Nisa Investment Advisors LLC Sells 7,502 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Nisa Investment Advisors LLC cut its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 25.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,563 shares of the airline’s stock after selling 7,502 shares during the quarter. Nisa Investment Advisors LLC’s holdings in American Airlines Group were worth $254,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Beaird Harris Wealth Management LLC raised its holdings in American Airlines Group by 51.3% during the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock worth $36,000 after purchasing an additional 795 shares during the last quarter. Empirical Finance LLC raised its stake in American Airlines Group by 1.4% during the first quarter. Empirical Finance LLC now owns 58,573 shares of the airline’s stock worth $899,000 after buying an additional 797 shares during the last quarter. Blue Trust Inc. lifted its holdings in American Airlines Group by 56.2% in the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after buying an additional 911 shares during the period. Silvercrest Asset Management Group LLC boosted its position in American Airlines Group by 4.4% during the first quarter. Silvercrest Asset Management Group LLC now owns 23,375 shares of the airline’s stock valued at $359,000 after acquiring an additional 978 shares during the last quarter. Finally, CWM LLC grew its holdings in American Airlines Group by 5.2% during the 2nd quarter. CWM LLC now owns 21,540 shares of the airline’s stock worth $244,000 after acquiring an additional 1,059 shares during the period. 52.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have recently issued reports on AAL shares. TD Cowen boosted their price objective on American Airlines Group from $9.00 to $10.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Jefferies Financial Group boosted their price target on American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Wednesday, October 2nd. Sanford C. Bernstein downgraded shares of American Airlines Group from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $18.00 to $12.00 in a research report on Monday, July 22nd. BNP Paribas upgraded shares of American Airlines Group to a “hold” rating in a research report on Thursday, September 19th. Finally, JPMorgan Chase & Co. raised their price target on shares of American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $13.40.

American Airlines Group Stock Up 6.1 %

American Airlines Group stock opened at $14.00 on Thursday. The company has a market capitalization of $9.20 billion, a P/E ratio of 42.42, a P/E/G ratio of 0.24 and a beta of 1.39. The firm has a 50 day moving average price of $11.81 and a 200-day moving average price of $11.77. American Airlines Group Inc. has a twelve month low of $9.07 and a twelve month high of $16.15.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.14. The business had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. American Airlines Group’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.38 earnings per share. Equities analysts expect that American Airlines Group Inc. will post 1.49 EPS 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.