1 week Ago By ABMN Staff
Pictet Asset Management Holding SA reduced its position in shares of American Airlines Group Inc. ( NASDAQ:AAL – Free Report ) by 11.9% in the 4th quarter, Holdings Channel.
com reports. The institutional investor owned 39,621 shares of the airline’s stock after selling 5,371 shares during the period. Pictet Asset Management Holding SA’s holdings in American Airlines Group were worth $691,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in American Airlines Group during the fourth quarter worth about $25,000. Brooklyn Investment Group boosted its holdings in shares of American Airlines Group by 133.
1% during the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after purchasing an additional 909 shares during the last quarter. Bfsg LLC grew its position in shares of American Airlines Group by 269.
3% in the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock valued at $36,000 after purchasing an additional 1,500 shares in the last quarter. Harvest Fund Management Co.
Ltd acquired a new stake in shares of American Airlines Group in the fourth quarter valued at approximately $45,000. Finally, Quent Capital LLC lifted its position in American Airlines Group by 70.2% during the fourth quarter.
Quent Capital LLC now owns 3,064 shares of the airline’s stock worth $53,000 after buying an additional 1,264 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.
Analysts Set New Price Targets AAL has been the subject of several analyst reports. Raymond James dropped their target price on American Airlines Group from $23.00 to $15.
00 and set an “outperform” rating for the company in a report on Wednesday, April 2nd. Melius upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Monday, January 6th.
Citigroup decreased their target price on shares of American Airlines Group from $21.50 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th.
Sanford C. Bernstein upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $14.00 to $24.
00 in a report on Tuesday, December 10th. Finally, Redburn Partners upgraded American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Wednesday, February 26th.
Nine equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, American Airlines Group currently has an average rating of “Moderate Buy” and an average price target of $17.
55. Insider Buying and Selling at American Airlines Group In related news, SVP Angela Owens sold 51,906 shares of the business’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 completion of the transaction, the senior vice president now owns 112,412 shares in the company, valued at approximately $1,927,865.
80. The trade was a 31.59 % decrease in their ownership of the stock.
The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website . Insiders own 0.49% of the company’s stock.
American Airlines Group Trading Up 2.6 % NASDAQ:AAL opened at $9.71 on Tuesday.
American Airlines Group Inc. has a 12-month low of $8.50 and a 12-month high of $19.
10. The firm has a market cap of $6.39 billion, a PE ratio of 8.
52, a price-to-earnings-growth ratio of 0.21 and a beta of 1.17.
The stock has a fifty day moving average price of $13.70 and a 200 day moving average price of $14.46.
American Airlines Group ( NASDAQ:AAL – Get Free Report ) last announced its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.
39 by $0.47. American Airlines Group had a negative return on equity of 28.
56% and a net margin of 1.56%. Equities analysts forecast that American Airlines Group Inc.
will post 2.42 EPS for the current year. American Airlines Group Profile ( Free Report ) 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. Read More Want to see what other hedge funds are holding AAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Airlines Group Inc.
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