Simplex Trading Reduces $8M in American Airlines Group Inc. ($AAL)
Key Points
- Simplex Trading changed its American Airlines Group Inc. ($AAL) stake by 74.6% last quarter, cutting to 176,984 shares worth $2.65 million.
- Wall Street's consensus rating on $AAL is Buy and an average price target of $15.53.
- $AAL last traded around $14.98.
Simplex Trading reduced its position in American Airlines Group Inc. ($AAL) by 74.6% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 176,984 shares of American Airlines Group Inc. after selling 519,641 shares during the quarter. Simplex Trading's holdings in American Airlines Group Inc. were worth $2.65 million as of its most recent filing.
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About American Airlines Group Inc.
American Airlines Group Inc., through its subsidiaries, operates as a network air carrier in the United States, Latin America, Atlantic, and Pacific. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C., as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo. It also operates a mainline fleet of 1,013 aircraft. The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc. in December 2013. American Airlines Group Inc. was founded in 1926 and is headquartered in Fort Worth, Texas.
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