Summit Securities Group LLC Reduces Position in American Airlines Group, Inc. (AAL)

Summit Securities Group LLC Reduces Position in American Airlines Group, Inc. (AAL)

(NASDAQ:AAL) to announce earnings of $1.87 per share for the current fiscal quarter, according to Zacks. The recommendation is based on a 1 to 5 scale where 1 or 2 indicates a Buy recommendation, 3 a Hold and 4-5 a Sell. Institutional investors and hedge funds own 81.51% of the company's stock. Huntington National Bank now owns 2,629 shares of the airline's stock valued at $132,000 after buying an additional 1,100 shares in the last quarter. The Stelliam Investment Management Lp holds 1.72M shares with $12.04M value, up from 535,000 last quarter. FNY Managed Accounts LLC now owns 2,810 shares of the airline's stock worth $141,000 after buying an additional 1,672 shares during the period. The California-based Pacific Global Investment Management has invested 0.05% in American Airlines Group Inc (NASDAQ:AAL). Finally, FNY Managed Accounts LLC increased its stake in shares of American Airlines Group by 146.9% in the second quarter. Nuveen Asset Ltd Liability Company owns 3.66M shares. Guardian Life Of America owns 1,982 shares. Their 52-Week High and Low are noted here. The firm's 50-day moving average price is $51.03 and its 200-day moving average price is $46.87.

In the market the company is trading down from yesterday's close of $48.55.

American Airlines Group (AAL) traded down 0.41% during mid-day trading on Monday, hitting $48.35. The airline reported $1.92 earnings per share for the quarter, beating the Zacks' consensus estimate of $1.87 by $0.05. The firm had revenue of $11.11 billion during the quarter, compared to analyst estimates of $11.08 billion. Lastly, J P Morgan Chase & Co cut American Airlines Group from an overweight recommendation to a neutral recommendation and reduced their target price for The corporation from $59.00 to $52.00 in a note on Thurs, Apr 27th. The company's revenue for the quarter was up 2.0% on a year-over-year basis. Next quarter's EPS is expected be $0.98 with next year's EPS projected to be $5.79. The company also recently declared a dividend that will be paid on Monday the 28th of August 2017. This represents a $0.40 annualized dividend and a yield of 0.83%. The ex-dividend date of this dividend is Thursday, August 10th. Regent Investment Management LLC raised its stake in American Airlines Group by 13.9% in the first quarter.

COPYRIGHT VIOLATION WARNING: This news story was first published by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this piece of content on another publication, it was illegally copied and reposted in violation of U.S. & worldwide copyright and trademark laws. Bank of Montreal Can raised its stake in American Airlines Group by 1.4% in the first quarter. Citigroup Inc. increased their price objective on shares of American Airlines Group from $58.00 to $67.00 and gave the stock a buy rating in a research note on Thursday, July 13th. Finally, Vetr raised shares of American Airlines Group from a "hold" rating to a "buy" rating and set a $49.75 price target on the stock in a research report on Monday, April 24th.

Among 21 analysts covering American Airlines Group (NASDAQ:AAL), 8 have Buy rating, 4 Sell and 9 Hold. (NASDAQ:AAL)'s stock had its "in-line" rating reissued by research analysts at Imperial Capital in a research report issued on Sunday, July 23rd. Morgan Stanley maintained the shares of AAL in report on Monday, July 17 with "Equal-Weight" rating. Two investment analysts have rated the stock with a sell recommendation, nine have issued a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. Edgar Lomax Co sold 49,708 shares as Bank New York Mellon Com (BK)'s stock declined 1.27%. Following the transaction, the vice president now owns 591,195 shares in the company, valued at approximately $29,559,750. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Elise R. Eberwein sold 50,000 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $50.35, for a total value of $2,517,500.00. Following the transaction, the executive vice president now directly owns 362,368 shares in the company, valued at approximately $18,024,184.32. The disclosure for this sale can be found here. In the last three months, insiders sold 187,623 shares of company stock valued at $9,389,966. (AAL) now has a value of $48.55 while the company's 52 week low is at $33.74, the shares dropped to the 52 week low on 09/21/16. The Company operates through American segment, which provides air transportation for passengers and cargo. The Company's primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo.

A number of large investors have recently modified their holdings of AAL.