American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by Signaturefd LLC

Signaturefd LLC decreased its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 23.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,238 shares of the airline’s stock after selling 2,232 shares during the period. Signaturefd LLC’s holdings in American Airlines Group were worth $81,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of AAL. Primecap Management Co. CA lifted its position in shares of American Airlines Group by 34.4% during the second quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock worth $644,466,000 after purchasing an additional 14,549,310 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of American Airlines Group by 75.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock worth $48,047,000 after purchasing an additional 1,823,928 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of American Airlines Group by 743.1% during the third quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline’s stock worth $14,013,000 after purchasing an additional 1,098,865 shares during the last quarter. Vanguard Group Inc. lifted its holdings in American Airlines Group by 1.1% in the first quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock worth $1,169,330,000 after acquiring an additional 806,770 shares during the last quarter. Finally, Envestnet Asset Management Inc. lifted its holdings in American Airlines Group by 1,432.3% in the second quarter. Envestnet Asset Management Inc. now owns 597,368 shares of the airline’s stock worth $6,768,000 after acquiring an additional 558,384 shares during the last quarter. Institutional investors own 52.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on AAL. Evercore ISI raised their target price on shares of American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a report on Thursday, October 3rd. Bank of America raised their target price on shares of American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a report on Friday, October 25th. TD Securities cut their target price on shares of American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. Sanford C. Bernstein cut shares of American Airlines Group from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $18.00 to $12.00 in a report on Monday, July 22nd. Finally, Susquehanna raised their price target on shares of American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Two analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, American Airlines Group presently has a consensus rating of “Hold” and an average price target of $13.40.

American Airlines Group Price Performance

NASDAQ AAL opened at $13.82 on Wednesday. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $16.15. The firm has a market capitalization of $9.08 billion, a PE ratio of 41.88, a P/E/G ratio of 0.26 and a beta of 1.43. The company’s 50 day simple moving average is $11.35 and its 200 day simple moving average is $11.75.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. During the same period last year, the firm posted $0.38 earnings per share. Sell-side analysts anticipate that American Airlines Group Inc. will post 1.22 earnings per share for the current fiscal year.

American Airlines Group Company Profile

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.