American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by Arizona State Retirement System

Arizona State Retirement System decreased its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 1.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 45,661 shares of the airline’s stock after selling 811 shares during the quarter. Arizona State Retirement System’s holdings in American Airlines Group were worth $627,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in AAL. Raymond James & Associates boosted its position in shares of American Airlines Group by 12.8% in the 1st quarter. Raymond James & Associates now owns 143,373 shares of the airline’s stock worth $2,617,000 after purchasing an additional 16,316 shares in the last quarter. American Century Companies Inc. boosted its position in shares of American Airlines Group by 14.1% in the 1st quarter. American Century Companies Inc. now owns 27,651 shares of the airline’s stock worth $505,000 after purchasing an additional 3,421 shares in the last quarter. US Bancorp DE boosted its position in shares of American Airlines Group by 11.0% in the 1st quarter. US Bancorp DE now owns 20,747 shares of the airline’s stock worth $378,000 after purchasing an additional 2,064 shares in the last quarter. MetLife Investment Management LLC boosted its position in shares of American Airlines Group by 23.1% in the 1st quarter. MetLife Investment Management LLC now owns 176,047 shares of the airline’s stock worth $3,213,000 after purchasing an additional 32,986 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in American Airlines Group by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 86,668 shares of the airline’s stock worth $1,582,000 after acquiring an additional 5,393 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Up 0.9 %

Shares of American Airlines Group stock opened at $14.02 on Friday. American Airlines Group Inc. has a twelve month low of $10.86 and a twelve month high of $19.08. The business has a 50-day moving average price of $14.56 and a 200 day moving average price of $13.56. The firm has a market cap of $9.18 billion, a PE ratio of 12.75, a P/E/G ratio of 0.11 and a beta of 1.57.

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. American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The firm had revenue of $13.06 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the previous year, the business earned $1.17 EPS. American Airlines Group’s revenue for the quarter was down 1.0% compared to the same quarter last year. On average, sell-side analysts expect that American Airlines Group Inc. will post 2.45 EPS for the current year.

Analysts Set New Price Targets

AAL has been the subject of a number of research reports. UBS Group initiated coverage on American Airlines Group in a research report on Wednesday, March 20th. They set a “buy” rating and a $19.00 price target for the company. Citigroup reaffirmed a “buy” rating and set a $20.00 price target on shares of American Airlines Group in a research report on Thursday, March 14th. Morgan Stanley reaffirmed an “overweight” rating and set a $20.00 price target on shares of American Airlines Group in a research report on Tuesday, March 5th. TD Cowen raised American Airlines Group from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $14.00 to $21.00 in a research report on Friday, January 26th. Finally, JPMorgan Chase & Co. lifted their price target on American Airlines Group from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock 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.