American Airlines Group Inc (AAL) : Shikiar Asset Management Inc 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 Apr 21, 2016 with the SEC. The investment management company has sold out 5,000 shares of American Airlines Group Inc which is valued at $191,050.
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 , Nepsis Capital Management reduced its stake in AAL by selling 11,502 shares or 12.07% in the most recent quarter. The Hedge Fund company now holds 83,793 shares of AAL which is valued at $3,201,731. American Airlines Group Inc makes up approx 1.68% of Nepsis Capital Management’s portfolio.Palo Capital reduced its stake in AAL by selling 1,975 shares or 6.84% in the most recent quarter. The Hedge Fund company now holds 26,895 shares of AAL which is valued at $1,027,658. American Airlines Group Inc makes up approx 0.81% of Palo Capital’s portfolio.Oregon Public Employees Retirement Fund reduced its stake in AAL by selling 4,550 shares or 6.44% in the most recent quarter. The Hedge Fund company now holds 66,150 shares of AAL which is valued at $2,706,197. American Airlines Group Inc makes up approx 0.06% of Oregon Public Employees Retirement Fund’s portfolio.Creative Planning reduced its stake in AAL by selling 79,493 shares or 28.36% in the most recent quarter. The Hedge Fund company now holds 200,782 shares of AAL which is valued at $7,776,287. American Airlines Group Inc makes up approx 0.06% of Creative Planning’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.