Corebridge Financial Inc. Has $12.97 Million Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Corebridge Financial Inc. decreased its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 4.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 744,085 shares of the airline’s stock after selling 33,033 shares during the quarter. Corebridge Financial Inc.’s holdings in American Airlines Group were worth $12,969,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. United Services Automobile Association increased its position in shares of American Airlines Group by 33.8% in the fourth quarter. United Services Automobile Association now owns 41,088 shares of the airline’s stock worth $716,000 after purchasing an additional 10,381 shares during the period. Mountain Hill Investment Partners Corp. acquired a new stake in American Airlines Group during the fourth quarter worth about $88,000. Vanguard Group Inc. increased its holdings in American Airlines Group by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 62,985,524 shares of the airline’s stock valued at $1,097,838,000 after buying an additional 953,766 shares during the period. Fox Run Management L.L.C. raised its position in shares of American Airlines Group by 44.6% in the 4th quarter. Fox Run Management L.L.C. now owns 66,068 shares of the airline’s stock valued at $1,152,000 after buying an additional 20,379 shares in the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of American Airlines Group during the 4th quarter worth approximately $608,000. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Performance

American Airlines Group stock opened at $11.51 on Wednesday. The firm has a market cap of $7.57 billion, a price-to-earnings ratio of 10.10, a PEG ratio of 0.21 and a beta of 1.27. American Airlines Group Inc. has a 52-week low of $9.07 and a 52-week high of $19.10. The firm has a 50 day moving average price of $15.06 and a two-hundred day moving average price of $14.49.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. As a group, equities research analysts predict that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

Insider Activity at American Airlines Group

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction on Friday, December 27th. The shares were sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the transaction, the chief executive officer now directly owns 2,967,984 shares of the company’s stock, valued at $51,079,004.64. This represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction on Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the completion of the sale, the senior vice president now directly owns 112,412 shares of the company’s stock, valued at approximately $1,927,865.80. This trade represents a 31.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

AAL has been the subject of several recent analyst reports. Seaport Res Ptn upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Evercore ISI upped their price objective on American Airlines Group to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 9th. Redburn Atlantic raised American Airlines Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $18.00 to $24.00 in a research note on Wednesday, February 26th. Sanford C. Bernstein raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $14.00 to $24.00 in a report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. decreased their price target on shares of American Airlines Group from $30.00 to $26.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.30.

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.