Charles Schwab Investment Management Inc. Sells 61,999 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Charles Schwab Investment Management Inc. decreased its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 1.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 4,347,522 shares of the airline’s stock after selling 61,999 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.66% of American Airlines Group worth $75,777,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in shares of American Airlines Group in the 4th quarter valued at $25,000. Brooklyn Investment Group grew its position in 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 acquiring an additional 909 shares during the last quarter. Bfsg LLC grew its position in American Airlines Group by 269.3% during the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock worth $36,000 after acquiring an additional 1,500 shares during the last quarter. Quent Capital LLC grew its position in American Airlines Group by 70.2% during the 4th quarter. Quent Capital LLC now owns 3,064 shares of the airline’s stock worth $53,000 after acquiring an additional 1,264 shares during the last quarter. Finally, Principal Securities Inc. grew its position in American Airlines Group by 139.6% during the 4th quarter. Principal Securities Inc. now owns 3,261 shares of the airline’s stock worth $57,000 after acquiring an additional 1,900 shares during the last quarter. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Price Performance

Shares of NASDAQ:AAL opened at $12.50 on Tuesday. The company has a market capitalization of $8.22 billion, a price-to-earnings ratio of 10.97, a P/E/G ratio of 0.21 and a beta of 1.27. The business’s 50-day moving average is $16.45 and its 200-day moving average is $14.44. American Airlines Group Inc. has a 1 year low of $9.07 and a 1 year high of $19.10.

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 negative return on equity of 28.56% and a net margin of 1.56%. Analysts anticipate that American Airlines Group Inc. will post 2.42 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Melius upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Monday, January 6th. Susquehanna reduced their price objective on 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. Jefferies Financial Group upgraded American Airlines Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $12.00 to $20.00 in a research report on Monday, January 6th. Scotiabank upgraded American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Thursday, December 5th. Finally, Melius Research upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Six investment analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.62.

Insider Buying and Selling

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

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.