American International Group Inc. Decreases Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

American International Group Inc. lessened its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 0.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 173,437 shares of the airline’s stock after selling 1,571 shares during the period. American International Group Inc.’s holdings in American Airlines Group were worth $2,383,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Qube Research & Technologies Ltd purchased a new stake in American Airlines Group in the third quarter worth $28,867,000. U S Global Investors Inc. increased its stake in American Airlines Group by 18.7% in the fourth quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock worth $174,159,000 after purchasing an additional 2,001,247 shares during the period. Assenagon Asset Management S.A. increased its stake in American Airlines Group by 7,871.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,762,081 shares of the airline’s stock worth $24,211,000 after purchasing an additional 1,739,977 shares during the period. Norges Bank bought a new position in shares of American Airlines Group during the 4th quarter worth $22,819,000. Finally, Vanguard Group Inc. grew its position in shares of American Airlines Group by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 78,888,859 shares of the airline’s stock worth $1,010,566,000 after buying an additional 667,660 shares in the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. UBS Group assumed coverage on American Airlines Group in a research report on Wednesday, March 20th. They set a “buy” rating and a $19.00 price target on the stock. TD Cowen dropped their price target on American Airlines Group from $18.00 to $16.00 and set a “buy” rating on the stock in a research report on Wednesday, May 29th. HSBC assumed coverage on American Airlines Group in a research report on Monday, May 13th. They set a “buy” rating and a $17.90 price target on the stock. JPMorgan Chase & Co. dropped their price target on American Airlines Group from $24.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, May 30th. Finally, Morgan Stanley dropped their price target on American Airlines Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, June 3rd. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $16.53.

American Airlines Group Trading Down 0.3 %

Shares of AAL stock opened at $11.13 on Wednesday. The stock has a 50 day moving average of $13.07 and a 200 day moving average of $13.90. The stock has a market cap of $7.30 billion, a P/E ratio of 18.55, a P/E/G ratio of 0.19 and a beta of 1.49. American Airlines Group Inc. has a twelve month low of $10.86 and a twelve month high of $19.08.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.06). The company had revenue of $12.57 billion for the quarter, compared to analysts’ expectations of $12.60 billion. American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.05 earnings per share. On average, research analysts predict that American Airlines Group Inc. will post 2.14 earnings per share for the current fiscal year.

About American Airlines Group

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. 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, DC, as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.