Cerity Partners LLC Sells 41,715 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Cerity Partners LLC lowered its position in American Airlines Group Inc. (NASDAQ:AAL) by 52.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 38,416 shares of the airline’s stock after selling 41,715 shares during the period. Cerity Partners LLC’s holdings in American Airlines Group were worth $670,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in American Airlines Group during the 4th quarter valued at about $25,000. Brooklyn Investment Group increased its position in shares of American Airlines Group by 133.1% during the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after acquiring an additional 909 shares during the period. Bfsg LLC raised its stake in shares of American Airlines Group by 269.3% during the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock valued at $36,000 after acquiring an additional 1,500 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of American Airlines Group in the fourth quarter valued at approximately $45,000. Finally, Quent Capital LLC grew its stake in American Airlines Group by 70.2% in the fourth quarter. Quent Capital LLC now owns 3,064 shares of the airline’s stock worth $53,000 after purchasing an additional 1,264 shares in the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.

Insider Buying and Selling

In other news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the completion of the sale, the senior vice president now directly owns 112,412 shares in the company, valued at $1,927,865.80. The trade was a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.49% of the stock is currently owned by corporate insiders.

American Airlines Group Stock Up 0.4 %

Shares of AAL stock opened at $9.46 on Monday. American Airlines Group Inc. has a 52 week low of $8.50 and a 52 week high of $19.10. The firm has a 50 day moving average of $12.12 and a two-hundred day moving average of $14.33. The stock has a market capitalization of $6.22 billion, a PE ratio of 8.30, a P/E/G ratio of 0.21 and a beta of 1.17.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. Analysts expect that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Melius Research upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. UBS Group dropped their target price on shares of American Airlines Group from $13.00 to $9.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Evercore ISI boosted their price target on shares of American Airlines Group to $18.00 and gave the company a “hold” rating in a report on Thursday, January 9th. Raymond James lowered their price target on shares of American Airlines Group from $23.00 to $15.00 and set an “outperform” rating for the company in a research report on Wednesday, April 2nd. Finally, Jefferies Financial Group reissued a “hold” rating and set a $12.00 price objective (down from $20.00) on shares of American Airlines Group in a report on Tuesday, April 1st. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, American Airlines Group presently has an average rating of “Moderate Buy” and a consensus price target of $16.95.

American Airlines Group Company 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.