Cim Investment Mangement Inc adds American Airlines Group Inc (AAL) to its portfolio

American Airlines Group Inc (AAL) : Cim Investment Mangement Inc added new position in American Airlines Group Inc during the most recent quarter end. The investment management firm now holds 32,211 shares of American Airlines Group Inc which is valued at $1,124,808 , the company said in a statement filed on Aug 15, 2016 with the SEC.American Airlines Group Inc makes up approximately 0.44% of Cim Investment Mangement Inc’s portfolio.

Other Hedge Funds, Including , 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 $77,963,684.Cornerstone Capital Management Holdings. reduced its stake in AAL by selling 20,421 shares or 14.06% in the most recent quarter. The Hedge Fund company now holds 124,771 shares of AAL which is valued at $4,357,003. American Airlines Group Inc makes up approx 0.03% of Cornerstone Capital Management Holdings.’s portfolio.Commonwealth Of Pennsylvania Public School Empls Retrmt Sys boosted its stake in AAL in the latest quarter, The investment management firm added 1,544 additional shares and now holds a total of 46,293 shares of American Airlines Group Inc which is valued at $1,616,552. American Airlines Group Inc makes up approx 0.03% of Commonwealth Of Pennsylvania Public School Empls Retrmt Sys’s portfolio.

American Airlines Group Inc opened for trading at $37.5 and hit $39.52 on the upside on Wednesday, eventually ending the session at $38.75, with a gain of 4.84% or 1.79 points. The heightened volatility saw the trading volume jump to 13,774,999 shares. Company has a market cap of $20,534 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. Imperial Capital Initiated American Airlines Group Inc on Aug 26, 2016 to “In-line”, Price Target of the shares are set at $40.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. (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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