Retirement Systems of Alabama Sells 15,891 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Retirement Systems of Alabama decreased its position in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 7.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 192,309 shares of the airline’s stock after selling 15,891 shares during the quarter. Retirement Systems of Alabama’s holdings in American Airlines Group were worth $2,837,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Schroder Investment Management Group lifted its holdings in American Airlines Group by 2.3% during the 4th quarter. Schroder Investment Management Group now owns 27,824 shares of the airline’s stock worth $354,000 after purchasing an additional 615 shares in the last quarter. State of Michigan Retirement System raised its holdings in shares of American Airlines Group by 0.4% in the 4th quarter. State of Michigan Retirement System now owns 176,605 shares of the airline’s stock valued at $2,246,000 after acquiring an additional 700 shares in the last quarter. Sentry Investment Management LLC raised its holdings in shares of American Airlines Group by 20.7% in the 4th quarter. Sentry Investment Management LLC now owns 4,274 shares of the airline’s stock valued at $54,000 after acquiring an additional 733 shares in the last quarter. Quent Capital LLC raised its holdings in shares of American Airlines Group by 45.8% in the 4th quarter. Quent Capital LLC now owns 2,374 shares of the airline’s stock valued at $30,000 after acquiring an additional 746 shares in the last quarter. Finally, Comerica Bank raised its holdings in shares of American Airlines Group by 0.8% in the 4th quarter. Comerica Bank now owns 91,346 shares of the airline’s stock valued at $1,560,000 after acquiring an additional 760 shares in the last quarter. Institutional investors own 57.06% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. Citigroup lowered their price target on American Airlines Group from $18.50 to $17.50 and set a “neutral” rating on the stock in a report on Sunday, July 23rd. Barclays raised their price target on American Airlines Group from $15.00 to $18.00 and gave the company an “underweight” rating in a report on Thursday, July 13th. The Goldman Sachs Group raised their price target on American Airlines Group from $14.00 to $15.00 in a report on Wednesday, May 31st. Morgan Stanley reaffirmed an “equal weight” rating and issued a $20.00 price target on shares of American Airlines Group in a report on Tuesday. Finally, StockNews.com began coverage on American Airlines Group in a report on Thursday, May 18th. They set a “buy” rating on the stock. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.96.

Insider Transactions at American Airlines Group

In other news, Director Douglas M. Steenland sold 1,950 shares of the firm’s stock in a transaction that occurred on Monday, May 15th. The stock was sold at an average price of $14.10, for a total value of $27,495.00. Following the completion of the transaction, the director now owns 29,736 shares in the company, valued at approximately $419,277.60. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other American Airlines Group news, SVP Angela Owens sold 21,984 shares of American Airlines Group stock in a transaction on Monday, May 1st. The stock was sold at an average price of $13.79, for a total transaction of $303,159.36. Following the completion of the transaction, the senior vice president now owns 59,830 shares in the company, valued at $825,055.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Douglas M. Steenland sold 1,950 shares of American Airlines Group stock in a transaction on Monday, May 15th. The shares were sold at an average price of $14.10, for a total value of $27,495.00. Following the transaction, the director now owns 29,736 shares of the company’s stock, valued at approximately $419,277.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,934 shares of company stock worth $358,414. 0.78% of the stock is currently owned by insiders.

American Airlines Group Price Performance

AAL opened at $16.79 on Friday. The firm has a market cap of $10.97 billion, a price-to-earnings ratio of 4.50 and a beta of 1.56. American Airlines Group Inc. has a 1 year low of $11.65 and a 1 year high of $19.08. The stock’s 50 day simple moving average is $16.56 and its 200 day simple moving average is $15.57.

American Airlines Group (NASDAQ:AAL – Get Free Report) last issued its quarterly earnings data on Thursday, July 20th. The airline reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.33. The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $13.74 billion. American Airlines Group had a negative return on equity of 45.44% and a net margin of 4.98%. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. During the same period last year, the company earned $0.76 EPS. As a group, sell-side analysts anticipate that American Airlines Group Inc. will post 3.34 EPS for the current 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.