Northwestern Mutual Wealth Management Co. Decreases Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Northwestern Mutual Wealth Management Co. reduced its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 5.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 63,850 shares of the airline’s stock after selling 3,617 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in American Airlines Group were worth $723,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of American Airlines Group by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock worth $1,169,330,000 after buying an additional 806,770 shares during the last quarter. Primecap Management Co. CA boosted its holdings in American Airlines Group by 34.4% in the second quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock valued at $644,466,000 after acquiring an additional 14,549,310 shares in the last quarter. Dimensional Fund Advisors LP increased its position in American Airlines Group by 75.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after purchasing 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 worth $34,496,000 after purchasing an additional 10,600 shares in the last quarter. Finally, Sei Investments Co. lifted its position in shares of American Airlines Group by 14.7% in the 2nd quarter. Sei Investments Co. now owns 1,199,121 shares of the airline’s stock worth $13,586,000 after purchasing an additional 153,515 shares during the period. 52.44% of the stock is owned by institutional investors.

American Airlines Group Stock Up 0.2 %

Shares of NASDAQ AAL opened at $11.53 on Tuesday. American Airlines Group Inc. has a 52-week low of $9.07 and a 52-week high of $16.15. The firm’s 50-day moving average price is $10.55 and its 200-day moving average price is $11.96. The company has a market cap of $7.56 billion, a PE ratio of 19.22, a PEG ratio of 0.27 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The firm had revenue of $14.33 billion for the quarter, compared to the consensus estimate of $14.38 billion. During the same period last year, the business posted $1.92 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, equities research analysts anticipate that American Airlines Group Inc. will post 1.07 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. BNP Paribas raised shares of American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. TD Cowen increased their target price on American Airlines Group from $7.00 to $9.00 and gave the stock a “hold” rating in a research report on Thursday, October 3rd. JPMorgan Chase & Co. dropped their price target on American Airlines Group from $21.00 to $15.00 in a research report on Friday, July 26th. Jefferies Financial Group increased their price objective on American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a report on Wednesday, October 2nd. Finally, Evercore lowered their price objective on American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, American Airlines Group currently has a consensus rating of “Hold” and an average 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.