Kentucky Retirement Systems Sells 4,804 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Kentucky Retirement Systems lowered its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 8.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 52,290 shares of the airline’s stock after selling 4,804 shares during the quarter. Kentucky Retirement Systems’ holdings in American Airlines Group were worth $718,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Panagora Asset Management Inc. bought a new stake in American Airlines Group during the 4th quarter worth about $342,000. WMG Financial Advisors LLC bought a new position in shares of American Airlines Group in the 4th quarter valued at about $150,000. Eudaimonia Partners LLC bought a new position in shares of American Airlines Group in the 4th quarter valued at about $304,000. Janney Montgomery Scott LLC boosted its stake in shares of American Airlines Group by 10.9% in the 4th quarter. Janney Montgomery Scott LLC now owns 71,018 shares of the airline’s stock valued at $976,000 after purchasing an additional 6,969 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC boosted its stake in shares of American Airlines Group by 22.4% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 62,010 shares of the airline’s stock valued at $852,000 after purchasing an additional 11,337 shares during the last quarter. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Down 3.4 %

NASDAQ AAL opened at $14.03 on Wednesday. American Airlines Group Inc. has a 12-month low of $10.86 and a 12-month high of $19.08. The company has a market capitalization of $9.20 billion, a PE ratio of 23.38, a price-to-earnings-growth ratio of 0.21 and a beta of 1.57. The firm’s 50 day moving average is $14.25 and its 200-day moving average is $14.00.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The business had revenue of $12.57 billion during the quarter, compared to analyst estimates of $12.60 billion. During the same quarter last year, the business earned $0.05 earnings per share. American Airlines Group’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, sell-side analysts expect that American Airlines Group Inc. will post 2.6 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AAL. Citigroup reaffirmed a “buy” rating and issued a $20.00 target price on shares of American Airlines Group in a research note on Thursday, March 14th. TD Cowen upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and increased their price target for the company from $14.00 to $21.00 in a research report on Friday, January 26th. 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 initiated coverage on shares of American Airlines Group in a research report on Wednesday, March 20th. They issued a “buy” rating and a $19.00 price target on the stock. Finally, JPMorgan Chase & Co. increased their price target on shares of American Airlines Group from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $17.62.

American Airlines Group Company 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.