American Airlines Group Inc (AAL) : Oakmont Corp has sold out all of its stake in American Airlines Group Inc during the most recent quarter, according to the disclosure filed by the company on Aug 9, 2016 with the SEC. The investment management company has sold out 444,530 shares of American Airlines Group Inc which is valued at $15,269,606.
Other Hedge Funds, Including , High Pointe Capital Management reduced its stake in AAL by selling 920 shares or 7.21% in the most recent quarter. The Hedge Fund company now holds 11,840 shares of AAL which is valued at $413,926. American Airlines Group Inc makes up approx 0.58% of High Pointe Capital Management’s portfolio. Argent Capital Management sold out all of its stake in AAL during the most recent quarter. The investment firm sold 7,030 shares of AAL which is valued $245,769.Aberdeen Asset Management Plcuk reduced its stake in AAL by selling 11,982 shares or 8.29% in the most recent quarter. The Hedge Fund company now holds 132,472 shares of AAL which is valued at $4,435,163. American Airlines Group Inc makes up approx 0.02% of Aberdeen Asset Management Plcuk’s portfolio.Nisa Investment Advisors reduced its stake in AAL by selling 34,000 shares or 27.55% in the most recent quarter. The Hedge Fund company now holds 89,400 shares of AAL which is valued at $3,221,082. American Airlines Group Inc makes up approx 0.04% of Nisa Investment Advisors’s portfolio.
American Airlines Group Inc closed down -0.15 points or -0.41% at $36.6 with 80,02,043 shares getting traded on Wednesday. Post opening the session at $36.68, the shares hit an intraday low of $36.19 and an intraday high of $36.75 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
On the company’s financial health, American Airlines Group Inc reported $1.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $1.68. The company had revenue of $10363.00 million for the quarter, compared to analysts expectations of $10330.26 million. The company’s revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.62 EPS.
Many Wall Street Analysts have commented on American Airlines Group Inc. Company shares were Reiterated by Cowen on Jul 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 43 from a previous price target of $42 .American Airlines Group Inc was Downgraded by Credit Suisse to ” Underperform” on Jul 6, 2016. American Airlines Group Inc was Downgraded by BofA/Merrill to ” Underperform” on Jun 16, 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.