American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by Cerity Partners LLC

Cerity Partners LLC cut its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 52.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 38,416 shares of the airline's stock after selling 41,715 shares during the period. Cerity Partners LLC's holdings in American Airlines Group were worth $670,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in AAL. Vanguard Group Inc. grew its holdings in shares of American Airlines Group by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 62,985,524 shares of the airline's stock worth $1,097,838,000 after buying an additional 953,766 shares in the last quarter. Primecap Management Co. CA grew its stake in 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 valued at $1,049,734,000 after acquiring an additional 2,886,041 shares in the last quarter. Principal Financial Group Inc. raised its holdings in American Airlines Group by 69.5% in the 4th quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline's stock valued at $44,892,000 after acquiring an additional 1,055,667 shares during the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of American Airlines Group during the 4th quarter worth approximately $40,333,000. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of American Airlines Group in the fourth quarter valued at approximately $26,033,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Stock Performance

NASDAQ:AAL traded up $0.29 during trading hours on Thursday, hitting $9.61. The company's stock had a trading volume of 56,367,864 shares, compared to its average volume of 38,604,436. The company has a market capitalization of $6.32 billion, a PE ratio of 8.41, a PEG ratio of 0.21 and a beta of 1.17. American Airlines Group Inc. has a 52-week low of $8.50 and a 52-week high of $19.10. The business's 50-day moving average is $11.72 and its two-hundred day moving average is $14.24.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its earnings results on Thursday, April 24th. The airline reported ($0.59) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.50) by ($0.09). American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. As a group, analysts predict that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

Insider Activity

In related news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction that occurred on Monday, January 27th. The stock was 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 directly owns 112,412 shares in the company, valued at $1,927,865.80. The trade was a 31.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.49% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. Jefferies Financial Group reiterated a "hold" rating and set a $12.00 price target (down previously from $20.00) on shares of American Airlines Group in a report on Tuesday, April 1st. Redburn Atlantic upgraded American Airlines Group from a "neutral" rating to a "buy" rating and upped their price target for the stock from $18.00 to $24.00 in a research note on Wednesday, February 26th. Barclays decreased their target price on American Airlines Group from $16.00 to $11.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. StockNews.com lowered shares of American Airlines Group from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. Finally, Bank of America dropped their price objective on American Airlines Group from $16.00 to $12.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $16.95.

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.