Choreo LLC Sells 924 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Choreo LLC decreased its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 5.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,451 shares of the airline’s stock after selling 924 shares during the period. Choreo LLC’s holdings in American Airlines Group were worth $270,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. Brooklyn Investment Group boosted its holdings in shares of American Airlines Group by 133.1% during the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after buying an additional 909 shares in the last quarter. Blue Trust Inc. boosted its stake in American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after acquiring an additional 911 shares in the last quarter. Coastwise Capital Group LLC grew its holdings in American Airlines Group by 5.3% in the third quarter. Coastwise Capital Group LLC now owns 37,840 shares of the airline’s stock worth $425,000 after purchasing an additional 1,900 shares during the period. Concurrent Investment Advisors LLC increased its stake in American Airlines Group by 20.2% in the third quarter. Concurrent Investment Advisors LLC now owns 12,663 shares of the airline’s stock valued at $142,000 after purchasing an additional 2,128 shares in the last quarter. Finally, KBC Group NV raised its holdings 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 valued at $69,000 after purchasing an additional 2,204 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on AAL. UBS Group upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Seaport Res Ptn upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Evercore ISI increased their target price on American Airlines Group to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 9th. The Goldman Sachs Group restated a “neutral” rating and set a $15.00 price target on shares of American Airlines Group in a research note on Friday, November 15th. Finally, Bank of America raised shares of American Airlines Group from an “underperform” rating to a “neutral” rating and raised their price objective for the company from $12.00 to $20.00 in a research note on Friday, January 17th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, American Airlines Group currently has an average rating of “Moderate Buy” and an average price target of $18.88.

Insider Buying and Selling at American Airlines Group

In related news, SVP Angela Owens sold 51,906 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $17.15, for a total value of $890,187.90. Following the completion of the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the business’s stock in a transaction 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 directly owns 2,967,984 shares in the company, valued at $51,079,004.64. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

American Airlines Group Stock Performance

AAL opened at $15.97 on Friday. American Airlines Group Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $19.10. The firm has a 50-day moving average of $17.25 and a 200 day moving average of $13.86. The firm has a market cap of $10.49 billion, a P/E ratio of 14.01, a PEG ratio of 0.24 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, beating 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%. Equities research analysts predict that American Airlines Group Inc. will post 2.39 earnings per share for the current fiscal year.

American Airlines Group Company Profile

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.