Meadow Creek Investment Management LLC Reduces Stake in American Airlines Group Inc (AAL)

Meadow Creek Investment Management LLC trimmed its holdings in shares of American Airlines Group Inc (NASDAQ:AAL) by 38.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,436 shares of the airline’s stock after selling 74,562 shares during the period. Meadow Creek Investment Management LLC’s holdings in American Airlines Group were worth $6,110,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Alyeska Investment Group L.P. acquired a new stake in American Airlines Group during the 3rd quarter valued at approximately $2,409,000. U S Global Investors Inc. lifted its stake in shares of American Airlines Group by 1.7% in the 3rd quarter. U S Global Investors Inc. now owns 302,245 shares of the airline’s stock valued at $14,354,000 after purchasing an additional 5,014 shares during the period. Toronto Dominion Bank lifted its stake in shares of American Airlines Group by 9.4% in the 4th quarter. Toronto Dominion Bank now owns 165,521 shares of the airline’s stock valued at $8,611,000 after purchasing an additional 14,213 shares during the period. LMR Partners LLP acquired a new position in shares of American Airlines Group in the 3rd quarter valued at $12,241,000. Finally, Guardian Capital LP lifted its stake in shares of American Airlines Group by 65.6% in the 3rd quarter. Guardian Capital LP now owns 7,367 shares of the airline’s stock valued at $350,000 after purchasing an additional 2,919 shares during the period. Institutional investors and hedge funds own 80.54% of the company’s stock.

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In other news, Director Matthew J. Hart sold 35,182 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $51.90, for a total transaction of $1,825,945.80. Following the completion of the sale, the director now owns 33,258 shares of the company’s stock, valued at $1,726,090.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Richard C. Kraemer sold 3,000 shares of the company’s stock in a transaction on Monday, January 29th. The stock was sold at an average price of $52.71, for a total transaction of $158,130.00. Following the sale, the director now directly owns 53,229 shares of the company’s stock, valued at approximately $2,805,700.59. The disclosure for this sale can be found here. Insiders have sold 77,844 shares of company stock valued at $4,077,040 in the last ninety days. Insiders own 0.64% of the company’s stock.

AAL has been the subject of several analyst reports. Zacks Investment Research upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $59.00 target price for the company in a research note on Wednesday, January 31st. Bank of America upgraded shares of American Airlines Group from an “underperform” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Tuesday, January 9th. Buckingham Research reiterated a “buy” rating and issued a $71.00 target price (up from $66.00) on shares of American Airlines Group in a research note on Thursday, January 11th. Citigroup boosted their target price on shares of American Airlines Group to $65.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Finally, BidaskClub upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company’s stock. American Airlines Group has an average rating of “Buy” and a consensus price target of $61.80.

NASDAQ:AAL opened at $50.29 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.61 and a debt-to-equity ratio of 5.73. The firm has a market cap of $24,622.14, a price-to-earnings ratio of 10.31, a P/E/G ratio of 0.46 and a beta of 0.96. American Airlines Group Inc has a fifty-two week low of $41.28 and a fifty-two week high of $59.08.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, January 25th. The airline reported $0.95 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.03. The company had revenue of $10.60 billion during the quarter, compared to analysts’ expectations of $10.59 billion. American Airlines Group had a net margin of 4.55% and a return on equity of 63.78%. The firm’s revenue for the quarter was up 8.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 earnings per share. equities research analysts predict that American Airlines Group Inc will post 5.94 EPS for the current year.

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American Airlines Group Company 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.

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

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