American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. trimmed its stake in American Airlines Group Inc. (NASDAQ:AALFree Report) by 66.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,427 shares of the airline’s stock after selling 4,714 shares during the quarter. Royal London Asset Management Ltd.’s holdings in American Airlines Group were worth $33,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AAL. DekaBank Deutsche Girozentrale acquired a new stake in American Airlines Group during the third quarter worth approximately $33,000. GAMMA Investing LLC purchased a new stake in shares of American Airlines Group in the fourth quarter valued at $38,000. Baystate Wealth Management LLC increased its stake in American Airlines Group by 267.1% in the fourth quarter. Baystate Wealth Management LLC now owns 3,924 shares of the airline’s stock valued at $54,000 after purchasing an additional 2,855 shares during the last quarter. Federated Hermes Inc. lifted its position in American Airlines Group by 32.2% during the fourth quarter. Federated Hermes Inc. now owns 4,114 shares of the airline’s stock worth $57,000 after buying an additional 1,003 shares during the period. Finally, Friedenthal Financial acquired a new stake in American Airlines Group in the 4th quarter worth about $58,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Seaport Res Ptn lowered shares of American Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. UBS Group assumed coverage on shares of American Airlines Group in a research note on Wednesday, March 20th. They set a “buy” rating and a $19.00 price objective for the company. Morgan Stanley reduced their target price on American Airlines Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, June 3rd. Citigroup dropped their price target on American Airlines Group from $20.00 to $16.50 and set a “buy” rating for the company in a research note on Friday, May 31st. Finally, Bank of America reduced their price objective on American Airlines Group from $12.00 to $11.00 and set an “underperform” rating on the stock in a research note on Wednesday, May 29th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, American Airlines Group has an average rating of “Hold” and an average target price of $16.53.

View Our Latest Research Report on American Airlines Group

American Airlines Group Price Performance

American Airlines Group stock opened at $11.49 on Tuesday. 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 $7.54 billion, a price-to-earnings ratio of 19.15, a price-to-earnings-growth ratio of 0.20 and a beta of 1.49. The firm’s fifty day moving average price is $13.59 and its 200 day moving average price is $14.02.

American Airlines Group (NASDAQ:AALGet Free Report) last announced its earnings results 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). The business had revenue of $12.57 billion for the quarter, compared to analysts’ expectations of $12.60 billion. American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The firm’s revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 earnings per share. Analysts forecast that American Airlines Group Inc. will post 2.14 earnings per share for the current fiscal year.

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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