Retirement Systems of Alabama Decreases Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Retirement Systems of Alabama reduced its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 2.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 144,032 shares of the airline’s stock after selling 3,702 shares during the quarter. Retirement Systems of Alabama’s holdings in American Airlines Group were worth $1,979,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AAL. Gables Capital Management Inc. raised its stake in American Airlines Group by 100.0% during the 3rd 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. DekaBank Deutsche Girozentrale acquired a new position in American Airlines Group in the third quarter valued at $33,000. GAMMA Investing LLC acquired a new position in American Airlines Group in the fourth quarter valued at $38,000. Baystate Wealth Management LLC increased its stake in American Airlines Group by 267.1% in the fourth quarter. Baystate Wealth Management LLC now owns 3,924 shares of the airline’s stock valued at $54,000 after purchasing an additional 2,855 shares during the period. Finally, Cullen Frost Bankers Inc. increased its stake in American Airlines Group by 238.1% in the third quarter. Cullen Frost Bankers Inc. now owns 4,260 shares of the airline’s stock valued at $55,000 after purchasing an additional 3,000 shares during the period. 52.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the stock. UBS Group assumed 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 on the stock. Barclays lifted their price objective 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. TD Cowen upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $14.00 to $21.00 in a research note on Friday, January 26th. Citigroup reiterated a “buy” rating and set a $20.00 price target on shares of American Airlines Group in a research note on Thursday, March 14th. Finally, Seaport Res Ptn upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. 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 stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $17.60.

American Airlines Group Trading Up 1.2 %

AAL stock opened at $14.42 on Thursday. The company has a market cap of $9.46 billion, a P/E ratio of 24.03, a P/E/G ratio of 0.20 and a beta of 1.57. American Airlines Group Inc. has a 52 week low of $10.86 and a 52 week high of $19.08. The company’s 50-day moving average price is $14.29 and its 200 day moving average price is $13.76.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.06). American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The business had revenue of $12.57 billion during the quarter, compared to analysts’ expectations of $12.60 billion. During the same period last year, the company earned $0.05 EPS. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities research analysts expect that American Airlines Group Inc. will post 2.54 earnings per share for the current year.

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.