Peak6 Investments buys $10.1 Million stake in American Airlines Group Inc (AAL)

American Airlines Group Inc (AAL) : Peak6 Investments scooped up 143,791 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 13, 2016. The investment management firm now holds a total of 320,483 shares of American Airlines Group Inc which is valued at $10.1 Million.American Airlines Group Inc makes up approximately 0.81% of Peak6 Investments’s portfolio.

Other Hedge Funds, Including , Riverhead Capital Management reduced its stake in AAL by selling 35,800 shares or 37.64% in the most recent quarter. The Hedge Fund company now holds 59,323 shares of AAL which is valued at $1.9 Million. American Airlines Group Inc makes up approx 0.03% of Riverhead Capital Management’s portfolio. Landscape Capital Management L.l.c. added AAL to its portfolio by purchasing 15,244 company shares during the most recent quarter which is valued at $480,338. American Airlines Group Inc makes up approx 0.06% of Landscape Capital Management L.l.c.’s portfolio.Janney Montgomery Scott boosted its stake in AAL in the latest quarter, The investment management firm added 4,195 additional shares and now holds a total of 20,884 shares of American Airlines Group Inc which is valued at $658,055. American Airlines Group Inc makes up approx 0.02% of Janney Montgomery Scott’s portfolio.Pioneer Investment Management Inc reduced its stake in AAL by selling 896,793 shares or 23.18% in the most recent quarter. The Hedge Fund company now holds 2,971,937 shares of AAL which is valued at $93.6 Million. American Airlines Group Inc makes up approx 0.36% of Pioneer Investment Management Inc’s portfolio.

American Airlines Group Inc opened for trading at $32.39 and hit $32.9 on the upside on Wednesday, eventually ending the session at $32.17, with a gain of 0.06% or 0.02 points. The heightened volatility saw the trading volume jump to 74,02,578 shares. Company has a market cap of $18,600 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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