Rhumbline Advisers Reduces Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Rhumbline Advisers decreased its position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,718,926 shares of the airline's stock after selling 51,877 shares during the period. Rhumbline Advisers owned approximately 0.26% of American Airlines Group worth $29,961,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in AAL. Golden State Wealth Management LLC purchased a new position in shares of American Airlines Group in the 4th quarter worth approximately $25,000. Brooklyn Investment Group lifted its position in American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock worth $28,000 after buying an additional 909 shares during the last quarter. Blue Trust Inc. boosted its stake in American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline's stock worth $29,000 after buying an additional 911 shares during the period. Quent Capital LLC increased 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 valued at $53,000 after acquiring an additional 1,264 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of American Airlines Group in the third quarter valued at $55,000. 52.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AAL has been the subject of a number of recent analyst reports. Raymond James reaffirmed an "outperform" rating and set a $23.00 price target (down from $24.00) on shares of American Airlines Group in a research note on Friday, January 24th. Melius Research upgraded American Airlines Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Sanford C. Bernstein raised American Airlines Group from a "market perform" rating to an "outperform" rating and upped their target price for the company from $14.00 to $24.00 in a research note on Tuesday, December 10th. Seaport Res Ptn raised American Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 5th. Finally, Morgan Stanley upped their price objective on American Airlines Group from $18.00 to $22.00 and gave the company an "overweight" rating in a research report on Wednesday, December 11th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, American Airlines Group has an average rating of "Moderate Buy" and an average price target of $18.88.

American Airlines Group Stock Down 4.0 %

AAL stock traded down $0.63 during trading on Friday, hitting $15.23. 55,640,277 shares of the company's stock traded hands, compared to its average volume of 32,483,092. The firm has a market capitalization of $10.01 billion, a P/E ratio of 13.36, a PEG ratio of 0.22 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 business has a fifty day simple moving average of $17.14 and a two-hundred day simple moving average of $14.01.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts predict that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

Insider Buying and Selling at American Airlines Group

In related news, SVP Angela Owens sold 51,906 shares of the company's stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.15, for a total transaction of $890,187.90. Following the transaction, the senior vice president now directly owns 112,412 shares of the company's stock, valued at $1,927,865.80. This represents a 31.59 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction dated Friday, December 27th. The shares were 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 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.

American Airlines Group 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.