Aar Corp (AIR) Holder Beach Point Capital Management LP Has Trimmed Holding by $8.39 Million as Stock Declined

February 10, 2018 - By Peter Erickson

Investors sentiment increased to 1.5 in 2017 Q3. Its up 0.19, from 1.31 in 2017Q2. It improved, as 13 investors sold AIR shares while 43 reduced holdings. 33 funds opened positions while 51 raised stakes. 30.06 million shares or 0.02% more from 30.06 million shares in 2017Q2 were reported. 157,801 were reported by Invesco Limited. Connor Clark And Lunn Invest reported 0% of its portfolio in AAR Corp. (NYSE:AIR). 359 were accumulated by Mufg Americas. Point72 Asia (Hong Kong) Ltd owns 441 shares for 0.01% of their portfolio. Citigroup accumulated 0% or 43,743 shares. Beach Point Cap Mngmt Limited Partnership holds 1.98% of its portfolio in AAR Corp. (NYSE:AIR) for 226,664 shares. Indexiq Advsr Limited Company reported 25,771 shares. Great West Life Assurance Company Can holds 42,946 shares. Raymond James And Assoc owns 8,417 shares. Schwab Charles Invest Management Inc holds 0.01% or 311,303 shares. Geode Capital Management Ltd Liability Company invested in 0% or 263,446 shares. Nationwide Fund Advsrs holds 0% of its portfolio in AAR Corp. (NYSE:AIR) for 24,161 shares. Patten Group accumulated 49 shares or 0.01% of the stock. Ameriprise invested in 0% or 177,223 shares. Walthausen Ltd reported 301,610 shares stake.

Since January 17, 2018, it had 0 insider purchases, and 1 insider sale for $1.03 million activity.

Carl Goldsmith decreased its stake in Aar Corp (AIR) by 50% based on its latest 2017Q3 regulatory filing with the SEC. Beach Point Capital Management Lp sold 226,663 shares as the company’s stock declined 1.12% while stock markets rallied. The hedge fund run by Carl Goldsmith held 226,664 shares of the aerospace company at the end of 2017Q3, valued at $8.56 million, down from 453,327 at the end of the previous reported quarter. Beach Point Capital Management Lp who had been investing in Aar Corp for a number of months, seems to be less bullish one the $1.33 billion market cap company. The stock increased 1.35% or $0.52 during the last trading session, reaching $39.06. About 484,470 shares traded or 81.68% up from the average. AAR Corp. (NYSE:AIR) has risen 46.02% since February 10, 2017 and is uptrending. It has outperformed by 29.32% the S&P500.

More recent AAR Corp. (NYSE:AIR) news were published by: Streetinsider.com which released: “Canaccord Genuity Upgrades AAR Corporation (AIR) to Buy” on February 08, 2018. Also Seekingalpha.com published the news titled: “AAR Corp’s (AIR) CEO David Storch on Q2 2018 Results – Earnings Call Transcript” on December 22, 2017. Nasdaq.com‘s news article titled: “AAR Corp. (AIR) Ex-Dividend Date Scheduled for January 19, 2018” with publication date: January 18, 2018 was also an interesting one.

AAR Corp. (NYSE:AIR) Ratings Coverage

Among 7 analysts covering AAR Corp. (NYSE:AIR), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. AAR Corp. had 21 analyst reports since December 22, 2015 according to SRatingsIntel. As per Tuesday, January 16, the company rating was upgraded by Seaport Global. The stock of AAR Corp. (NYSE:AIR) has “Buy” rating given on Thursday, November 2 by Noble Financial. On Wednesday, October 11 the stock rating was maintained by Canaccord Genuity with “Hold”. The stock has “Buy” rating by Noble Financial on Wednesday, July 12. Canaccord Genuity initiated AAR Corp. (NYSE:AIR) on Wednesday, September 6 with “Hold” rating. The stock has “Buy” rating by Credit Suisse on Friday, January 12. Seaport Global initiated the stock with “Hold” rating in Tuesday, September 12 report. The firm has “Buy” rating given on Thursday, January 19 by SunTrust. The stock of AAR Corp. (NYSE:AIR) earned “Buy” rating by Noble Financial on Tuesday, April 4. Canaccord Genuity maintained AAR Corp. (NYSE:AIR) rating on Thursday, January 11. Canaccord Genuity has “Hold” rating and $42.0 target.

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