The Chairman – CEO & President of American Assets Trust, Inc. (AAT), Ernest Rady Picked up 259,583 Shares; Airmedia Group – American Depositary Shares E (AMCN) Sellers Increased By 19.63% Their Shorts

March 15, 2018 - By Darrin Black

After the disclosing of a form filled with Security and Exchange Commission; a sizable insider trade became apparent. The Chairman – CEO & President of American Assets Trust Inc, Ernest Rady; did a considerable purchase in the open market by buying 259,583 shares at an average market price per share of $33.0 of the Pinksheet-listed company valued at near $8.55 million US Dollars . In the last 30 days, he also purchased 410,017 shares valued at $13.19 million USD. The regulatory filing shows that Ernest Rady now owns about 13.48% of the California-based company’s market capitalization (total value of the shares outstanding)

Airmedia Group Inc – American Depositary Shares E (NASDAQ:AMCN) had an increase of 19.63% in short interest. AMCN’s SI was 391,300 shares in March as released by FINRA. Its up 19.63% from 327,100 shares previously. With 784,200 avg volume, 1 days are for Airmedia Group Inc – American Depositary Shares E (NASDAQ:AMCN)’s short sellers to cover AMCN’s short positions. The SI to Airmedia Group Inc – American Depositary Shares E’s float is 1.06%. It closed at $1.05 lastly. It is down 51.03% since March 15, 2017 and is downtrending. It has underperformed by 67.73% the S&P500.

AirMedia Group Inc. operates out-of-home advertising platforms primarily in the People's Republic of China. The company has market cap of $65.96 million. The firm operates a network of digital TV screens on planes operated by 6 airlines; and gas station media network, as well as other outdoor media advertising platforms in gas stations. It currently has negative earnings. It also displays non-advertising content, such as weather, sports, and comedy clips; and TV programs, including documentaries and hidden camera type reality shows from other third-party content providers, as well as offers in-flight advertising and non-advertising content.

American Assets Trust, Inc. is a real estate investment trust. The company has market cap of $2.13 billion. The firm invests in real estate markets of the United States. It has a 53.15 P/E ratio. It owns, operates, acquires and develops high quality retail, office, multifamily and mixed-use properties in attractive, high-barrier-to-entry markets in Southern California, Northern California, Oregon, Washington, Texas and Hawaii.

Among 6 analysts covering American Assets Trust (NYSE:AAT), 4 have Buy rating, 1 Sell and 1 Hold. Therefore 67% are positive. American Assets Trust has $50 highest and $2 lowest target. $36.20’s average target is 9.50% above currents $33.06 stock price. American Assets Trust had 15 analyst reports since July 22, 2015 according to SRatingsIntel. KeyBanc Capital Markets maintained the stock with “Hold” rating in Monday, October 23 report. The stock has “Buy” rating by Mizuho on Thursday, February 22. The stock has “Buy” rating by Mizuho on Monday, November 7. The stock has “Outperform” rating by RBC Capital Markets on Monday, May 2. The firm has “Neutral” rating by Mizuho given on Monday, July 18. The stock of American Assets Trust, Inc. (NYSE:AAT) earned “Buy” rating by RBC Capital Markets on Friday, February 16. The company was downgraded on Wednesday, February 22 by Mizuho. The stock of American Assets Trust, Inc. (NYSE:AAT) has “Underperform” rating given on Thursday, March 1 by Bank of America. The firm has “Buy” rating given on Tuesday, August 1 by Canaccord Genuity. The firm earned “Buy” rating on Thursday, June 8 by RBC Capital Markets.

Since December 11, 2017, it had 6 insider purchases, and 0 selling transactions for $13.59 million activity. RADY ERNEST S had bought 2,334 shares worth $91,563 on Wednesday, December 13.

Analysts await American Assets Trust, Inc. (NYSE:AAT) to report earnings on May, 1. They expect $0.50 EPS, up 13.64% or $0.06 from last year’s $0.44 per share. AAT’s profit will be $32.20M for 16.53 P/E if the $0.50 EPS becomes a reality. After $0.46 actual EPS reported by American Assets Trust, Inc. for the previous quarter, Wall Street now forecasts 8.70% EPS growth.

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.10, from 1.14 in 2017Q2. It turned negative, as 18 investors sold American Assets Trust, Inc. shares while 47 reduced holdings. 18 funds opened positions while 56 raised stakes. 44.88 million shares or 1.13% less from 45.40 million shares in 2017Q2 were reported. 63,800 are owned by Forward Lc. Qs Invsts invested 0% of its portfolio in American Assets Trust, Inc. (NYSE:AAT). Northern Corporation accumulated 904,960 shares. Swiss Comml Bank stated it has 58,800 shares. Virginia Retirement Et Al accumulated 0.01% or 26,800 shares. Stifel Fincl Corporation holds 5,550 shares or 0% of its portfolio. Eii Cap Management has 22,065 shares for 0.33% of their portfolio. Credit Suisse Ag has 106,454 shares for 0% of their portfolio. Indexiq Advisors Limited has 48,106 shares for 0.08% of their portfolio. Amalgamated National Bank stated it has 5,487 shares. Moreover, Pinebridge Invs L P has 0% invested in American Assets Trust, Inc. (NYSE:AAT). 2.26 million were reported by Boston Ptnrs. Alpine Woods Capital Llc accumulated 26,114 shares. Rhumbline Advisers reported 95,469 shares or 0.01% of all its holdings. Wolverine Asset Management Lc accumulated 21,131 shares or 0.01% of the stock.

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