Sumitomo Mitsui Asset Management Company LTD Trimmed Its Spirit Rlty Cap New (SRC) Position; Glendon Capital Management LP Has Decreased Its American Airls Group (AAL) Stake

November 14, 2017 - By Peter Erickson

Sumitomo Mitsui Asset Management Company Ltd decreased Spirit Rlty Cap Inc New (SRC) stake by 62.29% reported in 2017Q2 SEC filing. Sumitomo Mitsui Asset Management Company Ltd sold 925,938 shares as Spirit Rlty Cap Inc New (SRC)’s stock declined 32.65%. The Sumitomo Mitsui Asset Management Company Ltd holds 560,480 shares with $4.15 million value, down from 1.49 million last quarter. Spirit Rlty Cap Inc New now has $3.93 billion valuation. The stock declined 0.29% or $0.02 reaching $8.6 per share. About 2.83M shares traded. Spirit Realty Capital, Inc (New) (NYSE:SRC) has declined 36.20% since November 14, 2016 and is downtrending. It has underperformed by 52.90% the S&P500.

Glendon Capital Management Lp decreased American Airls Group Inc (AAL) stake by 25.2% reported in 2017Q2 SEC filing. Glendon Capital Management Lp sold 29,221 shares as American Airls Group Inc (AAL)’s stock declined 3.60%. The Glendon Capital Management Lp holds 86,751 shares with $4.37 million value, down from 115,972 last quarter. American Airls Group Inc now has $21.90 billion valuation. The stock rose 0.07% or $0.03 reaching $45.77. About 978,842 shares traded. American Airlines Group Inc (NASDAQ:AAL) has risen 40.65% since November 14, 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 January, 26. They expect $0.71 earnings per share, down 22.83% or $0.21 from last year’s $0.92 per share. AAL’s profit will be $339.72M for 16.12 P/E if the $0.71 EPS becomes a reality. After $1.42 actual earnings per share reported by American Airlines Group Inc for the previous quarter, Wall Street now forecasts -50.00% negative EPS growth.

Since June 2, 2017, it had 0 insider purchases, and 2 selling transactions for $6.87 million activity. KERR DEREK J had sold 104,223 shares worth $5.21M. $1.66 million worth of American Airlines Group Inc (NASDAQ:AAL) was sold by EBERWEIN ELISE R on Friday, June 2.

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 stock of American Airlines Group Inc (NASDAQ:AAL) earned “Overweight” rating by Barclays Capital on Friday, September 22. The rating was downgraded by Vetr to “Strong-Buy” on Thursday, August 27. The stock of American Airlines Group Inc (NASDAQ:AAL) earned “Neutral” rating by JP Morgan on Friday, September 15. Imperial Capital maintained American Airlines Group Inc (NASDAQ:AAL) rating on Tuesday, November 22. Imperial Capital has “In-Line” rating and $49 target. The stock of American Airlines Group Inc (NASDAQ:AAL) has “Buy” rating given on Thursday, July 13 by Citigroup. The stock of American Airlines Group Inc (NASDAQ:AAL) earned “Buy” rating by Buckingham Research on Friday, October 27. Citigroup initiated American Airlines Group Inc (NASDAQ:AAL) on Friday, November 18 with “Buy” rating. Cowen & Co upgraded American Airlines Group Inc (NASDAQ:AAL) rating on Monday, February 1. Cowen & Co has “Outperform” rating and $48 target. The company was maintained on Monday, July 17 by Morgan Stanley. The rating was maintained by Wolfe Research with “Outperform” on Friday, October 21.

Investors sentiment decreased to 0.91 in 2017 Q2. Its down 0.03, from 0.94 in 2017Q1. It fall, 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. Legal General Grp Public Limited holds 0.03% of its portfolio in American Airlines Group Inc (NASDAQ:AAL) for 790,853 shares. Great Lakes Advsr invested in 93,840 shares. Blue Edge Capital Ltd Co stated it has 31,653 shares or 0% of all its holdings. Ubs Oconnor Ltd Co accumulated 774,260 shares. Inv Centers Of America Inc accumulated 0.02% or 4,081 shares. Vanguard Grp Inc owns 30.30M shares. Andra Ap reported 30,200 shares. Jane Street Limited Liability Co has 221,922 shares for 0.04% of their portfolio. Kentucky Retirement Sys has 0.12% invested in American Airlines Group Inc (NASDAQ:AAL). Nordea Invest Management Ab invested in 106,717 shares or 0.01% of the stock. Parkwood Llc has 44,850 shares. Wellington Management Grp Inc Llp owns 1.00M shares or 0.01% of their US portfolio. North Star Management stated it has 0.24% of its portfolio in American Airlines Group Inc (NASDAQ:AAL). Lee Danner Bass reported 36,794 shares. 46,286 are held by Ww Asset Mngmt.

