American Airlines Group Inc (AAL) : Cmt Asset Management Ltd scooped up 21,991 additional shares in American Airlines Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 85,282 shares of American Airlines Group Inc which is valued at $2,978,047.American Airlines Group Inc makes up approximately 3.45% of Cmt Asset Management Ltd’s portfolio.
Other Hedge Funds, Including , Two Sigma Securities sold out all of its stake in AAL during the most recent quarter. The investment firm sold 11,542 shares of AAL which is valued $403,047.Proshare Advisors reduced its stake in AAL by selling 22,220 shares or 8.41% in the most recent quarter. The Hedge Fund company now holds 242,043 shares of AAL which is valued at $8,452,142. American Airlines Group Inc makes up approx 0.10% of Proshare Advisors’s portfolio. Plante Moran Financial Advisors added AAL to its portfolio by purchasing 10,020 company shares during the most recent quarter which is valued at $335,470. American Airlines Group Inc makes up approx 0.24% of Plante Moran Financial Advisors’s portfolio.New York State Teachers Retirement System reduced its stake in AAL by selling 61,636 shares or 5.55% in the most recent quarter. The Hedge Fund company now holds 1,048,284 shares of AAL which is valued at $38,115,606. American Airlines Group Inc makes up approx 0.10% of New York State Teachers Retirement System’s portfolio.
American Airlines Group Inc closed down -0.06 points or -0.17% at $36.24 with 69,40,639 shares getting traded on Thursday. Post opening the session at $36.53, the shares hit an intraday low of $35.88 and an intraday high of $36.71 and the price fluctuated in this range throughout the day.Shares ended Thursday 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.