American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. lowered its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 80,411 shares of the airline’s stock after selling 4,334 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in American Airlines Group were worth $1,105,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Jupiter Asset Management Ltd. acquired a new stake in American Airlines Group during the 3rd quarter worth $59,411,000. Invesco Ltd. lifted its holdings in shares of American Airlines Group by 28.3% in the 3rd quarter. Invesco Ltd. now owns 12,119,358 shares of the airline’s stock valued at $155,249,000 after purchasing an additional 2,672,793 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of American Airlines Group in the 3rd quarter valued at about $28,867,000. Barclays PLC grew its stake in American Airlines Group by 191.7% during the 3rd quarter. Barclays PLC now owns 3,333,370 shares of the airline’s stock worth $42,448,000 after buying an additional 2,190,456 shares during the last quarter. Finally, U S Global Investors Inc. increased its position in American Airlines Group by 18.7% during the fourth quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock worth $174,159,000 after buying an additional 2,001,247 shares during the period. Hedge funds and other institutional investors own 52.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on AAL shares. Barclays lifted their target price on shares of American Airlines Group from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Friday, January 26th. Morgan Stanley reiterated an “overweight” rating and set a $20.00 target price on shares of American Airlines Group in a research note on Tuesday, March 5th. Jefferies Financial Group upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Thursday, January 11th. Sanford C. Bernstein increased their price objective on American Airlines Group from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. Finally, UBS Group initiated coverage on American Airlines Group in a report on Wednesday, March 20th. They issued a “buy” rating and a $19.00 target price on the stock. Two investment 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, American Airlines Group has a consensus rating of “Hold” and an average target price of $17.53.

American Airlines Group Stock Performance

Shares of AAL stock opened at $14.53 on Tuesday. The stock has a market cap of $9.51 billion, a PE ratio of 13.21, a P/E/G ratio of 0.12 and a beta of 1.57. American Airlines Group Inc. has a 1 year low of $10.86 and a 1 year high of $19.08. The stock has a fifty day moving average price of $14.52 and a 200 day moving average price of $13.60.

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