American Airlines Group Inc (AAL) : Hodges Capital Management reduced its stake in American Airlines Group Inc by 0.89% during the most recent quarter end. The investment management company now holds a total of 1,223,238 shares of American Airlines Group Inc which is valued at $38.7 Million after selling 11,042 shares in American Airlines Group Inc , the firm said in a disclosure report filed with the SEC on May 26, 2016.American Airlines Group Inc makes up approximately 1.76% of Hodges Capital Management’s portfolio.
Other Hedge Funds, Including , Wellington Shields reduced its stake in AAL by selling 400 shares or 0.62% in the most recent quarter. The Hedge Fund company now holds 64,600 shares of AAL which is valued at $2 Million. American Airlines Group Inc makes up approx 1.33% of Wellington Shields’s portfolio. York Capital Management Global Advisors sold out all of its stake in AAL during the most recent quarter. The investment firm sold 2,232,637 shares of AAL which is valued $71.5 Million.Fred Alger Management Inc reduced its stake in AAL by selling 42 shares or 27.45% in the most recent quarter. The Hedge Fund company now holds 111 shares of AAL which is valued at $3,553.Vanguard Group Inc reduced its stake in AAL by selling 398,703 shares or 1.12% in the most recent quarter. The Hedge Fund company now holds 35,077,110 shares of AAL which is valued at $1,105.3 Million. American Airlines Group Inc makes up approx 0.07% of Vanguard Group Inc’s portfolio.Cibc World Markets Corp reduced its stake in AAL by selling 16,605 shares or 31.47% in the most recent quarter. The Hedge Fund company now holds 36,158 shares of AAL which is valued at $1.1 Million. American Airlines Group Inc makes up approx 0.04% of Cibc World Markets Corp’s portfolio.
American Airlines Group Inc opened for trading at $31.94 and hit $32.26 on the upside on Wednesday, eventually ending the session at $31.95, with a gain of 0.13% or 0.04 points. The heightened volatility saw the trading volume jump to 64,16,243 shares. Company has a market cap of $18,473 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.