Blue Bell Private Wealth Management Lowers stake in American Airlines Group Inc (AAL)

American Airlines Group Inc (AAL) : Blue Bell Private Wealth Management reduced its stake in American Airlines Group Inc by 30.56% during the most recent quarter end. The investment management company now holds a total of 1,250 shares of American Airlines Group Inc which is valued at $48,313 after selling 550 shares in American Airlines Group Inc , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.American Airlines Group Inc makes up approximately 0.03% of Blue Bell Private Wealth Management’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund reduced its stake in AAL by selling 9 shares or 0.12% in the most recent quarter. The Hedge Fund company now holds 7,233 shares of AAL which is valued at $279,555. American Airlines Group Inc makes up approx 0.01% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’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.Cutler Group Lp reduced its stake in AAL by selling 45,630 shares or 48.42% in the most recent quarter. The Hedge Fund company now holds 48,604 shares of AAL which is valued at $1,890,210. American Airlines Group Inc makes up approx 0.12% of Cutler Group Lp’s portfolio.Advisory Services Network boosted its stake in AAL in the latest quarter, The investment management firm added 1,114 additional shares and now holds a total of 6,685 shares of American Airlines Group Inc which is valued at $252,225. American Airlines Group Inc makes up approx 0.05% of Advisory Services Network’s portfolio.

American Airlines Group Inc closed down -0.59 points or -1.50% at $38.65 with 88,71,203 shares getting traded on Friday. Post opening the session at $39.45, the shares hit an intraday low of $38.585 and an intraday high of $39.92 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. 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.

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