Charles Schwab Investment Management Inc. Sells 212,237 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Charles Schwab Investment Management Inc. cut its position in American Airlines Group Inc. (NASDAQ:AALFree Report) by 3.5% during the third quarter, Holdings Channel reports. The firm owned 5,928,517 shares of the airline’s stock after selling 212,237 shares during the period. Charles Schwab Investment Management Inc.’s holdings in American Airlines Group were worth $75,944,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of American Airlines Group by 1.7% in the first quarter. Vanguard Group Inc. now owns 69,272,683 shares of the airline’s stock valued at $1,264,227,000 after purchasing an additional 1,126,106 shares during the period. Renaissance Technologies LLC increased its holdings in shares of American Airlines Group by 8.8% in the second quarter. Renaissance Technologies LLC now owns 17,107,332 shares of the airline’s stock valued at $306,906,000 after purchasing an additional 1,384,800 shares during the period. Geode Capital Management LLC grew its holdings in American Airlines Group by 3.2% during the second quarter. Geode Capital Management LLC now owns 14,653,004 shares of the airline’s stock worth $262,507,000 after acquiring an additional 455,473 shares during the period. Invesco Ltd. grew its holdings in American Airlines Group by 23.6% during the first quarter. Invesco Ltd. now owns 7,247,250 shares of the airline’s stock worth $132,261,000 after acquiring an additional 1,382,569 shares during the period. Finally, Barclays PLC grew its holdings in American Airlines Group by 191.7% during the third quarter. Barclays PLC now owns 3,333,370 shares of the airline’s stock worth $42,448,000 after acquiring an additional 2,190,456 shares during the period. 58.50% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Vasu Raja sold 5,298 shares of the company’s stock in a transaction on Monday, November 20th. The stock was sold at an average price of $12.23, for a total value of $64,794.54. Following the transaction, the executive vice president now owns 339,170 shares of the company’s stock, valued at approximately $4,148,049.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.78% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research firms recently commented on AAL. Morgan Stanley raised American Airlines Group from an “equal weight” rating to an “overweight” rating and set a $20.00 target price on the stock in a report on Monday, January 8th. Barclays boosted their price objective on American Airlines Group from $13.00 to $14.00 and gave the company an “underweight” rating in a research report on Friday, January 26th. 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 boosted their price objective for the company from $14.00 to $21.00 in a research report on Friday, January 26th. Finally, Citigroup upgraded American Airlines Group from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $14.00 to $20.00 in a research report on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $17.57.

Check Out Our Latest Report on American Airlines Group

American Airlines Group Stock Performance

NASDAQ AAL opened at $14.93 on Tuesday. The stock’s fifty day moving average is $14.06 and its two-hundred day moving average is $13.58. The firm has a market capitalization of $9.76 billion, a P/E ratio of 13.57, a price-to-earnings-growth ratio of 0.11 and a beta of 1.56. American Airlines Group Inc. has a fifty-two week low of $10.86 and a fifty-two week high of $19.08.

American Airlines Group (NASDAQ:AALGet Free Report) last released its quarterly earnings data on Thursday, January 25th. The airline reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.18. The company had revenue of $13.06 billion for the quarter, compared to analyst estimates of $13.01 billion. American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.17 earnings per share. As a group, sell-side analysts forecast that American Airlines Group Inc. will post 2.66 EPS for the current year.

American Airlines Group Company 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.

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

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