American Airlines Group Inc (AAL) : Simplex Trading added new position in American Airlines Group Inc during the most recent quarter end. The investment management firm now holds 35,895 shares of American Airlines Group Inc which is valued at $1,354,318 , the company said in a statement filed on Oct 7, 2016 with the SEC.American Airlines Group Inc makes up approximately 0.18% of Simplex Trading’s portfolio.
Other Hedge Funds, Including , First Mercantile Trust Co reduced its stake in AAL by selling 732 shares or 10.94% in the most recent quarter. The Hedge Fund company now holds 5,957 shares of AAL which is valued at $224,758. American Airlines Group Inc makes up approx 0.03% of First Mercantile Trust Co’s portfolio.Telemus Capital reduced its stake in AAL by selling 72,686 shares or 55.03% in the most recent quarter. The Hedge Fund company now holds 59,403 shares of AAL which is valued at $2,249,592. American Airlines Group Inc makes up approx 0.25% of Telemus Capital’s portfolio.Chevy Chase Trust Holdings reduced its stake in AAL by selling 51,490 shares or 10.41% in the most recent quarter. The Hedge Fund company now holds 443,089 shares of AAL which is valued at $16,779,780. American Airlines Group Inc makes up approx 0.09% of Chevy Chase Trust Holdings’s portfolio. Washington Trust Bank added AAL to its portfolio by purchasing 53 company shares during the most recent quarter which is valued at $2,007.Eqis Capital Management boosted its stake in AAL in the latest quarter, The investment management firm added 613 additional shares and now holds a total of 13,453 shares of American Airlines Group Inc which is valued at $509,465. American Airlines Group Inc makes up approx 0.03% of Eqis Capital Management’s portfolio.
American Airlines Group Inc closed down -0.44 points or -1.15% at $37.73 with 51,33,308 shares getting traded on Friday. Post opening the session at $38.25, the shares hit an intraday low of $37.4 and an intraday high of $38.481 and the price fluctuated in this range throughout the day.Shares ended Friday 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. American Airlines Group Inc was Downgraded by Raymond James to ” Mkt Perform” on Sep 21, 2016. 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. (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.