Seven Eight Capital LP Sells 298,928 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Seven Eight Capital LP lowered its holdings in shares of American Airlines Group Inc. (NASDAQ:AALFree Report) by 84.0% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 56,988 shares of the airline’s stock after selling 298,928 shares during the quarter. Seven Eight Capital LP’s holdings in American Airlines Group were worth $783,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Vermillion & White Wealth Management Group LLC purchased a new stake in American Airlines Group in the fourth quarter worth about $27,000. DekaBank Deutsche Girozentrale purchased a new stake in American Airlines Group in the 3rd quarter worth approximately $33,000. GAMMA Investing LLC bought a new stake in American Airlines Group during the 4th quarter worth approximately $38,000. Baystate Wealth Management LLC lifted its holdings in American Airlines Group by 267.1% during 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 in the last quarter. Finally, Federated Hermes Inc. boosted its position in shares of American Airlines Group by 32.2% in the fourth quarter. Federated Hermes Inc. now owns 4,114 shares of the airline’s stock worth $57,000 after purchasing an additional 1,003 shares during the period. Institutional investors own 52.44% of the company’s stock.

Wall Street Analysts Forecast Growth

AAL has been the topic of a number of analyst reports. Jefferies Financial Group cut shares of American Airlines Group from a “buy” rating to a “hold” rating and lowered their target price for the company from $17.00 to $12.00 in a research note on Wednesday, May 29th. HSBC initiated coverage on American Airlines Group in a research note on Monday, May 13th. They issued a “buy” rating and a $17.90 price objective for the company. Seaport Res Ptn downgraded American Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. UBS Group assumed coverage on American Airlines Group in a research note on Wednesday, March 20th. They issued a “buy” rating and a $19.00 price target for the company. Finally, Susquehanna reduced their price objective on shares of American Airlines Group from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, May 30th. 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. According to MarketBeat, American Airlines Group has a consensus rating of “Hold” and an average target price of $16.53.

Get Our Latest Stock Report on AAL

American Airlines Group Trading Down 0.1 %

Shares of NASDAQ:AAL opened at $11.49 on Tuesday. The company has a market cap of $7.54 billion, a price-to-earnings ratio of 19.15, a PEG ratio of 0.20 and a beta of 1.49. American Airlines Group Inc. has a 12 month low of $10.86 and a 12 month high of $19.08. The company has a 50-day moving average price of $13.59 and a 200 day moving average price of $14.02.

American Airlines Group (NASDAQ:AALGet Free Report) last posted its quarterly earnings data 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 net margin of 0.94% and a negative return on equity of 31.65%. The company had revenue of $12.57 billion during the quarter, compared to the consensus estimate of $12.60 billion. During the same period in the previous 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, equities analysts forecast that American Airlines Group Inc. will post 2.14 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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