Pomelo Capital Lowers stake in American Airlines Group Inc (AAL)

American Airlines Group Inc (AAL) : Pomelo Capital reduced its stake in American Airlines Group Inc by 57.34% during the most recent quarter end. The investment management company now holds a total of 224,800 shares of American Airlines Group Inc which is valued at $9,756,320 after selling 302,200 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 13.02% of Pomelo Capital’s portfolio.

Other Hedge Funds, Including , Balyasny Asset Management boosted its stake in AAL in the latest quarter, The investment management firm added 956,837 additional shares and now holds a total of 970,656 shares of American Airlines Group Inc which is valued at $42,126,470. American Airlines Group Inc makes up approx 0.25% of Balyasny Asset Management’s portfolio. Marshall Wace Llp added AAL to its portfolio by purchasing 44,243 company shares during the most recent quarter which is valued at $1,871,479. American Airlines Group Inc makes up approx 0.01% of Marshall Wace Llp’s portfolio. Korea Investment Corp added AAL to its portfolio by purchasing 10,100 company shares during the most recent quarter which is valued at $428,341.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

American Airlines Group Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on American Airlines Group Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.