Connor Clark & Lunn Investment Management Ltd. Has $8.46 Million Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

Connor Clark & Lunn Investment Management Ltd. cut its position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 58.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 485,099 shares of the airline's stock after selling 681,957 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned 0.07% of American Airlines Group worth $8,455,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of AAL. Avantax Advisory Services Inc. increased its holdings in shares of American Airlines Group by 4.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 14,751 shares of the airline's stock valued at $257,000 after purchasing an additional 635 shares during the last quarter. Oregon Public Employees Retirement Fund grew its stake in American Airlines Group by 0.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 133,774 shares of the airline's stock valued at $2,332,000 after buying an additional 774 shares during the last quarter. M&T Bank Corp raised its holdings in American Airlines Group by 2.4% in the 4th quarter. M&T Bank Corp now owns 34,525 shares of the airline's stock valued at $602,000 after acquiring an additional 794 shares during the period. Brooklyn Investment Group boosted its holdings in shares of American Airlines Group by 133.1% during the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock worth $28,000 after acquiring an additional 909 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in shares of American Airlines Group by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 19,987 shares of the airline's stock worth $348,000 after acquiring an additional 981 shares during the period. 52.44% of the stock is currently owned by institutional investors and hedge funds.

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American Airlines Group Trading Up 3.7 %

American Airlines Group stock traded up $0.41 during mid-day trading on Wednesday, reaching $11.48. The company had a trading volume of 67,001,081 shares, compared to its average volume of 34,472,367. The business has a fifty day simple moving average of $15.70 and a 200 day simple moving average of $14.47. The company has a market cap of $7.55 billion, a P/E ratio of 10.07, a P/E/G ratio of 0.21 and a beta of 1.27. American Airlines Group Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, beating the consensus estimate 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%. Research analysts forecast that American Airlines Group Inc. will post 2.42 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AAL shares. Morgan Stanley lifted their price target on American Airlines Group from $18.00 to $22.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. Melius raised American Airlines Group from a "hold" rating to a "buy" rating and set a $23.00 target price for the company in a report on Monday, January 6th. Seaport Res Ptn upgraded shares of American Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 5th. UBS Group upgraded shares of American Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. Finally, Evercore ISI boosted their price objective on shares of American Airlines Group to $18.00 and gave the company a "hold" rating in a report on Thursday, January 9th. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $19.30.

Insider Activity at American Airlines Group

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction dated Friday, December 27th. The stock was 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 represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Angela Owens sold 51,906 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the sale, 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 disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

American Airlines Group Company 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.