American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC decreased its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 32.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 79,194 shares of the airline’s stock after selling 38,406 shares during the period. Guggenheim Capital LLC’s holdings in American Airlines Group were worth $1,168,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. Schroder Investment Management Group lifted its stake in American Airlines Group by 2.3% during the fourth quarter. Schroder Investment Management Group now owns 27,824 shares of the airline’s stock valued at $354,000 after buying an additional 615 shares in the last quarter. Sentry Investment Management LLC lifted its stake in American Airlines Group by 20.7% during the fourth quarter. Sentry Investment Management LLC now owns 4,274 shares of the airline’s stock valued at $54,000 after buying an additional 733 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in American Airlines Group by 17.6% during the first quarter. Asset Management One Co. Ltd. now owns 5,126 shares of the airline’s stock valued at $76,000 after buying an additional 767 shares in the last quarter. Franklin Resources Inc. lifted its stake in American Airlines Group by 6.7% during the second quarter. Franklin Resources Inc. now owns 12,311 shares of the airline’s stock valued at $156,000 after buying an additional 771 shares in the last quarter. Finally, Fifth Third Bancorp lifted its position in shares of American Airlines Group by 9.5% in the first quarter. Fifth Third Bancorp now owns 10,874 shares of the airline’s stock worth $160,000 after purchasing an additional 941 shares in the last quarter. Institutional investors own 58.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on AAL shares. The Goldman Sachs Group reduced their price target on shares of American Airlines Group from $17.00 to $15.00 and set a “neutral” rating for the company in a research report on Thursday, August 17th. Susquehanna reduced their price target on shares of American Airlines Group from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, July 21st. Redburn Partners lowered shares of American Airlines Group from a “buy” rating to a “neutral” rating in a research report on Monday, August 7th. StockNews.com lowered shares of American Airlines Group from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Finally, Citigroup reissued a “neutral” rating and issued a $17.50 price target on shares of American Airlines Group in a research report on Tuesday, August 22nd. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $18.96.

American Airlines Group Stock Down 0.3 %

Shares of AAL stock opened at $14.68 on Friday. American Airlines Group Inc. has a 12 month low of $11.65 and a 12 month high of $19.08. The business’s 50 day moving average is $16.58 and its two-hundred day moving average is $15.37. The company has a market cap of $9.59 billion, a PE ratio of 3.94 and a beta of 1.55.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, July 20th. The airline reported $1.92 EPS for the quarter, beating the consensus estimate of $1.59 by $0.33. American Airlines Group had a negative return on equity of 45.44% and a net margin of 4.98%. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.74 billion. During the same quarter last year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, equities analysts expect that American Airlines Group Inc. will post 3.18 EPS for the current fiscal year.

About American Airlines Group

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.