American Airlines Group Inc (AAL) : Edge Wealth Management added new position in American Airlines Group Inc during the most recent quarter end. The investment management firm now holds 10,000 shares of American Airlines Group Inc which is valued at $392,400 , the company said in a statement filed on Oct 13, 2016 with the SEC.American Airlines Group Inc makes up approximately 0.17% of Edge Wealth Management’s portfolio.
Other Hedge Funds, Including , At Bancorp reduced its stake in AAL by selling 90,819 shares or 56.7% in the most recent quarter. The Hedge Fund company now holds 69,348 shares of AAL which is valued at $2,721,216. American Airlines Group Inc makes up approx 0.38% of At Bancorp’s portfolio.Legal General Group Plc reduced its stake in AAL by selling 8,789 shares or 1.25% in the most recent quarter. The Hedge Fund company now holds 694,568 shares of AAL which is valued at $26,532,498. American Airlines Group Inc makes up approx 0.03% of Legal General Group Plc’s portfolio.Creative Planning reduced its stake in AAL by selling 89,471 shares or 43.27% in the most recent quarter. The Hedge Fund company now holds 117,294 shares of AAL which is valued at $4,480,631. American Airlines Group Inc makes up approx 0.03% of Creative Planning’s portfolio. Prospera Financial Services Inc sold out all of its stake in AAL during the most recent quarter. The investment firm sold 97,913 shares of AAL which is valued $3,740,277.Bnp Paribas Arbitrage Sa boosted its stake in AAL in the latest quarter, The investment management firm added 106,941 additional shares and now holds a total of 331,189 shares of American Airlines Group Inc which is valued at $12,542,127. American Airlines Group Inc makes up approx 0.05% of Bnp Paribas Arbitrage Sa’s portfolio.
American Airlines Group Inc closed down -0.69 points or -1.77% at $38.2 with 1,00,34,719 shares getting traded on Tuesday. Post opening the session at $39.99, the shares hit an intraday low of $38.06 and an intraday high of $39.99 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
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. Shares were Reiterated by Stifel on Oct 12, 2016 to “Buy” and Lowered the Price Target to $ 45 from a previous price target of $50 .Bernstein Initiated American Airlines Group Inc on Oct 11, 2016 to “Underperform”, Price Target of the shares are set at $31.American Airlines Group Inc was Downgraded by Raymond James to ” Mkt Perform” on Sep 21, 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.