Fifth Third Bancorp Has $479,000 Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

Fifth Third Bancorp cut its position in American Airlines Group Inc. (NASDAQ:AAL) by 8.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 27,479 shares of the airline’s stock after selling 2,569 shares during the quarter. Fifth Third Bancorp’s holdings in American Airlines Group were worth $479,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. grew its stake in American Airlines Group by 2.8% in the second quarter. American Century Companies Inc. now owns 54,178 shares of the airline’s stock valued at $614,000 after acquiring an additional 1,468 shares during the period. Algert Global LLC acquired a new stake in American Airlines Group in the 2nd quarter valued at $187,000. Sunbelt Securities Inc. increased its stake in American Airlines Group by 8.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline’s stock valued at $169,000 after purchasing an additional 1,126 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in American Airlines Group by 32.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 24,519 shares of the airline’s stock worth $278,000 after buying an additional 6,004 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in shares of American Airlines Group in the second quarter valued at $359,000. 52.44% of the stock is owned by institutional investors.

American Airlines Group Trading Down 2.5 %

Shares of NASDAQ AAL opened at $16.90 on Friday. The firm has a market cap of $11.11 billion, a price-to-earnings ratio of 51.21, a price-to-earnings-growth ratio of 0.97 and a beta of 1.35. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $19.10. The stock has a fifty day simple moving average of $16.88 and a two-hundred day simple moving average of $13.38.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.47. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. Analysts forecast that American Airlines Group Inc. will post 1.73 EPS for the current year.

Insider Buying and Selling at American Airlines Group

In other news, SVP Angela Owens sold 51,906 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the sale, the senior vice president now owns 112,412 shares in the company, valued at approximately $1,927,865.80. This trade represents a 31.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the completion of the transaction, the chief executive officer now owns 2,967,984 shares of the company’s stock, valued at $51,079,004.64. This trade represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

AAL has been the topic of a number of analyst reports. Seaport Res Ptn upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. increased their price objective on American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Evercore ISI lifted their target price on American Airlines Group to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 9th. Scotiabank raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Thursday, December 5th. Finally, Citigroup lifted their price objective on shares of American Airlines Group from $19.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.99.

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.