Douglas Lane & Associates LLC Has $591,000 Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Douglas Lane & Associates LLC lowered its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 60.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,911 shares of the airline’s stock after selling 51,998 shares during the period. Douglas Lane & Associates LLC’s holdings in American Airlines Group were worth $591,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in AAL. Primecap Management Co. CA increased its position in American Airlines Group by 0.8% during the 3rd quarter. Primecap Management Co. CA now owns 57,339,666 shares of the airline’s stock worth $644,498,000 after buying an additional 458,310 shares during the period. U S Global Investors Inc. raised its stake in American Airlines Group by 5.9% in the 3rd quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock worth $102,151,000 after purchasing an additional 508,119 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in American Airlines Group by 75.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after purchasing an additional 1,823,928 shares during the period. Toronto Dominion Bank grew its position in shares of American Airlines Group by 379.6% during the 3rd quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock worth $18,743,000 after purchasing an additional 1,319,859 shares in the last quarter. Finally, Principal Financial Group Inc. increased its holdings in shares of American Airlines Group by 107.6% during the third quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock worth $17,084,000 after purchasing an additional 787,671 shares during the period. 52.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $17.21, for a total value of $1,763,009.61. Following the completion of the sale, the chief executive officer now owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. This represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AAL shares. Melius upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Monday. Sanford C. Bernstein raised American Airlines Group from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $14.00 to $24.00 in a report on Tuesday, December 10th. UBS Group raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Barclays increased their price objective on shares of American Airlines Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research note on Friday, December 6th. Finally, Susquehanna boosted their target price on shares of American Airlines Group from $14.00 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday. One analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.10.

American Airlines Group Stock Down 0.5 %

Shares of AAL stock opened at $17.60 on Thursday. American Airlines Group Inc. has a twelve month low of $9.07 and a twelve month high of $18.20. The stock’s fifty day simple moving average is $15.62 and its 200 day simple moving average is $12.63. The firm has a market capitalization of $11.57 billion, a P/E ratio of 53.33, a P/E/G ratio of 0.29 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The company had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. During the same quarter in the prior year, the firm posted $0.38 earnings per share. The firm’s revenue was up 1.2% compared to the same quarter last year. As a group, equities research analysts expect that American Airlines Group Inc. will post 1.62 EPS for the current fiscal year.

About American Airlines Group

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.