Ares Management Lowers stake in American Airlines Group Inc (AAL)

American Airlines Group Inc (AAL) : Ares Management reduced its stake in American Airlines Group Inc by 26.48% during the most recent quarter end. The investment management company now holds a total of 1,041,776 shares of American Airlines Group Inc which is valued at $32.8 Million after selling 375,313 shares in American Airlines Group Inc , the firm said in a disclosure report filed with the SEC on May 12, 2016.American Airlines Group Inc makes up approximately 2.88% of Ares Management’s portfolio.

Other Hedge Funds, Including , Canada Pension Plan Investment Board reduced its stake in AAL by selling 21,200 shares or 57.2% in the most recent quarter. The Hedge Fund company now holds 15,863 shares of AAL which is valued at $499,843. Drill Craig A sold out all of its stake in AAL during the most recent quarter. The investment firm sold 87,200 shares of AAL which is valued $2.7 Million.Ssi Investment Management Inc boosted its stake in AAL in the latest quarter, The investment management firm added 8 additional shares and now holds a total of 8,230 shares of American Airlines Group Inc which is valued at $259,327. American Airlines Group Inc makes up approx 0.08% of Ssi Investment Management Inc’s portfolio.State Of Wisconsin Investment Board reduced its stake in AAL by selling 18,590 shares or 4.04% in the most recent quarter. The Hedge Fund company now holds 441,940 shares of AAL which is valued at $14.6 Million. American Airlines Group Inc makes up approx 0.06% of State Of Wisconsin Investment Board’s portfolio.Granite Investment Partners reduced its stake in AAL by selling 132,858 shares or 76.58% in the most recent quarter. The Hedge Fund company now holds 40,630 shares of AAL which is valued at $1.4 Million. American Airlines Group Inc makes up approx 0.13% of Granite Investment Partners’s portfolio.

American Airlines Group Inc closed down -0.14 points or -0.44% at $32.01 with 72,77,953 shares getting traded on Friday. Post opening the session at $32.3, the shares hit an intraday low of $31.95 and an intraday high of $32.81 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 $1.25 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. American Airlines Group Inc was Upgraded by Morgan Stanley to ” Overweight” on Apr 28, 2016. 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. (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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