Douglas Lane & Associates LLC Sells 51,998 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Douglas Lane & Associates LLC decreased its position in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 60.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 33,911 shares of the airline's stock after selling 51,998 shares during the period. Douglas Lane & Associates LLC's holdings in American Airlines Group were worth $591,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Austin Private Wealth LLC bought a new position in American Airlines Group in the third quarter valued at approximately $723,000. Maverick Capital Ltd. raised its holdings in shares of American Airlines Group by 95.3% during the second quarter. Maverick Capital Ltd. now owns 193,854 shares of the airline's stock worth $2,196,000 after acquiring an additional 94,573 shares during the period. Sei Investments Co. lifted its position in American Airlines Group by 14.7% in the 2nd quarter. Sei Investments Co. now owns 1,199,121 shares of the airline's stock valued at $13,586,000 after acquiring an additional 153,515 shares in the last quarter. U S Global Investors Inc. lifted its position in American Airlines Group by 5.9% in the 3rd quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline's stock valued at $102,151,000 after acquiring an additional 508,119 shares in the last quarter. Finally, Centiva Capital LP boosted its stake in American Airlines Group by 199.9% in the 3rd quarter. Centiva Capital LP now owns 149,304 shares of the airline's stock worth $1,678,000 after purchasing an additional 99,513 shares during the period. Institutional investors and hedge funds own 52.44% of the company's stock.

American Airlines Group Price Performance

American Airlines Group stock traded down $0.09 during mid-day trading on Thursday, hitting $17.60. 23,082,950 shares of the company's stock traded hands, compared to its average volume of 24,648,467. The firm has a 50 day simple moving average of $15.69 and a two-hundred day simple moving average of $12.66. American Airlines Group Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $18.20. The stock has a market cap of $11.57 billion, a price-to-earnings ratio of 53.33, a P/E/G ratio of 0.29 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. American Airlines Group's quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter last year, the company posted $0.38 EPS. On average, research analysts anticipate that American Airlines Group Inc. will post 1.62 earnings per share for the current fiscal year.

Insider Activity

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the business's 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 $51,079,004.64. The trade was a 3.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.49% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of brokerages have recently commented on AAL. Susquehanna boosted their price target on American Airlines Group from $14.00 to $20.00 and gave the company a "neutral" rating in a report on Tuesday. TD Cowen upgraded American Airlines Group from a "hold" rating to a "buy" rating and boosted their target price for the company from $17.00 to $25.00 in a research note on Monday. Melius raised shares of American Airlines Group from a "hold" rating to a "buy" rating and set a $23.00 price target for the company in a research note on Monday. Melius Research upgraded shares of American Airlines Group from a "hold" rating to a "strong-buy" rating in a report on Monday. Finally, Jefferies Financial Group upgraded shares of American Airlines Group from a "hold" rating to a "buy" rating and increased their target price for the stock from $12.00 to $20.00 in a report on Monday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $18.42.

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.