E&g Advisors Lp Lowers stake in American Airlines Group Inc (AAL)

American Airlines Group Inc (AAL) : E&g Advisors Lp reduced its stake in American Airlines Group Inc by 24.14% during the most recent quarter end. The investment management company now holds a total of 64,740 shares of American Airlines Group Inc which is valued at $2,517,739 after selling 20,600 shares in American Airlines Group Inc , the firm said in a disclosure report filed with the SEC on Oct 11, 2016.American Airlines Group Inc makes up approximately 1.48% of E&g Advisors Lp’s portfolio.

Other Hedge Funds, Including , Gofen Glossberg Il reduced its stake in AAL by selling 12,756 shares or 9.35% in the most recent quarter. The Hedge Fund company now holds 123,739 shares of AAL which is valued at $4,812,210. American Airlines Group Inc makes up approx 0.20% of Gofen Glossberg Il’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.Telemus Capital reduced its stake in AAL by selling 72,686 shares or 55.03% in the most recent quarter. The Hedge Fund company now holds 59,403 shares of AAL which is valued at $2,249,592. American Airlines Group Inc makes up approx 0.25% of Telemus Capital’s portfolio.Chevy Chase Trust Holdings reduced its stake in AAL by selling 51,490 shares or 10.41% in the most recent quarter. The Hedge Fund company now holds 443,089 shares of AAL which is valued at $16,779,780. American Airlines Group Inc makes up approx 0.09% of Chevy Chase Trust Holdings’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in AAL in the latest quarter, The investment management firm added 106,941 additional shares and now holds a total of 331,189 shares of American Airlines Group Inc which is valued at $12,542,127. American Airlines Group Inc makes up approx 0.05% of Bnp Paribas Arbitrage Sa’s portfolio.

American Airlines Group Inc closed down -0.69 points or -1.77% at $38.2 with 1,00,34,719 shares getting traded on Tuesday. Post opening the session at $39.99, the shares hit an intraday low of $38.06 and an intraday high of $39.99 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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. 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. Imperial Capital Initiated American Airlines Group Inc on Aug 26, 2016 to “In-line”, Price Target of the shares are set at $40.

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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