Nisa Investment Advisors LLC Sells 18,655 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Nisa Investment Advisors LLC lowered its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 36.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,323 shares of the airline’s stock after selling 18,655 shares during the quarter. Nisa Investment Advisors LLC’s holdings in American Airlines Group were worth $444,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Gables Capital Management Inc. raised its stake in American Airlines Group by 100.0% in the third quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock valued at $26,000 after buying an additional 1,000 shares during the last quarter. RVW Wealth LLC purchased a new stake in American Airlines Group in the third quarter valued at about $27,000. DekaBank Deutsche Girozentrale purchased a new stake in American Airlines Group in the third quarter valued at about $33,000. Householder Group Estate & Retirement Specialist LLC purchased a new stake in American Airlines Group in the third quarter valued at about $42,000. Finally, First Horizon Advisors Inc. raised its stake in American Airlines Group by 38.4% in the first quarter. First Horizon Advisors Inc. now owns 3,331 shares of the airline’s stock valued at $49,000 after buying an additional 924 shares during the last quarter. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Trading Up 6.6 %

Shares of AAL stock opened at $13.89 on Thursday. The stock has a 50 day moving average of $14.56 and a 200 day moving average of $13.56. The stock has a market cap of $9.09 billion, a P/E ratio of 12.63, a P/E/G ratio of 0.11 and a beta of 1.57. American Airlines Group Inc. has a twelve month low of $10.86 and a twelve month high of $19.08.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, January 25th. The airline reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.18. The company had revenue of $13.06 billion during the quarter, compared to analysts’ expectations of $13.01 billion. American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. American Airlines Group’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period last year, the business earned $1.17 earnings per share. On average, research analysts predict that American Airlines Group Inc. will post 2.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

AAL has been the subject of a number of research analyst reports. Seaport Res Ptn upgraded American Airlines Group from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. UBS Group initiated coverage on American Airlines Group in a research note on Wednesday, March 20th. They issued a “buy” rating and a $19.00 price target for the company. Citigroup reiterated a “buy” rating and issued a $20.00 price target on shares of American Airlines Group in a research note on Thursday, March 14th. Wolfe Research upgraded American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 price objective for the company in a research note on Monday, January 22nd. Finally, Barclays raised their price objective on American Airlines Group from $13.00 to $14.00 and gave the stock an “underweight” rating in a research note on Friday, January 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $17.53.

American Airlines Group 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.