American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by Kwmg LLC

Kwmg LLC lowered its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 3.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 385,586 shares of the airline’s stock after selling 12,741 shares during the period. Kwmg LLC owned about 0.06% of American Airlines Group worth $6,721,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Blue Trust Inc. increased its holdings in shares of American Airlines Group by 56.2% in the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after buying an additional 911 shares in the last quarter. Point72 Hong Kong Ltd acquired a new stake in shares of American Airlines Group during the third quarter worth $55,000. KBC Group NV lifted its holdings in shares of American Airlines Group by 55.8% during the third quarter. KBC Group NV now owns 6,152 shares of the airline’s stock valued at $69,000 after purchasing an additional 2,204 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of American Airlines Group by 44.3% in the 3rd quarter. GAMMA Investing LLC now owns 9,932 shares of the airline’s stock valued at $112,000 after purchasing an additional 3,047 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new stake in American Airlines Group during the third quarter valued at about $114,000. 52.44% of the stock is currently owned by institutional investors.

American Airlines Group Price Performance

Shares of NASDAQ AAL traded down $0.75 during mid-day trading on Monday, hitting $17.63. 25,377,445 shares of the stock traded hands, compared to its average volume of 27,125,059. The company has a market cap of $11.59 billion, a PE ratio of 53.43, a price-to-earnings-growth ratio of 0.29 and a beta of 1.35. American Airlines Group Inc. has a twelve month low of $9.07 and a twelve month high of $18.45. The firm has a 50 day simple moving average of $15.87 and a two-hundred day simple moving average of $12.77.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.14. The company had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. American Airlines Group’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.38 earnings per share. On average, equities research analysts anticipate that American Airlines Group Inc. will post 1.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the business’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the completion of the transaction, the chief executive officer now owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. The trade was a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AAL shares. Barclays increased their target price on American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. BNP Paribas upgraded American Airlines Group to a “hold” rating in a research report on Thursday, September 19th. Melius raised American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Monday, January 6th. JPMorgan Chase & Co. increased their price target on shares of American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Raymond James raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and set a $24.00 price objective on the stock in a research report on Monday, December 30th. One research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.42.

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.