Axa Trims Position in American Airlines Group Inc (AAL)

Axa lessened its stake in American Airlines Group Inc (NASDAQ:AAL) by 86.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 16,292 shares of the airline’s stock after selling 101,400 shares during the period. Axa’s holdings in American Airlines Group were worth $848,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Ameriprise Financial Inc. lifted its stake in American Airlines Group by 162.3% during the third quarter. Ameriprise Financial Inc. now owns 912,485 shares of the airline’s stock worth $43,332,000 after purchasing an additional 564,627 shares during the period. RWC Asset Management LLP lifted its stake in American Airlines Group by 36.8% during the fourth quarter. RWC Asset Management LLP now owns 1,445,910 shares of the airline’s stock worth $75,231,000 after purchasing an additional 388,765 shares during the period. Russell Investments Group Ltd. lifted its stake in American Airlines Group by 187.6% during the third quarter. Russell Investments Group Ltd. now owns 522,582 shares of the airline’s stock worth $24,818,000 after purchasing an additional 340,884 shares during the period. Teachers Retirement System of The State of Kentucky lifted its stake in American Airlines Group by 508.1% during the third quarter. Teachers Retirement System of The State of Kentucky now owns 341,929 shares of the airline’s stock worth $16,238,000 after purchasing an additional 285,700 shares during the period. Finally, Gendell Jeffrey L lifted its stake in American Airlines Group by 18.7% during the fourth quarter. Gendell Jeffrey L now owns 1,772,696 shares of the airline’s stock worth $92,233,000 after purchasing an additional 278,943 shares during the period. Institutional investors and hedge funds own 80.52% of the company’s stock.

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Shares of AAL stock opened at $51.01 on Friday. The company has a quick ratio of 0.52, a current ratio of 0.61 and a debt-to-equity ratio of 5.73. The firm has a market cap of $25,592.07, a P/E ratio of 13.05, a P/E/G ratio of 0.48 and a beta of 0.93. American Airlines Group Inc has a fifty-two week low of $40.56 and a fifty-two week high of $59.08.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, January 25th. The airline reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.03. The business had revenue of $10.60 billion during the quarter, compared to analyst estimates of $10.59 billion. American Airlines Group had a net margin of 4.55% and a return on equity of 63.78%. American Airlines Group’s revenue for the quarter was up 8.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.92 earnings per share. research analysts expect that American Airlines Group Inc will post 5.93 EPS for the current year.

In other American Airlines Group news, CEO W Douglas Parker sold 224,572 shares of American Airlines Group stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $52.32, for a total transaction of $11,749,607.04. Following the completion of the sale, the chief executive officer now owns 1,925,242 shares of the company’s stock, valued at approximately $100,728,661.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Derek J. Kerr sold 39,662 shares of American Airlines Group stock in a transaction on Monday, January 29th. The stock was sold at an average price of $52.77, for a total transaction of $2,092,963.74. Following the sale, the vice president now directly owns 429,046 shares of the company’s stock, valued at approximately $22,640,757.42. The disclosure for this sale can be found here. In the last three months, insiders sold 302,416 shares of company stock valued at $15,826,647. 0.64% of the stock is currently owned by company insiders.

Several analysts have recently weighed in on AAL shares. BidaskClub raised shares of American Airlines Group from a “hold” rating to a “buy” rating in a report on Wednesday, December 27th. Bank of America raised shares of American Airlines Group from an “underperform” rating to a “buy” rating and set a $64.00 price objective for the company in a report on Tuesday, January 9th. Stephens reaffirmed a “hold” rating and set a $62.00 price objective on shares of American Airlines Group in a report on Wednesday, January 10th. Citigroup raised their price objective on shares of American Airlines Group to $65.00 and gave the stock a “buy” rating in a report on Thursday, January 11th. Finally, Imperial Capital reaffirmed an “in-line” rating and set a $53.00 price objective (up previously from $47.00) on shares of American Airlines Group in a report on Thursday, January 11th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company. American Airlines Group presently has a consensus rating of “Buy” and an average target price of $61.74.

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American Airlines Group Profile

American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.

Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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