Highland Capital Management Lp Lowers stake in American Airlines Group Inc (AAL)

American Airlines Group Inc (AAL) : Highland Capital Management Lp reduced its stake in American Airlines Group Inc by 49.16% during the most recent quarter end. The investment management company now holds a total of 1,713,841 shares of American Airlines Group Inc which is valued at $74,380,699 after selling 1,656,962 shares in American Airlines Group Inc , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.American Airlines Group Inc makes up approximately 4.08% of Highland Capital Management Lp’s portfolio.

Other Hedge Funds, Including , Signaturefd reduced its stake in AAL by selling 692 shares or 82.09% in the most recent quarter. The Hedge Fund company now holds 151 shares of AAL which is valued at $6,553. Catalyst Capital Advisors sold out all of its stake in AAL during the most recent quarter. The investment firm sold 9,450 shares of AAL which is valued $399,735.Teachers Advisors boosted its stake in AAL in the latest quarter, The investment management firm added 400,524 additional shares and now holds a total of 1,170,640 shares of American Airlines Group Inc which is valued at $48,569,854. American Airlines Group Inc makes up approx 0.08% of Teachers Advisors’s portfolio.Dupont Capital Management Corp boosted its stake in AAL in the latest quarter, The investment management firm added 24,181 additional shares and now holds a total of 324,463 shares of American Airlines Group Inc which is valued at $12,884,426. American Airlines Group Inc makes up approx 0.30% of Dupont Capital Management Corp’s portfolio.Sumitomo Mitsui Asset Management Company Ltd reduced its stake in AAL by selling 845 shares or 5.46% in the most recent quarter. The Hedge Fund company now holds 14,625 shares of AAL which is valued at $582,075. American Airlines Group Inc makes up approx 0.01% of Sumitomo Mitsui Asset Management Company Ltd’s portfolio.

American Airlines Group Inc opened for trading at $46.15 and hit $46.49 on the upside on Monday, eventually ending the session at $46.26, with a gain of 0.94% or 0.43 points. The heightened volatility saw the trading volume jump to 77,95,053 shares. Company has a market cap of $23,968 M.

On the company’s financial health, American Airlines Group Inc reported $2.80 EPS for the quarter, beating the analyst consensus estimate by $ 1.10 according to the earnings call on Oct 20, 2016. Analyst had a consensus of $1.70. The company had revenue of $10594.00 million for the quarter, compared to analysts expectations of $10560.01 million. The company’s revenue was down -1.0 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $2.77 EPS.

Many Wall Street Analysts have commented on American Airlines Group Inc. American Airlines Group Inc was Initiated by Citigroup to “Buy” on Nov 18, 2016. Company shares were Reiterated by Imperial Capital on Oct 21, 2016 to “In-line”, Firm has raised the Price Target to $ 43 from a previous price target of $40 .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 .

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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