Clal Insurance Enterprises Holdings Ltd Lowers stake in American Airlines Group Inc (AAL)

American Airlines Group Inc (AAL) : Clal Insurance Enterprises Holdings Ltd reduced its stake in American Airlines Group Inc by 4.7% during the most recent quarter end. The investment management company now holds a total of 716,271 shares of American Airlines Group Inc which is valued at $22,569,699 after selling 35,289 shares in American Airlines Group Inc , the firm said in a disclosure report filed with the SEC on May 10, 2016.American Airlines Group Inc makes up approximately 0.68% of Clal Insurance Enterprises Holdings Ltd’s portfolio.

Other Hedge Funds, Including , Norges Bank reduced its stake in AAL by selling 531,934 shares or 18.37% in the most recent quarter. The Hedge Fund company now holds 2,363,545 shares of AAL which is valued at $74,475,303. American Airlines Group Inc makes up approx 0.04% of Norges Bank’s portfolio. Todd Asset Management added AAL to its portfolio by purchasing 255,247 company shares during the most recent quarter which is valued at $8,042,833. American Airlines Group Inc makes up approx 0.25% of Todd Asset Management’s portfolio. Princeton Alpha Management Lp added AAL to its portfolio by purchasing 82,068 company shares during the most recent quarter which is valued at $2,710,706. American Airlines Group Inc makes up approx 0.44% of Princeton Alpha Management Lp’s portfolio.Quantbot Technologies Lp boosted its stake in AAL in the latest quarter, The investment management firm added 1,938 additional shares and now holds a total of 6,470 shares of American Airlines Group Inc which is valued at $224,444. American Airlines Group Inc makes up approx 0.04% of Quantbot Technologies Lp’s portfolio. North Star Investment Management Corp. sold out all of its stake in AAL during the most recent quarter. The investment firm sold 1,008 shares of AAL which is valued $34,968.

American Airlines Group Inc opened for trading at $31.81 and hit $32.3 on the upside on Monday, eventually ending the session at $32.12, with a gain of 1.94% or 0.61 points. The heightened volatility saw the trading volume jump to 1,23,97,759 shares. Company has a market cap of $18,571 M.

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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