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

American Airlines Group Inc (AAL) : Masters Capital Management reduced its stake in American Airlines Group Inc by 9.1% during the most recent quarter end. The investment management company now holds a total of 1,000,000 shares of American Airlines Group Inc which is valued at $34,920,000 after selling 100,100 shares in American Airlines Group Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.American Airlines Group Inc makes up approximately 7.56% of Masters Capital Management’s portfolio.

Other Hedge Funds, Including , Wexford Capital Lp boosted its stake in AAL in the latest quarter, The investment management firm added 87,632 additional shares and now holds a total of 177,444 shares of American Airlines Group Inc which is valued at $6,196,344. American Airlines Group Inc makes up approx 1.03% of Wexford Capital Lp’s portfolio. Baird Financial Group sold out all of its stake in AAL during the most recent quarter. The investment firm sold 6,479 shares of AAL which is valued $226,247. Alpha Cubed Investments sold out all of its stake in AAL during the most recent quarter. The investment firm sold 79,647 shares of AAL which is valued $2,743,043.Telemus Capital reduced its stake in AAL by selling 33,659 shares or 20.31% in the most recent quarter. The Hedge Fund company now holds 132,089 shares of AAL which is valued at $4,744,637. American Airlines Group Inc makes up approx 0.55% of Telemus Capital’s portfolio.

American Airlines Group Inc closed down -0.06 points or -0.17% at $36.17 with 47,60,672 shares getting traded on Monday. Post opening the session at $36.13, the shares hit an intraday low of $36.05 and an intraday high of $36.41 and the price fluctuated in this range throughout the day.Shares ended Monday 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. 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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