American Eagle Outfitters Ne (NYSE:AEO) Shareholder Mackay Shields Llc Lowered Its Position

May 3, 2018 - By Noel Courtney

American Eagle Outfitters, Inc. (NYSE:AEO) Corporate Logo

According to 2018Q1 Securities and Exchange filling the Mackay Shields Llc decreased its stake in American Eagle Outfitters Ne (NYSE:AEO) by 69.28%. The company’s stock rose 3.61% while stock markets declined as Mackay Shields Llc sold 1.30 million shares. At the end of 2018Q1, the institutional investor held 575,817 shares of the consumer services company, priced at $11.48M, down from 1.87 million at the end of the previous reported quarter. $3.61B is American Eagle Outfitters Ne’s MC. Ticker’s shares touched $20.51 during the last trading session after 0.86% change.American Eagle Outfitters, Inc. has volume of 1.53 million shares. Since May 3, 2017 AEO has risen 39.60% and is uptrending. The stock outperformed the S&P500 by 28.05%.

Mackay Shields Llc has risen its stake in Aerojet Rocketdyne Hldgs Inc (Prn) () and also increased its holding in Bank Amer Corp (NYSE:BAC) by 3.33M shares in the quarter, for a total of 4.00M shares.

Mackay Shields Llc is a New York-based institutional investor with more than $81.03 billion AUM in January, 2015. This fund invests only a small percentage of its assets in equities and options. Mackay Shields Llc is the 69th largest institutional investor in our database. Taken from Mackay Shields latest Adv, the fund reported to have 151 full and part-time employees. Among which 50 performing investment advisory and research functions. The institutional investor had more than 300 clients.

American Eagle Outfitters, Inc. (NYSE:AEO) Ratings Coverage

In total 13 analysts cover American Eagle (NYSE:AEO). “Buy” rating has 9, “Sell” are 1, while 3 are “Hold”. (NYSE:AEO) has 69% bullish analysts. With $2500 highest and $14.0 lowest price target, American Eagle has $20.77 average price target or 1.27% above the current ($20.51) price. 23 are the (NYSE:AEO)’s ratings reports on May 3, 2018 according to StockzIntelligence Inc. On Monday, December 18 the stock has “Buy” rating by Jefferies. The company rating was maintained by Cowen & Co on Thursday, January 18. On Friday, March 9 Buckingham Research maintained American Eagle Outfitters, Inc. (NYSE:AEO) rating. Buckingham Research has “Buy” rating and $23 target. On Thursday, March 8 the firm has “Buy” rating by RBC Capital Markets given. On Friday, December 15 the firm earned “Buy” rating by FBR Capital. On Tuesday, December 19 BMO Capital Markets maintained American Eagle Outfitters, Inc. (NYSE:AEO) with “Buy” rating. On Friday, March 9 the stock of American Eagle Outfitters, Inc. (NYSE:AEO) earned “Underweight” rating by Morgan Stanley. On Tuesday, January 2 the rating was maintained by Telsey Advisory Group with “Outperform”. On Wednesday, December 6 the firm has “Buy” rating given by SunTrust. The company rating was maintained by Oppenheimer on Thursday, April 12.

American Eagle Outfitters, Inc. operates as a specialty retailer offering on-trend clothing, accessories, and personal care products under the American Eagle Outfitters and Aerie brands.The firm is valued at $3.61 billion. The firm provides jeans, and other apparel and accessories for men and women; and intimates, including bras, undies, swim, sleep, and other products, as well as apparel and personal care products for women.The P/E ratio is 18.15. In addition, it offers sports apparel under the Tailgate brand; and menswear products under the Todd Snyder New York brand name.

American Eagle Outfitters, Inc. (NYSE:AEO) Analyst Ratings Chart

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