Retirement Systems of Alabama Sells 3,702 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Retirement Systems of Alabama reduced its position in American Airlines Group Inc. (NASDAQ:AAL) by 2.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 144,032 shares of the airline’s stock after selling 3,702 shares during the quarter. Retirement Systems of Alabama’s holdings in American Airlines Group were worth $1,979,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of American Airlines Group by 0.9% in the third quarter. Vanguard Group Inc. now owns 78,888,859 shares of the airline’s stock worth $1,010,566,000 after purchasing an additional 667,660 shares during the period. U S Global Investors Inc. boosted its position in shares of American Airlines Group by 18.7% in the fourth quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock worth $174,159,000 after purchasing an additional 2,001,247 shares during the period. Invesco Ltd. boosted its position in shares of American Airlines Group by 28.3% in the third quarter. Invesco Ltd. now owns 12,119,358 shares of the airline’s stock worth $155,249,000 after purchasing an additional 2,672,793 shares during the period. Northern Trust Corp boosted its position in shares of American Airlines Group by 2.1% during the third quarter. Northern Trust Corp now owns 4,748,260 shares of the airline’s stock worth $60,825,000 after acquiring an additional 98,130 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new position in shares of American Airlines Group during the third quarter worth $59,411,000. 52.44% of the stock is currently owned by institutional investors.

American Airlines Group Trading Up 1.2 %

Shares of AAL opened at $14.42 on Thursday. The company has a market cap of $9.46 billion, a P/E ratio of 24.03, a P/E/G ratio of 0.20 and a beta of 1.57. American Airlines Group Inc. has a twelve month low of $10.86 and a twelve month high of $19.08. The company’s fifty day simple moving average is $14.29 and its 200-day simple moving average is $13.76.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.06). American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The business had revenue of $12.57 billion for the quarter, compared to the consensus estimate of $12.60 billion. During the same quarter in the previous year, the company earned $0.05 earnings per share. The firm’s revenue was up 3.1% on a year-over-year basis. Analysts predict that American Airlines Group Inc. will post 2.54 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AAL. Sanford C. Bernstein upped their target price on shares of American Airlines Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Monday. Morgan Stanley restated an “overweight” rating and set a $20.00 target price on shares of American Airlines Group in a research report on Tuesday, March 5th. Seaport Res Ptn upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating in a research report on Friday, January 26th. UBS Group began coverage on shares of American Airlines Group in a research report on Wednesday, March 20th. They set a “buy” rating and a $19.00 target price for the company. Finally, Wolfe Research upgraded shares of American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 target price for the company in a research report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, American Airlines Group presently has an average rating of “Hold” and a consensus target price of $17.60.

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.