Hourglass Capital buys $13,679,491 stake in American Airlines Group Inc (AAL)

American Airlines Group Inc (AAL) : Hourglass Capital scooped up 126,901 additional shares in American Airlines Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 391,738 shares of American Airlines Group Inc which is valued at $13,679,491.American Airlines Group Inc makes up approximately 3.16% of Hourglass Capital’s portfolio.

Other Hedge Funds, Including , Financial Engines Advisors L.l.c. sold out all of its stake in AAL during the most recent quarter. The investment firm sold 311 shares of AAL which is valued $10,860.Winslow Asset Management Inc boosted its stake in AAL in the latest quarter, The investment management firm added 1,664 additional shares and now holds a total of 184,128 shares of American Airlines Group Inc which is valued at $6,324,797. American Airlines Group Inc makes up approx 1.35% of Winslow Asset Management Inc’s portfolio. Princeton Alpha Management Lp sold out all of its stake in AAL during the most recent quarter. The investment firm sold 82,068 shares of AAL which is valued $2,826,422.Candriam Luxembourg S.c.a. boosted its stake in AAL in the latest quarter, The investment management firm added 15,992 additional shares and now holds a total of 331,984 shares of American Airlines Group Inc which is valued at $12,017,821. American Airlines Group Inc makes up approx 0.30% of Candriam Luxembourg S.c.a.’s portfolio. Nepsis Capital Management sold out all of its stake in AAL during the most recent quarter. The investment firm sold 83,793 shares of AAL which is valued $2,886,669.

American Airlines Group Inc closed down -0.18 points or -0.49% at $36.49 with 66,75,287 shares getting traded on Friday. Post opening the session at $36.44, the shares hit an intraday low of $36.101 and an intraday high of $36.74 and the price fluctuated in this range throughout the day.Shares ended Friday 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.

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