First Dallas Securities Lowers stake in American Airlines Group Inc (AAL)

American Airlines Group Inc (AAL) : First Dallas Securities reduced its stake in American Airlines Group Inc by 9.86% during the most recent quarter end. The investment management company now holds a total of 66,478 shares of American Airlines Group Inc which is valued at $2,406,504 after selling 7,268 shares in American Airlines Group Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.American Airlines Group Inc makes up approximately 1.78% of First Dallas Securities’s portfolio.

Other Hedge Funds, Including , Terra Nova Asset Management sold out all of its stake in AAL during the most recent quarter. The investment firm sold 32,310 shares of AAL which is valued $1,169,622.Albion Financial Group Ut reduced its stake in AAL by selling 95,235 shares or 26.45% in the most recent quarter. The Hedge Fund company now holds 264,835 shares of AAL which is valued at $9,587,027. American Airlines Group Inc makes up approx 1.61% of Albion Financial Group Ut’s portfolio. Stoneridge Investment Partners added AAL to its portfolio by purchasing 186,450 company shares during the most recent quarter which is valued at $6,749,490. American Airlines Group Inc makes up approx 0.95% of Stoneridge Investment Partners’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.

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