Canada Pension Plan Investment Board Trims Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Canada Pension Plan Investment Board reduced its stake in American Airlines Group Inc. (NASDAQ:AAL) by 80.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 48,867 shares of the airline’s stock after selling 199,033 shares during the period. Canada Pension Plan Investment Board’s holdings in American Airlines Group were worth $554,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. raised its holdings in American Airlines Group by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock valued at $1,169,330,000 after buying an additional 806,770 shares during the period. Primecap Management Co. CA raised its holdings in American Airlines Group by 34.4% in the 2nd quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock valued at $644,466,000 after buying an additional 14,549,310 shares during the period. Dimensional Fund Advisors LP raised its holdings in American Airlines Group by 75.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after buying an additional 1,823,928 shares during the period. Par Capital Management Inc. raised its holdings in American Airlines Group by 0.4% in the 4th quarter. Par Capital Management Inc. now owns 2,510,600 shares of the airline’s stock valued at $34,496,000 after buying an additional 10,600 shares during the period. Finally, Norges Bank acquired a new position in American Airlines Group in the 4th quarter valued at about $22,819,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group Price Performance

Shares of AAL stock opened at $11.56 on Friday. The firm has a market cap of $7.59 billion, a P/E ratio of 19.27, a P/E/G ratio of 0.27 and a beta of 1.43. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $16.15. The firm has a fifty day moving average of $10.45 and a two-hundred day moving average of $12.14.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 earnings per share 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 net margin of 0.23% and a negative return on equity of 19.49%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the business earned $1.92 EPS. On average, sell-side analysts expect that American Airlines Group Inc. will post 1.07 EPS for the current year.

Analyst Upgrades and Downgrades

AAL has been the subject of several research reports. JPMorgan Chase & Co. dropped their target price on American Airlines Group from $21.00 to $15.00 in a research report on Friday, July 26th. Redburn Atlantic raised American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. Sanford C. Bernstein downgraded American Airlines Group from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $18.00 to $12.00 in a research report on Monday, July 22nd. TD Cowen downgraded American Airlines Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $16.00 to $10.00 in a research report on Wednesday, July 17th. Finally, TD Securities lowered their price objective on American Airlines Group from $10.00 to $7.00 in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $13.15.

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.