State of Alaska Department of Revenue Reduces Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

State of Alaska Department of Revenue lessened its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 1.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 74,919 shares of the airline’s stock after selling 1,250 shares during the period. State of Alaska Department of Revenue’s holdings in American Airlines Group were worth $1,305,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Brooklyn Investment Group boosted its position in shares of American Airlines Group by 133.1% during the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after buying an additional 909 shares during the period. Blue Trust Inc. grew its position in American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after acquiring an additional 911 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in American Airlines Group in the third quarter worth $55,000. KBC Group NV lifted its position in shares of American Airlines Group by 55.8% during the third quarter. KBC Group NV now owns 6,152 shares of the airline’s stock worth $69,000 after purchasing an additional 2,204 shares during the last quarter. Finally, Heck Capital Advisors LLC purchased a new stake in shares of American Airlines Group during the fourth quarter valued at $98,000. 52.44% of the stock is currently owned by institutional investors.

American Airlines Group Price Performance

Shares of NASDAQ:AAL opened at $16.26 on Thursday. American Airlines Group Inc. has a 1 year low of $9.07 and a 1 year high of $19.10. The firm has a market capitalization of $10.68 billion, a PE ratio of 14.26, a P/E/G ratio of 0.24 and a beta of 1.35. The business’s 50 day moving average price is $17.29 and its 200-day moving average price is $13.79.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. As a group, analysts expect that American Airlines Group Inc. will post 2.39 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the sale, the chief executive officer now owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. The trade was a 3.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Angela Owens sold 51,906 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the sale, the senior vice president now directly owns 112,412 shares of the company’s stock, valued at approximately $1,927,865.80. This trade represents a 31.59 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on AAL. Raymond James reissued an “outperform” rating and issued a $23.00 price objective (down previously from $24.00) on shares of American Airlines Group in a research note on Friday, January 24th. Seaport Res Ptn upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Jefferies Financial Group upgraded American Airlines Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $12.00 to $20.00 in a report on Monday, January 6th. Susquehanna cut their target price on shares of American Airlines Group from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Finally, StockNews.com raised shares of American Airlines Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 29th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $18.88.

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.