motors Company had 80 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, August 9 by Seaport Global. The stock has “Buy” rating by UBS on Friday, October 2. The stock has “Buy” rating by Citigroup on Wednesday, September 2. As per Tuesday, July 25, the company rating was maintained by RBC Capital Markets. The stock of General Motors Company (NYSE:GM) has “Underweight” rating given on Monday, August 24 by Morgan Stanley. The rating was maintained by RBC Capital Markets on Thursday, October 22 with “Sector Perform”. Morgan Stanley maintained the stock with “Overweight” rating in Thursday, September 21 report. The firm has “Market Perform” rating by BMO Capital Markets given on Wednesday, October 25. The stock has “Buy” rating by UBS on Thursday, October 22. Morgan Stanley upgraded the shares of GM in report on Monday, September 19 to “Overweight” rating.

More notable recent American Airlines Group Inc. (NASDAQ:AAL) news were published by: Nasdaq.com which released: “American Airlines Group, Inc. (AAL) Ex-Dividend Date Scheduled for November 10 …” on November 09, 2017, also Bloomberg.com with their article: “American Airlines, Pilots Agree on Solution to Staff December Flights” published on December 01, 2017, Dallasnews.com published: “American Airlines pilots expose frailty of CEO’s $1 billion labor bet” on December 05, 2017. More interesting news about American Airlines Group Inc. (NASDAQ:AAL) were released by: Forbes.com and their article: “Ex-Dividend Reminder: American Airlines Group, Astec Industries and Rockwell …” published on November 08, 2017 as well as Bloomberg.com‘s news article titled: “American Finds Pilots for Most December Flights After Glitch” with publication date: November 30, 2017.

Essex Investment Management Co Llc, which manages about $740.27M and $698.75M US Long portfolio, decreased its stake in Amazon Com Inc (NASDAQ:AMZN) by 2,044 shares to 23,583 shares, valued at $22.83 million in 2017Q2, according to the filing. It also reduced its holding in Lilly Eli & Co (NYSE:LLY) by 6,752 shares in the quarter, leaving it with 10,978 shares, and cut its stake in Kinross Gold Corp (NYSE:KGC).

Investors sentiment decreased to 0.91 in Q2 2017. Its down 0.03, from 0.94 in 2017Q1. It worsened, as 47 investors sold AAL shares while 194 reduced holdings. 65 funds opened positions while 154 raised stakes. 388.91 million shares or 0.14% less from 389.46 million shares in 2017Q1 were reported. Jefferies Group Lc accumulated 103,983 shares. 10,000 were reported by Paradigm Capital Management. Moreover, Nationwide Fund Advsrs has 0.09% invested in American Airlines Group Inc. (NASDAQ:AAL). 85,302 were reported by Weiss Multi. Fny Managed Accounts Ltd invested in 2,810 shares or 1.42% of the stock. Proshare Advisors holds 0.1% of its portfolio in American Airlines Group Inc. (NASDAQ:AAL) for 194,524 shares. Gfs Advisors Ltd owns 10,700 shares or 0.12% of their US portfolio. Vantage Inv Ltd Liability Corporation invested 0% of its portfolio in American Airlines Group Inc. (NASDAQ:AAL). Wellington Shields And Com Ltd Com holds 0.21% or 12,000 shares. Buckingham Capital Management stated it has 163,321 shares or 0.96% of all its holdings. Hanson Mcclain holds 200 shares or 0% of its portfolio. Neuberger Berman Group Ltd Liability Com reported 3.63M shares. Moreover, Primecap Management Ca has 2.23% invested in American Airlines Group Inc. (NASDAQ:AAL) for 51.53 million shares. Old Mutual Customised Solutions (Proprietary) Limited has invested 0.01% in American Airlines Group Inc. (NASDAQ:AAL). Bnp Paribas Arbitrage invested in 0.07% or 454,006 shares.

Among 23 analysts covering American Airlines Group (NASDAQ:AAL), 11 have Buy rating, 4 Sell and 8 Hold. Therefore 48% are positive. American Airlines Group had 66 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was downgraded by Credit Suisse to “Underperform” on Wednesday, July 6. The firm has “Outperform” rating by Cowen & Co given on Monday, July 31. The rating was initiated by Imperial Capital with “In-Line” on Friday, August 26. The firm has “Equal-Weight” rating by Stephens given on Tuesday, March 29. The firm earned “Buy” rating on Thursday, May 25 by Stifel Nicolaus. The stock has “Buy” rating by Stifel Nicolaus on Thursday, March 24. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, September 21 report. HSBC downgraded American Airlines Group Inc. (NASDAQ:AAL) on Wednesday, November 25 to “Reduce” rating. The stock has “Buy” rating by Citigroup on Wednesday, September 13. Imperial Capital maintained American Airlines Group Inc. (NASDAQ:AAL) on Tuesday, November 22 with “In-Line” rating.

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