New York State Common Retirement Fund Sells 113,226 Shares of American Airlines Group Inc. (NASDAQ:AAL)

New York State Common Retirement Fund lowered its stake in American Airlines Group Inc. (NASDAQ:AALFree Report) by 19.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 463,333 shares of the airline’s stock after selling 113,226 shares during the period. New York State Common Retirement Fund’s holdings in American Airlines Group were worth $5,935,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of AAL. Gables Capital Management Inc. grew its position in shares of American Airlines Group by 100.0% during the 3rd quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock worth $26,000 after purchasing an additional 1,000 shares in the last quarter. RVW Wealth LLC acquired a new position in shares of American Airlines Group during the 3rd quarter worth approximately $27,000. Householder Group Estate & Retirement Specialist LLC acquired a new position in shares of American Airlines Group during the 3rd quarter worth approximately $42,000. Bessemer Group Inc. grew its position in shares of American Airlines Group by 101.6% during the 2nd quarter. Bessemer Group Inc. now owns 2,570 shares of the airline’s stock worth $46,000 after purchasing an additional 1,295 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its position in shares of American Airlines Group by 38.4% during the 1st quarter. First Horizon Advisors Inc. now owns 3,331 shares of the airline’s stock worth $49,000 after purchasing an additional 924 shares in the last quarter. Institutional investors and hedge funds own 58.50% of the company’s stock.

Insider Buying and Selling at American Airlines Group

In other American Airlines Group news, EVP Vasu Raja sold 5,298 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $12.23, for a total value of $64,794.54. Following the completion of the transaction, the executive vice president now directly owns 339,170 shares in the company, valued at approximately $4,148,049.10. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.78% of the company’s stock.

American Airlines Group Price Performance

Shares of NASDAQ:AAL opened at $14.88 on Friday. The company has a market cap of $9.72 billion, a price-to-earnings ratio of 13.53, a PEG ratio of 0.11 and a beta of 1.56. The firm has a 50 day simple moving average of $14.06 and a 200 day simple moving average of $13.60. American Airlines Group Inc. has a one year low of $10.86 and a one year high of $19.08.

American Airlines Group (NASDAQ:AALGet Free Report) last announced its quarterly earnings results on Thursday, January 25th. The airline reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.18. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. The firm had revenue of $13.06 billion during the quarter, compared to analysts’ expectations of $13.01 billion. During the same period in the prior year, the company posted $1.17 EPS. The company’s revenue was down 1.0% on a year-over-year basis. As a group, analysts expect that American Airlines Group Inc. will post 2.66 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. TD Cowen upgraded 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 $21.00 in a research report on Friday, January 26th. Citigroup upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and increased their target price for the stock from $14.00 to $20.00 in a research report on Monday, January 29th. Morgan Stanley raised shares of American Airlines Group from an “equal weight” rating to an “overweight” rating and set a $20.00 price target for the company in a report on Monday, January 8th. Evercore ISI reaffirmed a “hold” rating and set a $17.00 price target on shares of American Airlines Group in a report on Monday, January 29th. Finally, Wolfe Research raised shares of American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 price target for the company in a report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and ten have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $17.57.

Check Out Our Latest Report on American Airlines Group

American Airlines Group Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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