Hodges Capital Management Lowers stake in American Airlines Group Inc (AAL)

American Airlines Group Inc (AAL) : Hodges Capital Management reduced its stake in American Airlines Group Inc by 5.79% during the most recent quarter end. The investment management company now holds a total of 1,152,395 shares of American Airlines Group Inc which is valued at $40,241,633 after selling 70,843 shares in American Airlines Group Inc , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.American Airlines Group Inc makes up approximately 1.86% of Hodges Capital Management’s portfolio.

Other Hedge Funds, Including , Tredje Ap-fonden boosted its stake in AAL in the latest quarter, The investment management firm added 4,014 additional shares and now holds a total of 20,524 shares of American Airlines Group Inc which is valued at $716,698. American Airlines Group Inc makes up approx 0.03% of Tredje Ap-fonden’s portfolio.Norinchukin Bank The boosted its stake in AAL in the latest quarter, The investment management firm added 4,553 additional shares and now holds a total of 68,190 shares of American Airlines Group Inc which is valued at $2,383,922. American Airlines Group Inc makes up approx 0.06% of Norinchukin Bank The’s portfolio.California State Teachers Retirement System reduced its stake in AAL by selling 82,012 shares or 6.12% in the most recent quarter. The Hedge Fund company now holds 1,257,214 shares of AAL which is valued at $42,091,525. American Airlines Group Inc makes up approx 0.09% of California State Teachers Retirement System’s portfolio.Parkwood reduced its stake in AAL by selling 15,863 shares or 19.01% in the most recent quarter. The Hedge Fund company now holds 67,590 shares of AAL which is valued at $2,457,572. American Airlines Group Inc makes up approx 0.40% of Parkwood’s portfolio.

American Airlines Group Inc opened for trading at $36.32 and hit $36.65 on the upside on Tuesday, eventually ending the session at $36.4, with a gain of 1.11% or 0.4 points. The heightened volatility saw the trading volume jump to 54,01,744 shares. Company has a market cap of $19,289 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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