American Airlines Group Inc. $AAL Shares Sold by University of Texas Texas AM Investment Management Co.

University of Texas Texas AM Investment Management Co. reduced its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 56.9% during the third quarter, HoldingsChannel reports. The firm owned 56,096 shares of the airline’s stock after selling 74,031 shares during the quarter. University of Texas Texas AM Investment Management Co.’s holdings in American Airlines Group were worth $750,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Keating Financial Advisory Services Inc. purchased a new position in shares of American Airlines Group during the 2nd quarter valued at approximately $29,000. Fiduciary Financial Advisors bought a new position in shares of American Airlines Group during the second quarter worth about $29,000. Pinnacle Holdings LLC bought a new position in shares of American Airlines Group during the second quarter worth about $30,000. Root Financial Partners LLC acquired a new position in American Airlines Group in the third quarter worth about $53,000. Finally, Fortitude Family Office LLC grew its stake in American Airlines Group by 622.8% in the third quarter. Fortitude Family Office LLC now owns 4,192 shares of the airline’s stock worth $56,000 after purchasing an additional 3,612 shares in the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Performance

American Airlines Group stock opened at $13.18 on Monday. The firm’s 50-day moving average is $12.88 and its 200-day moving average is $13.51. American Airlines Group Inc. has a 1 year low of $10.09 and a 1 year high of $18.79. The company has a market cap of $8.73 billion, a P/E ratio of -18.05 and a beta of 1.45.

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

Analyst Ratings Changes

Several analysts have issued reports on the company. BMO Capital Markets cut their price objective on American Airlines Group from $19.00 to $15.50 and set a “market perform” rating on the stock in a research note on Monday, September 28th. Rothschild & Co Redburn increased their target price on American Airlines Group from $12.50 to $13.50 and gave the stock a “neutral” rating in a report on Friday, September 18th. Zacks Research lowered American Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. Wells Fargo & Company lowered their price target on American Airlines Group from $17.00 to $14.00 and set an “equal weight” rating for the company in a report on Tuesday, October 6th. Finally, Sanford C. Bernstein set a $19.00 price target on American Airlines Group in a report 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 stock. According to MarketBeat.com, American Airlines Group presently has a consensus rating of “Hold” and a consensus price target of $17.28.

American Airlines Group Profile

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.