American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 7.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,089 shares of the airline’s stock after selling 1,724 shares during the period. Nisa Investment Advisors LLC’s holdings in American Airlines Group were worth $222,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in AAL. Voloridge Investment Management LLC bought a new stake in American Airlines Group in the 4th quarter valued at $60,190,000. Two Sigma Advisers LP bought a new stake in American Airlines Group during the 4th quarter worth approximately $42,693,000. Arrowstreet Capital Limited Partnership bought a new position in shares of American Airlines Group during the 4th quarter worth approximately $40,333,000. Alyeska Investment Group L.P. acquired a new stake in shares of American Airlines Group in the 4th quarter valued at approximately $35,141,000. Finally, Norges Bank acquired a new stake in American Airlines Group during the 4th quarter valued at $20,696,000. 52.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

AAL has been the topic of a number of recent analyst reports. TD Cowen raised their price target on American Airlines Group to $13.00 and gave the stock an “unchanged” rating in a research report on Friday, April 25th. Raymond James Financial decreased their price target on American Airlines Group from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, April 25th. Jefferies Financial Group reaffirmed a “hold” rating and set a $12.00 target price (down from $20.00) on shares of American Airlines Group in a research report on Tuesday, April 1st. Bank of America raised their target price on American Airlines Group from $10.00 to $12.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 1st. Finally, Sanford C. Bernstein raised their price target on American Airlines Group from $12.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, American Airlines Group has an average rating of “Moderate Buy” and an average price target of $15.89.

American Airlines Group Trading Up 1.5%

Shares of NASDAQ AAL opened at $12.45 on Friday. The firm has a market capitalization of $8.21 billion, a PE ratio of 13.83, a price-to-earnings-growth ratio of 1.81 and a beta of 1.36. American Airlines Group Inc. has a 1 year low of $8.50 and a 1 year high of $19.10. The firm’s 50-day moving average is $11.48 and its 200-day moving average is $12.84.

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