Sumitomo Mitsui Trust Holdings Inc. Has $830,000 Stake in American Airlines Group Inc. (NASDAQ:AAL)

Sumitomo Mitsui Trust Holdings Inc. decreased its position in American Airlines Group Inc. (NASDAQ:AAL) by 4.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 60,406 shares of the airline’s stock after selling 3,003 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in American Airlines Group were worth $830,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Gables Capital Management Inc. boosted its stake in shares of American Airlines Group by 100.0% during the 3rd 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 period. Global Retirement Partners LLC boosted its stake in shares of American Airlines Group by 11.0% during the 4th quarter. Global Retirement Partners LLC now owns 10,912 shares of the airline’s stock valued at $144,000 after buying an additional 1,078 shares during the period. Treasurer of the State of North Carolina boosted its stake in shares of American Airlines Group by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 293,480 shares of the airline’s stock valued at $3,759,000 after buying an additional 1,110 shares during the period. CWM LLC boosted its stake in shares of American Airlines Group by 5.2% during the 3rd quarter. CWM LLC now owns 25,596 shares of the airline’s stock valued at $328,000 after buying an additional 1,259 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of American Airlines Group by 41.6% during the 3rd quarter. Signaturefd LLC now owns 7,759 shares of the airline’s stock valued at $99,000 after buying an additional 2,278 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Performance

NASDAQ:AAL opened at $14.13 on Friday. The firm’s 50-day moving average is $14.47 and its 200-day moving average is $13.61. American Airlines Group Inc. has a 52-week low of $10.86 and a 52-week high of $19.08. The company has a market cap of $9.25 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 0.12 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, January 25th. The airline reported $0.29 earnings per share (EPS) for the quarter, topping 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 company had revenue of $13.06 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the previous year, the firm posted $1.17 EPS. The business’s revenue was down 1.0% compared to the same quarter last year. Equities analysts predict that American Airlines Group Inc. will post 2.45 EPS for the current year.

Wall Street Analyst Weigh In

AAL has been the subject of a number of research reports. 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 research note on Friday, January 26th. UBS Group began coverage on shares of American Airlines Group in a research note on Wednesday, March 20th. They issued a “buy” rating and a $19.00 price objective for the company. JPMorgan Chase & Co. lifted their price objective on shares of American Airlines Group from $19.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Evercore ISI reaffirmed a “hold” rating and issued a $17.00 price objective on shares of American Airlines Group in a research note on Monday, January 29th. Finally, TD Cowen raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $14.00 to $21.00 in a research note 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 given a buy rating to the stock. According to data from MarketBeat.com, American Airlines Group currently has an average rating of “Hold” and an average target price 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.