American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by State of Alaska Department of Revenue

State of Alaska Department of Revenue trimmed its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,919 shares of the airline’s stock after selling 1,250 shares during the quarter. State of Alaska Department of Revenue’s holdings in American Airlines Group were worth $1,305,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of AAL. Brooklyn Investment Group increased its stake in American Airlines Group by 133.1% during the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after buying an additional 909 shares during the period. Blue Trust Inc. grew its stake in shares of American Airlines Group by 56.2% in the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after acquiring an additional 911 shares in the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of American Airlines Group during the third quarter worth $55,000. KBC Group NV raised its stake in shares of American Airlines Group by 55.8% in the third quarter. KBC Group NV now owns 6,152 shares of the airline’s stock valued at $69,000 after acquiring an additional 2,204 shares in the last quarter. Finally, Heck Capital Advisors LLC purchased a new position in American Airlines Group in the fourth quarter valued at $98,000. 52.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AAL shares. Citigroup upped their price target on American Airlines Group from $19.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. TD Cowen raised shares of American Airlines Group from a “hold” rating to a “buy” rating and raised their target price for the company from $17.00 to $25.00 in a report on Monday, January 6th. Susquehanna lowered their price target on shares of American Airlines Group from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Sanford C. Bernstein upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $14.00 to $24.00 in a report on Tuesday, December 10th. Finally, Melius Research upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.88.

American Airlines Group Price Performance

American Airlines Group stock opened at $16.26 on Thursday. The stock’s 50 day moving average price is $17.29 and its 200 day moving average price is $13.79. The company has a market cap of $10.68 billion, a PE ratio of 14.26, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $19.10.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. On average, equities research analysts anticipate that American Airlines Group Inc. will post 2.39 EPS for the current fiscal year.

Insider Activity

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $17.21, for a total value of $1,763,009.61. Following the sale, the chief executive officer now directly owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. This trade represents a 3.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Angela Owens sold 51,906 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the completion of the sale, the senior vice president now directly owns 112,412 shares in the company, valued at approximately $1,927,865.80. The trade was a 31.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

About American Airlines Group

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.