Public Employees Retirement System of Ohio Sells 15,623 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Public Employees Retirement System of Ohio trimmed its stake in American Airlines Group Inc. (NASDAQ:AALFree Report) by 5.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 283,830 shares of the airline’s stock after selling 15,623 shares during the period. Public Employees Retirement System of Ohio’s holdings in American Airlines Group were worth $3,636,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Raymond James & Associates boosted its stake in American Airlines Group by 12.8% in the first quarter. Raymond James & Associates now owns 143,373 shares of the airline’s stock worth $2,617,000 after purchasing an additional 16,316 shares in the last quarter. American Century Companies Inc. boosted its stake in American Airlines Group by 14.1% in the first quarter. American Century Companies Inc. now owns 27,651 shares of the airline’s stock worth $505,000 after purchasing an additional 3,421 shares in the last quarter. US Bancorp DE boosted its stake in American Airlines Group by 11.0% in the first quarter. US Bancorp DE now owns 20,747 shares of the airline’s stock worth $378,000 after purchasing an additional 2,064 shares in the last quarter. MetLife Investment Management LLC boosted its stake in American Airlines Group by 23.1% in the first quarter. MetLife Investment Management LLC now owns 176,047 shares of the airline’s stock worth $3,213,000 after purchasing an additional 32,986 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in American Airlines Group by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 86,668 shares of the airline’s stock worth $1,582,000 after purchasing an additional 5,393 shares in the last quarter. 58.50% of the stock is currently owned by institutional investors.

American Airlines Group Price Performance

AAL stock opened at $14.78 on Friday. The company has a fifty day moving average price of $14.53 and a two-hundred day moving average price of $13.45. American Airlines Group Inc. has a one year low of $10.86 and a one year high of $19.08. The stock has a market cap of $9.68 billion, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 0.11 and a beta of 1.57.

American Airlines Group (NASDAQ:AALGet Free Report) last released its quarterly earnings data on Thursday, January 25th. The airline reported $0.29 EPS for the quarter, topping analysts’ consensus estimates 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 previous year, the business posted $1.17 earnings per share. The company’s revenue for the quarter was down 1.0% compared to the same quarter last year. Research analysts anticipate that American Airlines Group Inc. will post 2.53 EPS for the current fiscal year.

Analyst Ratings Changes

AAL has been the topic of a number of recent analyst reports. Morgan Stanley reissued an “overweight” rating and issued a $20.00 price objective on shares of American Airlines Group in a research note on Tuesday, March 5th. Seaport Res Ptn raised American Airlines Group from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. JPMorgan Chase & Co. upped their price target on American Airlines Group from $19.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Sanford C. Bernstein upped their price target on American Airlines Group from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Finally, Citigroup reissued a “buy” rating and issued a $20.00 target price on shares of American Airlines Group in a research note on Thursday, March 14th. Two analysts have rated the stock with a sell rating, six have given a hold rating and eleven have given a buy rating to the company’s stock. Based on data from MarketBeat, American Airlines Group currently has a consensus rating of “Hold” and an average target price of $17.53.

Check Out Our Latest Research 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.

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

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