Anomaly Capital Management LP Cuts Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Anomaly Capital Management LP cut its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 19.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,405,097 shares of the airline's stock after selling 348,513 shares during the quarter. American Airlines Group comprises 0.7% of Anomaly Capital Management LP's investment portfolio, making the stock its 29th biggest position. Anomaly Capital Management LP owned about 0.21% of American Airlines Group worth $24,491,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of American Airlines Group by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 62,985,524 shares of the airline's stock valued at $1,097,838,000 after purchasing an additional 953,766 shares during the period. Primecap Management Co. CA boosted its holdings in American Airlines Group by 5.0% in the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline's stock valued at $1,049,734,000 after purchasing an additional 2,886,041 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of American Airlines Group by 21.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,280,289 shares of the airline's stock valued at $92,043,000 after buying an additional 943,336 shares during the period. Principal Financial Group Inc. increased its holdings in shares of American Airlines Group by 69.5% during the 4th quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline's stock worth $44,892,000 after buying an additional 1,055,667 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of American Airlines Group during the 4th quarter valued at approximately $40,333,000. Hedge funds and other institutional investors own 52.44% of the company's stock.

American Airlines Group Price Performance

NASDAQ:AAL traded up $0.14 during trading hours on Friday, reaching $9.75. 65,084,738 shares of the company traded hands, compared to its average volume of 38,666,669. American Airlines Group Inc. has a 1-year low of $8.50 and a 1-year high of $19.10. The stock has a market cap of $6.43 billion, a P/E ratio of 8.55, a P/E/G ratio of 0.21 and a beta of 1.17. The firm's 50-day moving average is $11.47 and its 200-day moving average is $14.25.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, beating analysts' consensus estimates of ($0.69) by $0.10. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. The business had revenue of $12.55 billion for the quarter, compared to analyst estimates of $12.71 billion. As a group, research analysts predict that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

Insider Activity

In other news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction on Monday, January 27th. The stock was 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 of the company's stock, valued at $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 Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.49% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Redburn Atlantic raised American Airlines Group from a "neutral" rating to a "buy" rating and raised their target price for the stock from $18.00 to $24.00 in a research note on Wednesday, February 26th. Jefferies Financial Group reissued a "hold" rating and set a $12.00 price objective (down from $20.00) on shares of American Airlines Group in a research report on Tuesday, April 1st. Melius Research raised shares of American Airlines Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. JPMorgan Chase & Co. dropped their price target on shares of American Airlines Group from $30.00 to $26.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Finally, UBS Group decreased their price objective on shares of American Airlines Group from $13.00 to $9.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $16.25.

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.