Teachers Advisors LLC reduced its stake in American Airlines Group Inc (NASDAQ:AAL) by 6.7% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,475,044 shares of the airline’s stock after selling 105,203 shares during the quarter. Teachers Advisors LLC owned approximately 0.31% of American Airlines Group worth $76,747,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of AAL. Alyeska Investment Group L.P. bought a new stake in American Airlines Group in the third quarter valued at $2,409,000. U S Global Investors Inc. boosted its stake in American Airlines Group by 1.7% in the third quarter. U S Global Investors Inc. now owns 302,245 shares of the airline’s stock worth $14,354,000 after purchasing an additional 5,014 shares in the last quarter. Toronto Dominion Bank boosted its stake in American Airlines Group by 9.4% in the fourth quarter. Toronto Dominion Bank now owns 165,521 shares of the airline’s stock worth $8,611,000 after purchasing an additional 14,213 shares in the last quarter. LMR Partners LLP acquired a new position in American Airlines Group in the third quarter worth $12,241,000. Finally, Guardian Capital LP boosted its stake in American Airlines Group by 65.6% in the third quarter. Guardian Capital LP now owns 7,367 shares of the airline’s stock worth $350,000 after purchasing an additional 2,919 shares in the last quarter. Hedge funds and other institutional investors own 80.54% of the company’s stock.
AAL has been the topic of several analyst reports. Bank of America raised American Airlines Group from an “underperform” rating to a “buy” rating and set a $64.00 target price on the stock in a research note on Tuesday, January 9th. Zacks Investment Research downgraded American Airlines Group from a “buy” rating to a “hold” rating in a report on Tuesday, February 20th. Buckingham Research increased their price target on American Airlines Group from $71.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, January 26th. Stephens reiterated a “hold” rating and set a $62.00 price objective on shares of American Airlines Group in a report on Wednesday, January 10th. Finally, Citigroup increased their price objective on American Airlines Group to $65.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $61.80.
AAL stock traded down $1.85 during midday trading on Friday, reaching $50.29. 4,266,927 shares of the stock were exchanged, compared to its average volume of 3,570,816. The firm has a market capitalization of $24,669.45, a P/E ratio of 10.31, a P/E/G ratio of 0.47 and a beta of 0.96. American Airlines Group Inc has a 52 week low of $41.28 and a 52 week high of $59.08. The company has a quick ratio of 0.52, a current ratio of 0.61 and a debt-to-equity ratio of 5.73.
American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, January 25th. The airline reported $0.95 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.03. The firm had revenue of $10.60 billion for the quarter, compared to the consensus estimate of $10.59 billion. American Airlines Group had a return on equity of 63.78% and a net margin of 4.55%. The business’s quarterly revenue was up 8.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.92 EPS. equities research analysts expect that American Airlines Group Inc will post 5.94 EPS for the current fiscal year.
In other American Airlines Group news, Director Matthew J. Hart sold 35,182 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was 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 directly owns 33,258 shares of the company’s stock, valued at approximately $1,726,090.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Richard C. Kraemer sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, January 29th. The shares were sold at an average price of $52.71, for a total value of $158,130.00. Following the completion of the transaction, the director now directly owns 53,229 shares of the company’s stock, valued at $2,805,700.59. The disclosure for this sale can be found here. Insiders sold a total of 77,844 shares of company stock worth $4,077,040 over the last three months. 0.64% of the stock is owned by company insiders.
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About American Airlines Group
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.
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