New Mexico Educational Retirement Board Decreases Stake in American Airlines Group Inc. (NASDAQ:AAL)

New Mexico Educational Retirement Board lowered its stake in shares of American Airlines Group Inc. (NASDAQ:AAL – Get Rating) by 4.6% in the 1st quarter, HoldingsChannel reports. The firm owned 37,700 shares of the airline’s stock after selling 1,800 shares during the quarter. New Mexico Educational Retirement Board’s holdings in American Airlines Group were worth $688,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of AAL. Whittier Trust Co. purchased a new stake in shares of American Airlines Group during the 4th quarter worth approximately $26,000. Comprehensive Financial Consultants Institutional Inc. purchased a new stake in shares of American Airlines Group during the 4th quarter worth approximately $27,000. Steward Financial Group LLC purchased a new stake in shares of American Airlines Group during the 4th quarter worth approximately $32,000. Odey Asset Management Group Ltd purchased a new stake in shares of American Airlines Group during the 4th quarter worth approximately $46,000. Finally, Cullen Frost Bankers Inc. increased its stake in shares of American Airlines Group by 23.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 3,392 shares of the airline’s stock worth $61,000 after purchasing an additional 638 shares during the last quarter. Institutional investors own 53.70% of the company’s stock.

American Airlines Group stock opened at $13.10 on Thursday. The firm’s fifty day moving average price is $17.01 and its 200-day moving average price is $17.15. The stock has a market cap of $8.51 billion, a P/E ratio of -3.56 and a beta of 1.45. American Airlines Group Inc. has a fifty-two week low of $11.93 and a fifty-two week high of $22.50.

American Airlines Group (NASDAQ:AAL – Get Rating) last posted its quarterly earnings data on Thursday, April 21st. The airline reported ($2.32) earnings per share for the quarter, beating the consensus estimate of ($2.43) by $0.11. The company had revenue of $8.90 billion for the quarter, compared to analysts’ expectations of $8.82 billion. The business’s quarterly revenue was up 122.0% compared to the same quarter last year. During the same quarter last year, the business posted ($4.32) EPS. On average, equities research analysts forecast that American Airlines Group Inc. will post -1.24 EPS for the current year.

AAL has been the subject of several research analyst reports. Seaport Res Ptn lowered shares of American Airlines Group from a “buy” rating to a “neutral” rating in a research note on Monday, March 7th. The Goldman Sachs Group cut their price objective on shares of American Airlines Group from $14.00 to $12.00 and set a “sell” rating for the company in a report on Wednesday, March 16th. Morgan Stanley raised their price objective on shares of American Airlines Group from $21.00 to $22.00 and gave the stock an “equal weight” rating in a report on Friday, April 22nd. StockNews.com initiated coverage on shares of American Airlines Group in a report on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Argus raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Friday, April 22nd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $20.71.

American Airlines Group Profile (Get Rating)

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, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

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