Daiwa Securities Group Inc. Sells 212,351 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Daiwa Securities Group Inc. cut its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 65.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,079 shares of the airline’s stock after selling 212,351 shares during the period. Daiwa Securities Group Inc.’s holdings in American Airlines Group were worth $1,540,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in the business. Gables Capital Management Inc. raised its position in shares of American Airlines Group by 100.0% in the 3rd quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock valued at $26,000 after acquiring an additional 1,000 shares during the period. DekaBank Deutsche Girozentrale acquired a new stake in shares of American Airlines Group in the 3rd quarter valued at approximately $33,000. Baystate Wealth Management LLC raised its position in shares of American Airlines Group by 267.1% in the 4th quarter. Baystate Wealth Management LLC now owns 3,924 shares of the airline’s stock valued at $54,000 after acquiring an additional 2,855 shares during the period. Cullen Frost Bankers Inc. raised its position in shares of American Airlines Group by 238.1% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 4,260 shares of the airline’s stock valued at $55,000 after acquiring an additional 3,000 shares during the period. Finally, Friedenthal Financial acquired a new stake in shares of American Airlines Group in the 4th quarter valued at approximately $58,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Stock Down 2.1 %

Shares of AAL opened at $14.23 on Wednesday. The stock has a market capitalization of $9.32 billion, a P/E ratio of 12.94, a P/E/G ratio of 0.12 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. The company has a 50 day moving average of $14.51 and a 200-day moving average of $13.61.

American Airlines Group (NASDAQ:AAL) last released its 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 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 business earned $1.17 earnings per share. The firm’s revenue was down 1.0% on a year-over-year basis. On average, sell-side analysts anticipate that American Airlines Group Inc. will post 2.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AAL has been the topic of a number of analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $20.00 price target on shares of American Airlines Group in a research report on Tuesday, March 5th. Citigroup reissued a “buy” rating and set a $20.00 target price on shares of American Airlines Group in a research note on Thursday, March 14th. Wolfe Research raised American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 target price for the company in a research note on Monday, January 22nd. UBS Group began coverage on American Airlines Group in a research note on Wednesday, March 20th. They set a “buy” rating and a $19.00 target price for the company. Finally, Evercore ISI reissued a “hold” rating and set a $17.00 target price on shares of American Airlines Group in a research note on Monday, January 29th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, American Airlines Group currently has a consensus rating of “Hold” and an average target price of $17.53.

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.