Telemus Capital Lowers stake in American Airlines Group Inc (AAL)

American Airlines Group Inc (AAL) : Telemus Capital reduced its stake in American Airlines Group Inc by 20.31% during the most recent quarter end. The investment management company now holds a total of 132,089 shares of American Airlines Group Inc which is valued at $4,744,637 after selling 33,659 shares in American Airlines Group Inc , the firm said in a disclosure report filed with the SEC on Jul 19, 2016.American Airlines Group Inc makes up approximately 0.55% of Telemus Capital’s portfolio.

Other Hedge Funds, Including , Nordea Investment Management Ab reduced its stake in AAL by selling 148 shares or 0.17% in the most recent quarter. The Hedge Fund company now holds 89,021 shares of AAL which is valued at $3,197,634. American Airlines Group Inc makes up approx 0.01% of Nordea Investment Management Ab’s portfolio. Trust Co Of Vermont added AAL to its portfolio by purchasing 934 company shares during the most recent quarter which is valued at $33,549.Partnerre Asset Management Corp reduced its stake in AAL by selling 200 shares or 4.71% in the most recent quarter. The Hedge Fund company now holds 4,048 shares of AAL which is valued at $145,849. American Airlines Group Inc makes up approx 0.07% of Partnerre Asset Management Corp’s portfolio.Curian Capital reduced its stake in AAL by selling 24,868 shares or 61.34% in the most recent quarter. The Hedge Fund company now holds 15,673 shares of AAL which is valued at $470,817. American Airlines Group Inc makes up approx 0.03% of Curian Capital’s portfolio.

American Airlines Group Inc closed down -0.09 points or -0.25% at $35.92 with 1,30,98,351 shares getting traded on Wednesday. Post opening the session at $36.07, the shares hit an intraday low of $35.39 and an intraday high of $36.725 and the price fluctuated in this range throughout the day.Shares ended Wednesday 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 Downgraded by Credit Suisse to ” Underperform” on Jul 6, 2016. American Airlines Group Inc was Downgraded by BofA/Merrill to ” Underperform” on Jun 16, 2016. American Airlines Group Inc was Upgraded by Morgan Stanley to ” Overweight” on Apr 28, 2016.

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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