Bank Julius Baer & Co. Ltd Zurich Sells 18,133 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Bank Julius Baer & Co. Ltd Zurich trimmed its stake in American Airlines Group Inc. (NASDAQ:AAL) by 35.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 32,916 shares of the airline’s stock after selling 18,133 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in American Airlines Group were worth $452,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of American Airlines Group by 0.9% in the third quarter. Vanguard Group Inc. now owns 78,888,859 shares of the airline’s stock worth $1,010,566,000 after purchasing an additional 667,660 shares during the last quarter. U S Global Investors Inc. raised its stake in shares of American Airlines Group by 18.7% in the fourth quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock worth $174,159,000 after purchasing an additional 2,001,247 shares during the last quarter. Invesco Ltd. raised its stake in shares of American Airlines Group by 28.3% in the third quarter. Invesco Ltd. now owns 12,119,358 shares of the airline’s stock worth $155,249,000 after purchasing an additional 2,672,793 shares during the last quarter. Northern Trust Corp raised its stake in shares of American Airlines Group by 2.1% in the third quarter. Northern Trust Corp now owns 4,748,260 shares of the airline’s stock worth $60,825,000 after purchasing an additional 98,130 shares during the last quarter. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of American Airlines Group in the third quarter worth $59,411,000. 52.44% of the stock is owned by institutional investors.

American Airlines Group Price Performance

Shares of AAL stock opened at $13.88 on Friday. American Airlines Group Inc. has a 1 year low of $10.86 and a 1 year high of $19.08. The stock’s 50 day simple moving average is $14.46 and its two-hundred day simple moving average is $13.64. The company has a market cap of $9.09 billion, a PE ratio of 23.13, a price-to-earnings-growth ratio of 0.11 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The company had revenue of $12.57 billion for the quarter, compared to analysts’ expectations of $12.60 billion. During the same quarter last year, the company earned $0.05 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. Equities research analysts expect that American Airlines Group Inc. will post 2.67 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AAL. Wolfe Research upgraded American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 price objective for the company in a research report on Monday, January 22nd. TD Cowen upgraded American Airlines Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $14.00 to $21.00 in a research report on Friday, January 26th. Jefferies Financial Group raised American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Thursday, January 11th. Seaport Res Ptn raised American Airlines Group from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. Finally, UBS Group started coverage on American Airlines Group in a research note on Wednesday, March 20th. They issued a “buy” rating and a $19.00 price objective for the company. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $17.53.

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.