Jefferies Group buys $36.1 Million stake in American Airlines Group Inc (AAL)

American Airlines Group Inc (AAL) : Jefferies Group scooped up 374,733 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 May 11, 2016. The investment management firm now holds a total of 1,144,406 shares of American Airlines Group Inc which is valued at $36.1 Million.American Airlines Group Inc makes up approximately 1.35% of Jefferies Group’s portfolio.

Other Hedge Funds, Including , Cornerstone Capital Management Holdings. reduced its stake in AAL by selling 13,506 shares or 8.51% in the most recent quarter. The Hedge Fund company now holds 145,192 shares of AAL which is valued at $4.6 Million. American Airlines Group Inc makes up approx 0.04% of Cornerstone Capital Management Holdings.’s portfolio.Wfg Advisors Lp boosted its stake in AAL in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 2,220 shares of American Airlines Group Inc which is valued at $69,952. American Airlines Group Inc makes up approx 0.02% of Wfg Advisors Lp’s portfolio.Advantus Capital Management Inc reduced its stake in AAL by selling 2,135 shares or 3.54% in the most recent quarter. The Hedge Fund company now holds 58,137 shares of AAL which is valued at $1.8 Million. American Airlines Group Inc makes up approx 0.05% of Advantus Capital Management Inc’s portfolio.Hudson Canyon Investment Counselors reduced its stake in AAL by selling 250 shares or 1.97% in the most recent quarter. The Hedge Fund company now holds 12,420 shares of AAL which is valued at $410,233. American Airlines Group Inc makes up approx 0.47% of Hudson Canyon Investment Counselors’s portfolio.Conning reduced its stake in AAL by selling 560 shares or 3.92% in the most recent quarter. The Hedge Fund company now holds 13,720 shares of AAL which is valued at $475,947. American Airlines Group Inc makes up approx 0.02% of Conning’s portfolio.

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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