American Airlines Group Inc (AAL) Stake Lessened by Creative Planning

Creative Planning cut its holdings in shares of American Airlines Group Inc (NASDAQ:AAL) by 17.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 97,443 shares of the airline’s stock after selling 20,986 shares during the period. Creative Planning’s holdings in American Airlines Group were worth $5,070,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Bank of Montreal Can increased its position in shares of American Airlines Group by 20.1% during the fourth quarter. Bank of Montreal Can now owns 482,153 shares of the airline’s stock worth $25,086,000 after purchasing an additional 80,830 shares in the last quarter. Nisa Investment Advisors LLC increased its position in shares of American Airlines Group by 0.9% during the fourth quarter. Nisa Investment Advisors LLC now owns 130,695 shares of the airline’s stock worth $6,800,000 after purchasing an additional 1,140 shares in the last quarter. American National Bank increased its position in shares of American Airlines Group by 16.4% during the fourth quarter. American National Bank now owns 52,842 shares of the airline’s stock worth $2,750,000 after purchasing an additional 7,451 shares in the last quarter. GSA Capital Partners LLP acquired a new position in shares of American Airlines Group during the third quarter worth $405,000. Finally, RWC Asset Management LLP increased its position in shares of American Airlines Group by 30.4% during the third quarter. RWC Asset Management LLP now owns 1,057,145 shares of the airline’s stock worth $50,204,000 after purchasing an additional 246,537 shares in the last quarter. 81.22% of the stock is currently owned by institutional investors and hedge funds.

In other American Airlines Group news, CEO W Douglas Parker sold 224,572 shares of the company’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $52.32, for a total value of $11,749,607.04. Following the sale, the chief executive officer now directly owns 1,925,242 shares of the company’s stock, valued at $100,728,661.44. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Alberto Ibarguen sold 4,229 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $47.60, for a total transaction of $201,300.40. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by corporate insiders.

Shares of American Airlines Group Inc (AAL) opened at $58.06 on Friday. The firm has a market cap of $27,915.64, a price-to-earnings ratio of 14.77, a PEG ratio of 5.23 and a beta of 0.99. The company has a current ratio of 0.65, a quick ratio of 0.57 and a debt-to-equity ratio of 5.63. American Airlines Group Inc has a 1-year low of $39.21 and a 1-year high of $59.08.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 26th. The airline reported $1.42 earnings per share for the quarter, beating analysts’ consensus estimates of $1.40 by $0.02. The firm had revenue of $10.88 billion for the quarter, compared to analyst estimates of $10.88 billion. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. The business’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the company earned $2.80 earnings per share. analysts predict that American Airlines Group Inc will post 4.83 EPS for the current fiscal year.

A number of brokerages have recently issued reports on AAL. Morgan Stanley reaffirmed an “equal weight” rating and set a $51.00 price target (up from $47.00) on shares of American Airlines Group in a research report on Monday, October 2nd. Citigroup upped their price target on American Airlines Group to $65.00 and gave the stock a “buy” rating in a research report on Thursday, January 11th. Buckingham Research reaffirmed a “buy” rating and set a $71.00 price target (up from $66.00) on shares of American Airlines Group in a research report on Thursday, January 11th. Cowen reaffirmed an “outperform” rating and set a $55.00 price target on shares of American Airlines Group in a research report on Tuesday, September 26th. Finally, Stephens reissued a “hold” rating and set a $62.00 price objective on shares of American Airlines Group in a report on Wednesday, January 10th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $60.35.

COPYRIGHT VIOLATION WARNING: “American Airlines Group Inc (AAL) Stake Lessened by Creative Planning” was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://www.dispatchtribunal.com/2018/01/20/american-airlines-group-inc-aal-stake-lessened-by-creative-planning.html.

American Airlines Group Profile

American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.

Want to see what other hedge funds are holding AAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Airlines Group Inc (NASDAQ:AAL).

Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

Receive News & Ratings for American Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply