Fifth Third Bancorp Sells 5,410 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Fifth Third Bancorp decreased its position in American Airlines Group Inc. (NASDAQ:AAL) by 19.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,069 shares of the airline’s stock after selling 5,410 shares during the quarter. Fifth Third Bancorp’s holdings in American Airlines Group were worth $233,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Avantax Advisory Services Inc. grew its holdings in American Airlines Group by 4.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 14,751 shares of the airline’s stock valued at $257,000 after buying an additional 635 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in American Airlines Group by 0.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 133,774 shares of the airline’s stock worth $2,332,000 after acquiring an additional 774 shares during the period. M&T Bank Corp raised its stake in American Airlines Group by 2.4% during the 4th quarter. M&T Bank Corp now owns 34,525 shares of the airline’s stock valued at $602,000 after purchasing an additional 794 shares during the last quarter. CIBC Asset Management Inc boosted its holdings in American Airlines Group by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 19,987 shares of the airline’s stock valued at $348,000 after purchasing an additional 981 shares during the period. Finally, Elequin Capital LP grew its position in American Airlines Group by 208.5% during the fourth quarter. Elequin Capital LP now owns 1,749 shares of the airline’s stock worth $30,000 after buying an additional 1,182 shares in the last quarter. 52.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Citigroup decreased their target price on shares of American Airlines Group from $21.50 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Jefferies Financial Group reissued a “hold” rating and set a $12.00 price target (down from $20.00) on shares of American Airlines Group in a report on Tuesday, April 1st. Susquehanna decreased their price target on American Airlines Group from $18.00 to $10.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. Wall Street Zen lowered American Airlines Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 13th. Finally, Sanford C. Bernstein boosted their target price on shares of American Airlines Group from $12.00 to $15.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $15.68.

American Airlines Group Price Performance

American Airlines Group stock opened at $10.58 on Thursday. The company’s 50 day simple moving average is $10.74 and its 200 day simple moving average is $13.59. The firm has a market capitalization of $6.98 billion, a price-to-earnings ratio of 11.76, a PEG ratio of 1.19 and a beta of 1.39. American Airlines Group Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $19.10.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, April 24th. The airline reported ($0.59) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $0.10. The company had revenue of $12.55 billion during the quarter, compared to the consensus estimate of $12.71 billion. American Airlines Group had a negative return on equity of 26.59% and a net margin of 1.26%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.34) earnings per share. As a group, analysts predict that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

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.