American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by CIBC Asset Management Inc

CIBC Asset Management Inc trimmed its position in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 77.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 19,006 shares of the airline's stock after selling 65,620 shares during the period. CIBC Asset Management Inc's holdings in American Airlines Group were worth $214,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of AAL. Price T Rowe Associates Inc. MD raised its position in shares of American Airlines Group by 1.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 876,505 shares of the airline's stock valued at $13,455,000 after buying an additional 9,857 shares during the last quarter. Beaird Harris Wealth Management LLC lifted its stake in American Airlines Group by 51.3% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline's stock worth $36,000 after purchasing an additional 795 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its holdings in shares of American Airlines Group by 4.4% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 23,375 shares of the airline's stock worth $359,000 after purchasing an additional 978 shares during the last quarter. B. Riley Wealth Advisors Inc. grew its position in shares of American Airlines Group by 7.7% in the first quarter. B. Riley Wealth Advisors Inc. now owns 18,515 shares of the airline's stock valued at $284,000 after purchasing an additional 1,329 shares in the last quarter. Finally, LBP AM SA acquired a new stake in shares of American Airlines Group in the first quarter valued at approximately $2,531,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group Stock Performance

Shares of AAL opened at $14.38 on Friday. The stock has a 50-day simple moving average of $12.55 and a 200-day simple moving average of $11.80. American Airlines Group Inc. has a 1 year low of $9.07 and a 1 year high of $16.15. The stock has a market capitalization of $9.45 billion, a PE ratio of 43.58, a PEG ratio of 0.26 and a beta of 1.39.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, topping the consensus estimate of $0.16 by $0.14. The company had revenue of $13.65 billion during the quarter, compared to analysts' expectations of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The firm's revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 EPS. Analysts predict that American Airlines Group Inc. will post 1.49 EPS for the current year.

Wall Street Analyst Weigh In

AAL has been the subject of several analyst reports. BNP Paribas upgraded American Airlines Group to a "hold" rating in a report on Thursday, September 19th. JPMorgan Chase & Co. upped their price objective on shares of American Airlines Group from $15.00 to $20.00 and gave the company an "overweight" rating in a report on Friday, October 25th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $15.00 target price on shares of American Airlines Group in a report on Friday, November 15th. Jefferies Financial Group raised their price target on shares of American Airlines Group from $10.00 to $11.00 and gave the stock a "hold" rating in a report on Wednesday, October 2nd. Finally, TD Securities decreased their price objective on American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $13.96.

About American Airlines Group

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.