Federated Hermes Inc. Sells 11,768 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Federated Hermes Inc. decreased its position in American Airlines Group Inc. (NASDAQ:AAL) by 20.4% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,800 shares of the airline’s stock after selling 11,768 shares during the period. Federated Hermes Inc.’s holdings in American Airlines Group were worth $519,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the company. Vermillion & White Wealth Management Group LLC acquired a new stake in American Airlines Group during the fourth quarter valued at approximately $27,000. Beaird Harris Wealth Management LLC boosted its stake in American Airlines Group by 51.3% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after buying an additional 795 shares in the last quarter. GoalVest Advisory LLC acquired a new position in American Airlines Group during the first quarter worth $38,000. Quarry LP acquired a new stake in shares of American Airlines Group during the 4th quarter worth about $34,000. Finally, UMB Bank n.a. lifted its holdings in American Airlines Group by 404.3% during the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after purchasing an additional 2,264 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AAL has been the subject of several recent analyst reports. Morgan Stanley dropped their price objective on shares of American Airlines Group from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, June 3rd. Sanford C. Bernstein downgraded American Airlines Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $18.00 to $12.00 in a research report on Monday, July 22nd. Seaport Res Ptn cut American Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. Susquehanna reduced their price target on shares of American Airlines Group from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, May 30th. Finally, Evercore ISI lowered their price objective on shares of American Airlines Group to $10.00 and set a “hold” rating for the company in a research report on Friday, July 26th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, American Airlines Group has an average rating of “Hold” and an average target price of $13.73.

American Airlines Group Stock Down 0.3 %

NASDAQ:AAL opened at $10.98 on Tuesday. American Airlines Group Inc. has a 12-month low of $9.07 and a 12-month high of $16.15. The stock’s fifty day simple moving average is $10.43 and its 200-day simple moving average is $12.17. The firm has a market capitalization of $7.20 billion, a P/E ratio of 18.30, a P/E/G ratio of 0.27 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.04 by $0.05. The company had revenue of $14.33 billion during the quarter, compared to analyst estimates of $14.38 billion. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company earned $1.92 EPS. As a group, equities research analysts expect that American Airlines Group Inc. will post 1.06 earnings per share for the current 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.