US Bancorp DE Sells 3,103 Shares of American Airlines Group Inc. (NASDAQ:AAL)

US Bancorp DE trimmed its stake in American Airlines Group Inc. (NASDAQ:AAL) by 18.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,880 shares of the airline’s stock after selling 3,103 shares during the quarter. US Bancorp DE’s holdings in American Airlines Group were worth $146,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. U S Global Investors Inc. raised its stake in shares of American Airlines Group by 8.7% in the first quarter. U S Global Investors Inc. now owns 7,181,246 shares of the airline’s stock worth $75,762,000 after purchasing an additional 576,612 shares during the last quarter. Northern Trust Corp increased its position in American Airlines Group by 22.0% during the fourth quarter. Northern Trust Corp now owns 5,437,904 shares of the airline’s stock valued at $94,783,000 after acquiring an additional 980,409 shares during the last quarter. Dimensional Fund Advisors LP increased its position in American Airlines Group by 21.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,280,289 shares of the airline’s stock valued at $92,043,000 after acquiring an additional 943,336 shares during the last quarter. Voloridge Investment Management LLC purchased a new stake in American Airlines Group during the fourth quarter valued at $60,190,000. Finally, Two Sigma Advisers LP purchased a new stake in American Airlines Group in the fourth quarter worth about $42,693,000. 52.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on AAL. Raymond James Financial reduced their price target on American Airlines Group from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. TD Cowen upped their price objective on American Airlines Group to $13.00 and gave the stock an “unchanged” rating in a research note on Friday, April 25th. Barclays increased their price target on American Airlines Group from $11.00 to $12.00 and gave the company an “equal weight” rating in a research note on Thursday, July 10th. UBS Group raised their price objective on American Airlines Group from $9.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, July 7th. Finally, Bank of America raised their price objective on American Airlines Group from $10.00 to $12.00 and gave the stock a “neutral” rating in a report on Tuesday, July 1st. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, American Airlines Group presently has an average rating of “Moderate Buy” and an average price target of $16.76.

American Airlines Group Stock Performance

Shares of AAL opened at $13.17 on Friday. The stock has a 50-day moving average of $11.67 and a two-hundred day moving average of $11.97. American Airlines Group Inc. has a one year low of $8.50 and a one year high of $19.10. The stock has a market cap of $8.69 billion, a P/E ratio of 16.46, a P/E/G ratio of 3.00 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, July 24th. The airline reported $0.95 EPS for the quarter, topping analysts’ consensus estimates of $0.79 by $0.16. American Airlines Group had a negative return on equity of 24.55% and a net margin of 1.05%. The company had revenue of $14.39 billion during the quarter, compared to analysts’ expectations of $14.27 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. The firm’s revenue was up .4% compared to the same quarter last year. Analysts predict that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

About American Airlines Group

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.