American Airlines Group Inc. $AAL Stock Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al lowered its position in American Airlines Group Inc. (NASDAQ:AAL) by 92.6% in the third quarter, HoldingsChannel reports. The fund owned 10,900 shares of the airline’s stock after selling 137,100 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in American Airlines Group were worth $146,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. HB Wealth Management LLC boosted its stake in shares of American Airlines Group by 4.5% during the 1st quarter. HB Wealth Management LLC now owns 20,205 shares of the airline’s stock worth $217,000 after acquiring an additional 871 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its stake in shares of American Airlines Group by 1.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 70,836 shares of the airline’s stock valued at $1,280,000 after purchasing an additional 972 shares in the last quarter. International Assets Investment Management LLC increased its stake in shares of American Airlines Group by 8.2% in the 1st quarter. International Assets Investment Management LLC now owns 12,820 shares of the airline’s stock valued at $143,000 after purchasing an additional 977 shares in the last quarter. Mountain Hill Investment Partners Corp. increased its stake in shares of American Airlines Group by 16.7% in the 3rd quarter. Mountain Hill Investment Partners Corp. now owns 7,000 shares of the airline’s stock valued at $94,000 after purchasing an additional 1,000 shares in the last quarter. Finally, NewEdge Advisors LLC raised its holdings in American Airlines Group by 9.4% in the 2nd quarter. NewEdge Advisors LLC now owns 15,661 shares of the airline’s stock worth $283,000 after purchasing an additional 1,351 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. UBS Group lowered their price target on American Airlines Group from $17.00 to $16.00 and set a “buy” rating on the stock in a research report on Friday, October 16th. Rothschild & Co Redburn raised their price objective on American Airlines Group from $12.50 to $13.50 and gave the company a “neutral” rating in a report on Friday, September 18th. Weiss Ratings cut American Airlines Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Friday, October 23rd. Freedom Broker reduced their target price on American Airlines Group from $18.00 to $17.00 and set a “buy” rating for the company in a research note on Wednesday, October 28th. Finally, Sanford C. Bernstein set a $19.00 target price on American Airlines Group in a research note on Tuesday, October 20th. Nine research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, American Airlines Group currently has a consensus rating of “Hold” and a consensus target price of $17.28.

American Airlines Group Price Performance

AAL stock opened at $13.18 on Monday. The stock has a market capitalization of $8.73 billion, a P/E ratio of -18.05 and a beta of 1.45. The firm has a 50-day simple moving average of $12.88 and a 200-day simple moving average of $13.51. American Airlines Group Inc. has a 52 week low of $10.09 and a 52 week high of $18.79.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, October 22nd. The airline reported ($0.28) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.36) by $0.08. The firm had revenue of $16.34 billion for the quarter, compared to analyst estimates of $16.21 billion. American Airlines Group had a negative net margin of 0.79% and a negative return on equity of 9.11%. American Airlines Group’s quarterly revenue was up 19.3% compared to the same quarter last year. During the same period last year, the company posted ($0.17) EPS. On average, analysts expect that American Airlines Group Inc. will post -1.30 earnings per share for the current year.

About American Airlines Group

American Airlines Group Inc is a holding company whose principal business is operating a global airline through American Airlines and its regional partners. The company provides scheduled passenger and cargo air transportation, along with related services such as loyalty programs and travel offerings.

Its network connects destinations across the United States and serves markets in the Caribbean, Latin America, Europe and the Asia-Pacific region. Regional flights are operated under the American Eagle brand by affiliated carriers.

American Airlines Group was formed in 2013 through the merger of AMR Corporation, the parent of American Airlines, and US Airways Group.