American Airlines Group Inc (AAL) : Deltec Asset Management scooped up 10,720 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 Jul 26, 2016. The investment management firm now holds a total of 530,039 shares of American Airlines Group Inc which is valued at $19,187,412.American Airlines Group Inc makes up approximately 4.61% of Deltec Asset Management’s portfolio.
Other Hedge Funds, Including , First Dallas Securities reduced its stake in AAL by selling 7,268 shares or 9.86% in the most recent quarter. The Hedge Fund company now holds 66,478 shares of AAL which is valued at $2,406,504. American Airlines Group Inc makes up approx 1.78% of First Dallas Securities’s portfolio.Investment House reduced its stake in AAL by selling 25,575 shares or 46.27% in the most recent quarter. The Hedge Fund company now holds 29,700 shares of AAL which is valued at $1,075,140. American Airlines Group Inc makes up approx 0.16% of Investment House’s portfolio.Regent Investment Management reduced its stake in AAL by selling 7,805 shares or 41.73% in the most recent quarter. The Hedge Fund company now holds 10,900 shares of AAL which is valued at $392,727. American Airlines Group Inc makes up approx 0.21% of Regent Investment Management’s portfolio.Breton Hill Capital Ltd. boosted its stake in AAL in the latest quarter, The investment management firm added 25,407 additional shares and now holds a total of 49,874 shares of American Airlines Group Inc which is valued at $1,718,159. American Airlines Group Inc makes up approx 0.54% of Breton Hill Capital Ltd.’s portfolio. Nepsis Capital Management sold out all of its stake in AAL during the most recent quarter. The investment firm sold 83,793 shares of AAL which is valued $2,886,669.
American Airlines Group Inc closed down -0.84 points or -2.31% at $35.5 with 91,38,561 shares getting traded on Friday. Post opening the session at $36.26, the shares hit an intraday low of $35.5 and an intraday high of $36.739 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.
Investors should note that on Jul 22, 2016, American Airlines Group Inc announced a cash dividend of $0.1000. The company’s management has announced Aug 3, 2016 as the ex-dividend date and fixed the record date on Aug 5, 2016. The payable date has been fixed on Aug 19, 2016.
Many Wall Street Analysts have commented on American Airlines Group Inc. 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 was Downgraded by BofA/Merrill to ” Underperform” on Jun 16, 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.