Nokomis Capital L.l.c. Lowers stake in American Airlines Group Inc (AAL)

American Airlines Group Inc (AAL) : Nokomis Capital L.l.c. reduced its stake in American Airlines Group Inc by 42.52% during the most recent quarter end. The investment management company now holds a total of 551,458 shares of American Airlines Group Inc which is valued at $23,933,277 after selling 407,993 shares in American Airlines Group Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.American Airlines Group Inc makes up approximately 5.48% of Nokomis Capital L.l.c.’s portfolio.

Other Hedge Funds, Including , Tudor Investment Corp Et Al sold out all of its stake in AAL during the most recent quarter. The investment firm sold 8,500 shares of AAL which is valued $368,900.Investment House reduced its stake in AAL by selling 10,750 shares or 36.2% in the most recent quarter. The Hedge Fund company now holds 18,950 shares of AAL which is valued at $801,585. American Airlines Group Inc makes up approx 0.12% of Investment House’s portfolio.New York State Common Retirement Fund reduced its stake in AAL by selling 706,671 shares or 39.3% in the most recent quarter. The Hedge Fund company now holds 1,091,300 shares of AAL which is valued at $45,278,037. American Airlines Group Inc makes up approx 0.07% of New York State Common Retirement Fund’s portfolio.Wedbush Securities Inc reduced its stake in AAL by selling 4,328 shares or 23.23% in the most recent quarter. The Hedge Fund company now holds 14,304 shares of AAL which is valued at $568,441. American Airlines Group Inc makes up approx 0.09% of Wedbush Securities Inc’s portfolio.Capital Management Corp Va reduced its stake in AAL by selling 50,036 shares or 31.63% in the most recent quarter. The Hedge Fund company now holds 108,134 shares of AAL which is valued at $4,306,977. American Airlines Group Inc makes up approx 1.62% of Capital Management Corp Va’s portfolio.

American Airlines Group Inc opened for trading at $46.15 and hit $46.49 on the upside on Monday, eventually ending the session at $46.26, with a gain of 0.94% or 0.43 points. The heightened volatility saw the trading volume jump to 77,95,053 shares. Company has a market cap of $23,968 M.

On the company’s financial health, American Airlines Group Inc reported $2.80 EPS for the quarter, beating the analyst consensus estimate by $ 1.10 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $1.70. The company had revenue of $10594.00 million for the quarter, compared to analysts expectations of $10560.01 million. The company’s revenue was down -1.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.77 EPS.

Many Wall Street Analysts have commented on American Airlines Group Inc. American Airlines Group Inc was Initiated by Citigroup to “Buy” on Nov 18, 2016. Company shares were Reiterated by Imperial Capital on Oct 21, 2016 to “In-line”, Firm has raised the Price Target to $ 43 from a previous price target of $40 .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 .

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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