Ken Fisher Sold These 5 Stocks Before Entering 2022

In this article, we discuss 5 stocks that Ken Fisher sold before entering 2022. If you want our detailed analysis of these stocks, go directly to Ken Fisher Sold These 10 Stocks Before Entering 2022. 

5. American Airlines Group Inc. (NASDAQ:AAL)

Number of Hedge Fund Holders: 30

American Airlines Group Inc. (NASDAQ:AAL) is a major Texas-based airline that operates an elaborate network of international and domestic flights, covering nearly 350 destinations in more than 50 countries. 

Ken Fisher first acquired a stake in American Airlines Group Inc. (NASDAQ:AAL) in Q4 2014, and sold off his shares in Q3 2015. He once again purchased shares of American Airlines Group Inc. (NASDAQ:AAL) in Q4 2015, and discarded the position in the next quarter. In the third quarter of 2021, the billionaire bought 10,480 shares of American Airlines Group Inc. (NASDAQ:AAL), worth $215,000, which he again disposed of in Q4 2021. 

On January 20, American Airlines Group Inc. (NASDAQ:AAL) reported earnings for the fourth quarter of 2021. The company posted a loss per share of $1.42, beating estimates by $0.06. The $9.43 billion revenue jumped 134% year-over-year, outperforming estimates by roughly $50 million. 

Citi analyst Stephen Trent opened a “30-day positive Catalyst Watch” on Neutral-rated American Airlines Group Inc. (NASDAQ:AAL). With the omicron variant “possibly subsiding” and Trans-Atlantic demand “potentially perking up,” the share price pullbacks “seem to have created attractive entry points,” Trent told investors in a research note on January 27.

Among the hedge funds tracked by Insider Monkey in Q3 2021, 30 hedge funds were bullish on American Airlines Group Inc. (NASDAQ:AAL), up from 25 funds in the prior quarter. Two Sigma Advisors is a prominent American Airlines Group Inc. (NASDAQ:AAL) stakeholder, with over 8 million shares worth $164.4 million.