Landscape Capital Management L.L.C. lowered its holdings in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 46.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 318,338 shares of the airline's stock after selling 279,511 shares during the quarter. American Airlines Group accounts for about 0.6% of Landscape Capital Management L.L.C.'s investment portfolio, making the stock its 18th biggest position. Landscape Capital Management L.L.C.'s holdings in American Airlines Group were worth $5,549,000 as of its most recent SEC filing.
Other hedge funds have also recently added to or reduced their stakes in the company. Primecap Management Co. CA increased its position in shares of American Airlines Group by 5.0% during the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline's stock worth $1,049,734,000 after purchasing an additional 2,886,041 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in shares of American Airlines Group during the fourth quarter worth approximately $40,333,000. Assenagon Asset Management S.A. bought a new position in shares of American Airlines Group in the fourth quarter valued at approximately $26,033,000. Toronto Dominion Bank boosted its holdings in shares of American Airlines Group by 379.6% in the 3rd quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline's stock worth $18,743,000 after acquiring an additional 1,319,859 shares in the last quarter. Finally, Norges Bank bought a new stake in American Airlines Group during the 4th quarter worth approximately $20,696,000. Institutional investors and hedge funds own 52.44% of the company's stock.
Insider Buying and Selling at American Airlines Group
In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $17.15, for a total value of $890,187.90. Following the completion of the sale, the senior vice president now owns 112,412 shares in the company, valued at $1,927,865.80. This trade represents a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.49% of the company's stock.
American Airlines Group Price Performance
NASDAQ:AAL traded up $0.16 during trading hours on Wednesday, reaching $9.23. 34,024,769 shares of the stock were exchanged, compared to its average volume of 36,870,425. The stock has a market cap of $6.07 billion, a PE ratio of 8.14, a PEG ratio of 0.21 and a beta of 1.17. American Airlines Group Inc. has a twelve month low of $8.50 and a twelve month high of $19.10. The firm has a 50 day moving average of $13.37 and a 200 day moving average of $14.41.
American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. Equities research analysts anticipate that American Airlines Group Inc. will post 2.42 earnings per share for the current year.
Wall Street Analyst Weigh In
Several analysts have recently commented on the company. Sanford C. Bernstein upgraded 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 reduced their target price on shares of American Airlines Group from $13.00 to $9.00 and set a "neutral" rating on the stock in a research report on Monday. Morgan Stanley raised their price target on shares of American Airlines Group from $18.00 to $22.00 and gave the company an "overweight" rating in a report on Wednesday, December 11th. The Goldman Sachs Group downgraded American Airlines Group from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $16.00 to $8.00 in a report on Tuesday. Finally, Melius Research raised American Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $16.95.
Check Out Our Latest Analysis on American Airlines Group
About American Airlines Group
(
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.
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