American Airlines Group Inc (AAL) : South Texas Money Management Ltd reduced its stake in American Airlines Group Inc by 1.51% during the most recent quarter end. The investment management company now holds a total of 628,693 shares of American Airlines Group Inc which is valued at $21,048,642 after selling 9,656 shares in American Airlines Group Inc , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.American Airlines Group Inc makes up approximately 1.14% of South Texas Money Management Ltd’s portfolio.
Other Hedge Funds, Including , Shelton Capital Management reduced its stake in AAL by selling 2,966 shares or 6.5% in the most recent quarter. The Hedge Fund company now holds 42,659 shares of AAL which is valued at $1,428,223. American Airlines Group Inc makes up approx 0.12% of Shelton Capital Management’s portfolio.Sumitomo Mitsui Asset Management Company Ltd reduced its stake in AAL by selling 17 shares or 0.11% in the most recent quarter. The Hedge Fund company now holds 15,470 shares of AAL which is valued at $549,185. American Airlines Group Inc makes up approx 0.02% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.E&g Advisors Lp reduced its stake in AAL by selling 150 shares or 0.18% in the most recent quarter. The Hedge Fund company now holds 85,340 shares of AAL which is valued at $3,089,308. American Airlines Group Inc makes up approx 1.81% of E&g Advisors Lp’s portfolio.New York State Teachers Retirement System reduced its stake in AAL by selling 61,636 shares or 5.55% in the most recent quarter. The Hedge Fund company now holds 1,048,284 shares of AAL which is valued at $38,115,606. American Airlines Group Inc makes up approx 0.10% of New York State Teachers Retirement System’s portfolio.
American Airlines Group Inc opened for trading at $33.57 and hit $33.77 on the upside on Thursday, eventually ending the session at $33.58, with a gain of 0.30% or 0.1 points. The heightened volatility saw the trading volume jump to 63,84,697 shares. Company has a market cap of $17,794 M.
On the company’s financial health, American Airlines Group Inc reported $1.77 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Jul 22, 2016. Analyst had a consensus of $1.68. The company had revenue of $10363.00 million for the quarter, compared to analysts expectations of $10330.26 million. The company’s revenue was down -4.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.62 EPS.
Many Wall Street Analysts have commented on American Airlines Group Inc. Company shares were Reiterated by Cowen on Jul 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 43 from a previous price target of $42 .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. (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.