American Airlines Group Inc (AAL) : Concannon Wealth Management reduced its stake in American Airlines Group Inc by 0.36% during the most recent quarter end. The investment management company now holds a total of 117,944 shares of American Airlines Group Inc which is valued at $4,506,640 after selling 424 shares in American Airlines Group Inc , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.American Airlines Group Inc makes up approximately 4.57% of Concannon Wealth Management’s portfolio.
American Airlines Group Inc closed down -0.21 points or -0.57% at $36.71 with 1,23,05,033 shares getting traded on Wednesday. Post opening the session at $36.79, the shares hit an intraday low of $36.52 and an intraday high of $37.29 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
Other Hedge Funds, Including , Transamerica Financial Advisors reduced its stake in AAL by selling 120 shares or 12.2% in the most recent quarter. The Hedge Fund company now holds 864 shares of AAL which is valued at $33,013.Centurylink Investment Management Co reduced its stake in AAL by selling 4,367 shares or 40.0% in the most recent quarter. The Hedge Fund company now holds 6,550 shares of AAL which is valued at $250,276. American Airlines Group Inc makes up approx 0.09% of Centurylink Investment Management Co’s portfolio.Deroy Devereaux Private Investment Counsel Inc reduced its stake in AAL by selling 3,413 shares or 1.03% in the most recent quarter. The Hedge Fund company now holds 327,678 shares of AAL which is valued at $13,405,307. American Airlines Group Inc makes up approx 1.82% of Deroy Devereaux Private Investment Counsel Inc’s portfolio.Oakbrook Investments reduced its stake in AAL by selling 750 shares or 2.0% in the most recent quarter. The Hedge Fund company now holds 36,750 shares of AAL which is valued at $1,503,443. American Airlines Group Inc makes up approx 0.10% of Oakbrook Investments’s portfolio.Central Trust Co reduced its stake in AAL by selling 50 shares or 1.73% in the most recent quarter. The Hedge Fund company now holds 2,842 shares of AAL which is valued at $116,266. American Airlines Group Inc makes up approx 0.01% of Central Trust Co’s portfolio.
On the company’s financial health, American Airlines Group Inc reported $1.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Apr 22, 2016. Analyst had a consensus of $1.19. The company had revenue of $9435.00 million for the quarter, compared to analysts expectations of $9440.62 million. The company’s revenue was down -4.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.73 EPS.
Many Wall Street Analysts have commented on American Airlines Group Inc. Shares were Reiterated by Cowen on Apr 22, 2016 to “Outperform” and Lowered the Price Target to $ 46 from a previous price target of $48 .Shares were Downgraded by Deutsche Bank on Apr 1, 2016 to ” Hold” and Lowered the Price Target to $ 46 from a previous price target of $55 .American Airlines Group Inc was Upgraded by Raymond James to ” Outperform” on Mar 24, 2016.
American Airlines Group Inc. (AAG) is a holding company and its wholly-owned subsidiaries include American Airlines Inc. (American) US Airways Group Inc. (US Airways Group) and Envoy Aviation Group Inc. (Envoy). US Airways Group’s principal subsidiary include US Airways Inc. (US Airways) and its other wholly-owned subsidiaries include Piedmont Airlines Inc. (Piedmont) and PSA Airlines Inc. (PSA). AAG’s primary business activity includes the operation of two network carriers through its principal wholly-owned mainline operating subsidiaries: American and US Airways. The Company’s airlines operate an average of approximately 6700 flights per day to around 339 destinations in around 54 countries from its hubs in Charlotte Chicago Dallas/Fort Worth (DFW) Los Angeles Miami New York Philadelphia Phoenix and Washington District of Columbia.