PNC Financial Services Group Inc. Trims Holdings in American Airlines Group Inc. (NASDAQ:AAL)

PNC Financial Services Group Inc. cut its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 10.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 49,635 shares of the airline’s stock after selling 5,891 shares during the quarter. PNC Financial Services Group Inc.’s holdings in American Airlines Group were worth $865,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in American Airlines Group during the fourth quarter worth about $25,000. Brooklyn Investment Group lifted 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 acquiring an additional 909 shares during the period. Bfsg LLC boosted its position in shares of American Airlines Group by 269.3% in the fourth 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 holdings in American Airlines Group by 70.2% in the fourth quarter. Quent Capital LLC now owns 3,064 shares of the airline’s stock valued at $53,000 after purchasing an additional 1,264 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new position in American Airlines Group during the third quarter worth approximately $55,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

Insider Buying and Selling at American Airlines Group

In other news, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the completion of the transaction, the senior vice president now owns 112,412 shares in the company, valued at approximately $1,927,865.80. This represents a 31.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. This 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 currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on AAL shares. TD Cowen boosted their price objective on shares of American Airlines Group to $26.00 and gave the company a “buy” rating in a research note on Thursday, March 13th. Raymond James reissued an “outperform” rating and set a $23.00 price target (down previously from $24.00) on shares of American Airlines Group in a research report on Friday, January 24th. UBS Group upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Melius Research raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, StockNews.com downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, American Airlines Group has a consensus rating of “Moderate Buy” and an average price target of $19.37.

American Airlines Group Price Performance

NASDAQ AAL opened at $11.32 on Tuesday. The company’s fifty day moving average price is $15.83 and its two-hundred day moving average price is $14.46. The company has a market capitalization of $7.44 billion, a price-to-earnings ratio of 9.93, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $19.10.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 EPS 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 anticipate that American Airlines Group Inc. will post 2.42 EPS for the current year.

American Airlines Group 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.