American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC reduced its position in American Airlines Group Inc. (NASDAQ:AAL) by 67.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 36,395 shares of the airline’s stock after selling 75,474 shares during the period. Tower Research Capital LLC TRC’s holdings in American Airlines Group were worth $634,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Primecap Management Co. CA grew its holdings in shares of American Airlines Group by 5.0% during the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline’s stock worth $1,049,734,000 after purchasing an additional 2,886,041 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of American Airlines Group in the 4th quarter valued at $40,333,000. Assenagon Asset Management S.A. purchased a new stake in American Airlines Group during the 4th quarter worth $26,033,000. Norges Bank acquired a new stake in American Airlines Group in the 4th quarter valued at $20,696,000. Finally, Principal Financial Group Inc. raised its position in American Airlines Group by 69.5% in the fourth quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline’s stock valued at $44,892,000 after purchasing an additional 1,055,667 shares during the period. Hedge funds and other institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Up 1.5 %

Shares of AAL stock opened at $9.75 on Monday. The business has a 50 day moving average of $11.47 and a two-hundred day moving average of $14.25. The company has a market cap of $6.43 billion, a P/E ratio of 8.55, a PEG ratio of 0.21 and a beta of 1.17. American Airlines Group Inc. has a 52 week low of $8.50 and a 52 week high of $19.10.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.10. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. The business had revenue of $12.55 billion during the quarter, compared to analyst estimates of $12.71 billion. Analysts expect that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on AAL. Citigroup decreased their target price on American Airlines Group from $21.50 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, March 18th. Redburn Partners raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Wednesday, February 26th. Redburn Atlantic raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and raised their price target for the company from $18.00 to $24.00 in a report on Wednesday, February 26th. The Goldman Sachs Group lowered American Airlines Group from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $16.00 to $8.00 in a research report on Tuesday, April 8th. Finally, Jefferies Financial Group reiterated a “hold” rating and issued a $12.00 price target (down previously from $20.00) on shares of American Airlines Group in a research note on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.25.

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.