Allspring Global Investments Holdings LLC Sells 1,216 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Allspring Global Investments Holdings LLC trimmed its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 3.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 32,329 shares of the airline’s stock after selling 1,216 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in American Airlines Group were worth $444,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. Gables Capital Management Inc. grew its position 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 worth $26,000 after acquiring an additional 1,000 shares in the last quarter. Global Retirement Partners LLC grew its position in American Airlines Group by 11.0% in the fourth quarter. Global Retirement Partners LLC now owns 10,912 shares of the airline’s stock worth $144,000 after acquiring an additional 1,078 shares in the last quarter. Treasurer of the State of North Carolina grew its position in American Airlines Group by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 293,480 shares of the airline’s stock worth $3,759,000 after acquiring an additional 1,110 shares in the last quarter. CWM LLC grew its position in American Airlines Group by 5.2% in the third quarter. CWM LLC now owns 25,596 shares of the airline’s stock worth $328,000 after acquiring an additional 1,259 shares in the last quarter. Finally, Signaturefd LLC grew its position in American Airlines Group by 41.6% in the third quarter. Signaturefd LLC now owns 7,759 shares of the airline’s stock worth $99,000 after acquiring an additional 2,278 shares in the last quarter. 52.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

AAL has been the subject of several recent analyst reports. Morgan Stanley reaffirmed an “overweight” rating and set a $20.00 price objective on shares of American Airlines Group in a report on Tuesday, March 5th. Jefferies Financial Group raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a report on Thursday, January 11th. Barclays upped their price objective on shares of American Airlines Group from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Friday, January 26th. TD Cowen raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $14.00 to $21.00 in a report on Friday, January 26th. Finally, Seaport Res Ptn raised shares of American Airlines Group from a “neutral” rating to a “buy” rating in a report on Friday, January 26th. Two equities research 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. Based on data from MarketBeat, American Airlines Group has a consensus rating of “Hold” and a consensus target price of $17.53.

American Airlines Group Price Performance

Shares of American Airlines Group stock opened at $14.13 on Friday. American Airlines Group Inc. has a fifty-two week low of $10.86 and a fifty-two week high of $19.08. The firm has a fifty day moving average price of $14.47 and a two-hundred day moving average price of $13.61. The company has a market cap of $9.25 billion, a PE ratio of 12.85, a price-to-earnings-growth ratio of 0.12 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, January 25th. The airline reported $0.29 earnings per share (EPS) for the quarter, beating 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 company had revenue of $13.06 billion during the quarter, compared to analysts’ expectations of $13.01 billion. During the same quarter in the prior year, the company posted $1.17 EPS. The business’s revenue was down 1.0% on a year-over-year basis. Analysts expect that American Airlines Group Inc. will post 2.45 earnings per share 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.