Analysts await Spirit Realty Capital, Inc (New) (NYSE:SRC) to report earnings on February, 28. They expect $0.20 EPS, down 4.76% or $0.01 from last year’s $0.21 per share. SRC’s profit will be $91.40 million for 10.75 P/E if the $0.20 EPS becomes a reality. After $0.23 actual EPS reported by Spirit Realty Capital, Inc (New) for the previous quarter, Wall Street now forecasts -13.04% negative EPS growth.

Sumitomo Mitsui Asset Management Company Ltd increased Main Street Capital Corp (NYSE:MAIN) stake by 32,453 shares to 169,538 valued at $6.52M in 2017Q2. It also upped Gartner Inc (NYSE:IT) stake by 7,215 shares and now owns 58,455 shares. Yelp Inc (NYSE:YELP) was raised too.

Since May 24, 2017, it had 4 buys, and 0 sales for $321,375 activity. Hsieh Jackson bought $99,596 worth of stock. Shares for $50,049 were bought by JOSEPH PHILLIP D JR on Friday, June 2. Another trade for 10,000 shares valued at $71,900 was bought by Messmann Boyd.

Investors sentiment decreased to 0.98 in Q2 2017. Its down 0.42, from 1.4 in 2017Q1. It dropped, as 53 investors sold SRC shares while 82 reduced holdings. 52 funds opened positions while 80 raised stakes. 425.47 million shares or 8.88% less from 466.96 million shares in 2017Q1 were reported. Tricadia Mngmt Ltd invested in 1.47 million shares or 3.89% of the stock. California Public Employees Retirement invested 0.01% in Spirit Realty Capital, Inc (New) (NYSE:SRC). 560,480 are held by Sumitomo Mitsui Asset Com Ltd. American Century Cos Inc accumulated 0.03% or 3.44 million shares. Tudor Inv Corporation Et Al reported 58,540 shares. 27,188 were accumulated by Sg Americas Ltd Liability Co. Parkwood Ltd Com holds 0.02% or 14,368 shares in its portfolio. Wolverine Asset Limited Company holds 0.02% or 224,223 shares. Price T Rowe Associates Md reported 0% of its portfolio in Spirit Realty Capital, Inc (New) (NYSE:SRC). Private Advisor Gru Ltd Liability Company holds 58,740 shares or 0.01% of its portfolio. Bank & Trust Of Montreal Can holds 0% or 2,760 shares in its portfolio. Amalgamated Fincl Bank invested in 0.02% or 87,731 shares. Creative Planning reported 0% of its portfolio in Spirit Realty Capital, Inc (New) (NYSE:SRC). Goldman Sachs stated it has 0% in Spirit Realty Capital, Inc (New) (NYSE:SRC). Next Fincl Gru Incorporated owns 14,176 shares.

Among 17 analysts covering Spirit Realty Capital (NYSE:SRC), 8 have Buy rating, 0 Sell and 9 Hold. Therefore 47% are positive. Spirit Realty Capital had 45 analyst reports since July 23, 2015 according to SRatingsIntel. On Friday, December 16 the stock rating was downgraded by Mizuho to “Neutral”. The stock of Spirit Realty Capital, Inc (New) (NYSE:SRC) earned “Buy” rating by UBS on Thursday, August 4. Ladenburg maintained Spirit Realty Capital, Inc (New) (NYSE:SRC) on Thursday, November 2 with “Hold” rating. Wunderlich maintained Spirit Realty Capital, Inc (New) (NYSE:SRC) rating on Tuesday, May 10. Wunderlich has “Buy” rating and $14 target. The firm has “Neutral” rating by JP Morgan given on Friday, May 5. The firm earned “Buy” rating on Tuesday, October 27 by Wunderlich. The rating was upgraded by Sandler O’Neill on Friday, May 5 to “Buy”. Mizuho maintained Spirit Realty Capital, Inc (New) (NYSE:SRC) rating on Friday, October 20. Mizuho has “Buy” rating and $9.0 target. BTIG Research initiated Spirit Realty Capital, Inc (New) (NYSE:SRC) rating on Thursday, August 25. BTIG Research has “Buy” rating and $15 target. Ladenburg Thalmann downgraded the stock to “Neutral” rating in Friday, May 5 report.

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