Arconic (ARNC) Reaches $25.53 After 5.00% Down Move; Arrowgrass Capital Partners LP Has Lifted By $1.77 Million Its American Airls Group (Put) (AAL) Stake

June 21, 2017 - By Marie Mckinney

The stock of Arconic Inc (NYSE:ARNC) is a huge mover today! About 1.44M shares traded. Arconic Inc (NYSE:ARNC) has risen 34.47% since June 21, 2016 and is uptrending. It has outperformed by 17.77% the S&P500.The move comes after 6 months negative chart setup for the $11.17 billion company. It was reported on Jun, 21 by Barchart.com. We have $24.25 PT which if reached, will make NYSE:ARNC worth $558.50 million less.

Arrowgrass Capital Partners Lp increased American Airls Group Inc (Put) (AAL) stake by 47.5% reported in 2016Q4 SEC filing. Arrowgrass Capital Partners Lp acquired 380 shares as American Airls Group Inc (Put) (AAL)’s stock declined 3.60%. The Arrowgrass Capital Partners Lp holds 1,180 shares with $5.51M value, up from 800 last quarter. American Airls Group Inc (Put) now has $22.99 billion valuation. The stock rose 0.46% or $0.22 reaching $48.25 per share. About 1.49M shares traded. American Airlines Group Inc (NASDAQ:AAL) has risen 40.65% since June 21, 2016 and is uptrending. It has outperformed by 23.95% the S&P500.

Arrowgrass Capital Partners Lp decreased Electronics For Imaging Inc (NASDAQ:EFII) stake by 91,061 shares to 416,896 valued at $18.29M in 2016Q4. It also reduced Exxon Mobil Corp (Call) (NYSE:XOM) stake by 833 shares and now owns 3,215 shares. Blackrock Inc (Call) (NYSE:BLK) was reduced too.

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 40 analyst reports since July 28, 2015 according to SRatingsIntel. Imperial Capital maintained the stock with “In-Line” rating in Tuesday, November 22 report. The stock of American Airlines Group Inc (NASDAQ:AAL) earned “Underperform” rating by Bernstein on Tuesday, October 11. The stock of American Airlines Group Inc (NASDAQ:AAL) earned “Outperform” rating by Credit Suisse on Thursday, January 7. Vetr downgraded the stock to “Strong-Buy” rating in Thursday, August 27 report. The firm has “Underperform” rating by Credit Suisse given on Wednesday, July 6. The stock has “Outperform” rating by Wolfe Research on Friday, October 21. The company was upgraded on Monday, February 1 by Cowen & Co. As per Thursday, February 4, the company rating was maintained by JP Morgan. The firm has “Buy” rating given on Thursday, May 25 by Stifel Nicolaus. The stock has “Solid Sell” rating by Zacks on Tuesday, August 11.

Since December 28, 2016, it had 1 insider purchase, and 9 selling transactions for $17.06 million activity. $23,370 worth of American Airlines Group Inc (NASDAQ:AAL) shares were sold by Nocella Andrew P. $361,762 worth of stock was sold by ROBINSON RAY M on Tuesday, February 7. Another trade for 4,129 shares valued at $202,321 was sold by PARKER W DOUGLAS. The insider Leibman Maya sold 9,455 shares worth $442,399. ALBAUGH JAMES F had bought 3,000 shares worth $131,552 on Thursday, May 4. $2.69 million worth of American Airlines Group Inc (NASDAQ:AAL) was sold by Isom Robert D Jr on Monday, February 6. 104,223 shares were sold by KERR DEREK J, worth $5.21M.

Investors sentiment increased to 0.81 in Q4 2016. Its up 0.35, from 0.46 in 2016Q3. It improved, 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. 4,649 are held by Marshall Wace Ltd Liability Partnership. Amer Century stated it has 371,891 shares. First Dallas Securities has 1.67% invested in American Airlines Group Inc (NASDAQ:AAL) for 52,314 shares. Aqr Management Ltd Liability Corporation invested 0.02% of its portfolio in American Airlines Group Inc (NASDAQ:AAL). Boothbay Fund Mngmt Ltd Limited Liability Company invested in 0.17% or 11,324 shares. First Republic Inv Mngmt Inc holds 0.01% or 22,882 shares in its portfolio. Carroll Associates invested in 196 shares. Putnam Invests Lc owns 5.97M shares. Amer State Bank holds 74,609 shares. Jefferies Grp Inc Limited Company holds 0.02% in American Airlines Group Inc (NASDAQ:AAL) or 95,292 shares. Gam Ag holds 0.08% or 97,937 shares. Piedmont Advsr Lc stated it has 0% in American Airlines Group Inc (NASDAQ:AAL). Johnson Grp Inc reported 216 shares. Moreover, Sumitomo Mitsui Trust Hldgs has 0.03% invested in American Airlines Group Inc (NASDAQ:AAL). Amica Retiree reported 5,179 shares or 0.19% of all its holdings.

Among 3 analysts covering Arconic (NYSE:ARNC), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Arconic had 3 analyst reports since December 8, 2016 according to SRatingsIntel. The rating was initiated by Longbow with “Neutral” on Friday, March 31. As per Thursday, March 30, the company rating was maintained by Cowen & Co. The stock of Arconic Inc (NYSE:ARNC) has “Buy” rating given on Thursday, December 8 by Argus Research.

Arconic Inc., formerly Alcoa Inc., is engaged in lightweight metals engineering and manufacturing. The company has market cap of $11.17 billion. The Firm operates through three divisions: Global Rolled Products, Engineered Products and Solutions, and Transportation and Construction Solutions. It currently has negative earnings. The Company’s multi-material products, which include aluminum, titanium and nickel, are used around the world in markets, such as aerospace, automotive, commercial transportation and packaging.