American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by Toronto Dominion Bank

Toronto Dominion Bank cut its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 29.8% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 202,516 shares of the airline’s stock after selling 85,843 shares during the period. Toronto Dominion Bank’s holdings in American Airlines Group were worth $3,109,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Castle Hook Partners LP bought a new stake in American Airlines Group during the 1st quarter valued at $5,626,000. Natixis acquired a new position in shares of American Airlines Group during the first quarter valued at $2,296,000. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of American Airlines Group during the first quarter valued at about $2,452,000. Twin Capital Management Inc. lifted its holdings in American Airlines Group by 43.0% in the first quarter. Twin Capital Management Inc. now owns 91,261 shares of the airline’s stock worth $1,401,000 after purchasing an additional 27,441 shares during the period. Finally, Bessemer Group Inc. grew its position in American Airlines Group by 4,915.6% in the 1st quarter. Bessemer Group Inc. now owns 142,392 shares of the airline’s stock valued at $2,186,000 after buying an additional 139,553 shares in the last quarter. 52.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AAL. Morgan Stanley dropped their price target on shares of American Airlines Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, June 3rd. Evercore dropped their target price on American Airlines Group from $13.00 to $10.00 in a report on Friday. Bank of America cut their target price on American Airlines Group from $12.00 to $11.00 and set an “underperform” rating for the company in a research report on Wednesday, May 29th. TD Securities lowered their price target on American Airlines Group from $10.00 to $7.00 in a research report on Friday. Finally, Sanford C. Bernstein lowered American Airlines Group from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $18.00 to $12.00 in a report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.80.

American Airlines Group Trading Up 0.2 %

AAL stock opened at $10.62 on Friday. American Airlines Group Inc. has a one year low of $9.76 and a one year high of $16.87. The firm has a 50-day moving average of $11.51 and a two-hundred day moving average of $13.40. The firm has a market capitalization of $6.97 billion, a PE ratio of 17.70, a P/E/G ratio of 0.36 and a beta of 1.44.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, beating the consensus estimate of $1.04 by $0.05. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The business had revenue of $14.33 billion during the quarter, compared to the consensus estimate of $14.38 billion. During the same quarter in the prior year, the firm earned $1.92 EPS. The firm’s quarterly revenue was up 2.0% on a year-over-year basis. On average, equities research analysts anticipate that American Airlines Group Inc. will post 1.1 earnings per share for the current 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.