American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by Swiss National Bank

Swiss National Bank lessened its stake in American Airlines Group Inc. (NASDAQ:AAL) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 321,900 shares of the airline’s stock after selling 36,900 shares during the quarter. Swiss National Bank’s holdings in American Airlines Group were worth $4,423,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Gables Capital Management Inc. raised its holdings 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 worth $26,000 after purchasing an additional 1,000 shares during the period. DekaBank Deutsche Girozentrale purchased a new position in American Airlines Group in the third quarter valued at approximately $33,000. GAMMA Investing LLC acquired a new position in American Airlines Group during the fourth quarter valued at approximately $38,000. Baystate Wealth Management LLC grew its stake in American Airlines Group by 267.1% during the fourth quarter. Baystate Wealth Management LLC now owns 3,924 shares of the airline’s stock worth $54,000 after buying an additional 2,855 shares during the period. Finally, Federated Hermes Inc. increased its position in shares of American Airlines Group by 32.2% in the fourth quarter. Federated Hermes Inc. now owns 4,114 shares of the airline’s stock worth $57,000 after acquiring an additional 1,003 shares in the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.

American Airlines Group Stock Performance

NASDAQ:AAL opened at $14.73 on Friday. The company has a market capitalization of $9.66 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 0.21 and a beta of 1.57. American Airlines Group Inc. has a one year low of $10.86 and a one year high of $19.08. The stock has a 50-day simple moving average of $14.25 and a 200 day simple moving average of $13.92.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, April 25th. The airline reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.06). The firm had revenue of $12.57 billion during the quarter, compared to analyst estimates of $12.60 billion. American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. American Airlines Group’s revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.05 EPS. On average, equities research analysts forecast that American Airlines Group Inc. will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Morgan Stanley reaffirmed an “overweight” rating and set a $20.00 price target on shares of American Airlines Group in a research report on Tuesday, March 5th. Wolfe Research upgraded 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. HSBC initiated coverage on American Airlines Group in a research report on Monday, May 13th. They set a “buy” rating and a $17.90 price target on the stock. Citigroup reaffirmed a “buy” rating and issued a $20.00 price objective on shares of American Airlines Group in a research report on Thursday, March 14th. Finally, Barclays boosted their target price on shares of American Airlines Group from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Friday, January 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $17.62.

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.