Edmond DE Rothschild Holding S.A. Trims Stake in American Airlines Group Inc. (NASDAQ:AAL)

Edmond DE Rothschild Holding S.A. cut its position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 90.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 30,000 shares of the airline's stock after selling 274,000 shares during the period. Edmond DE Rothschild Holding S.A.'s holdings in American Airlines Group were worth $523,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in AAL. Avantax Advisory Services Inc. raised its position in shares of American Airlines Group by 4.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 14,751 shares of the airline's stock valued at $257,000 after buying an additional 635 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in shares of 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 worth $2,332,000 after purchasing an additional 774 shares during the period. M&T Bank Corp increased its position in shares of American Airlines Group by 2.4% during the 4th quarter. M&T Bank Corp now owns 34,525 shares of the airline's stock valued at $602,000 after purchasing an additional 794 shares during the last quarter. Brooklyn Investment Group lifted its position in American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock worth $28,000 after buying an additional 909 shares during the last quarter. Finally, CIBC Asset Management Inc boosted its stake in 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 buying an additional 981 shares during the period. Hedge funds and other institutional investors own 52.44% of the company's stock.

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Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the stock. Redburn Partners upgraded shares of American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 target price for the company in a report on Wednesday, February 26th. Redburn Atlantic upgraded American Airlines Group from a "neutral" rating to a "buy" rating and boosted their target price for the company from $18.00 to $24.00 in a research report on Wednesday, February 26th. Barclays reduced their price target on American Airlines Group from $18.00 to $16.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 12th. Melius Research upgraded American Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Finally, Melius raised shares of American Airlines Group from a "hold" rating to a "buy" rating and set a $23.00 target price for the company in a research note on Monday, January 6th. Eight analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $18.30.

American Airlines Group Stock Performance

AAL stock traded down $0.09 on Friday, hitting $9.42. 110,150,963 shares of the company's stock were exchanged, compared to its average volume of 36,513,754. The firm has a 50 day moving average price of $13.85 and a two-hundred day moving average price of $14.44. American Airlines Group Inc. has a 12-month low of $8.50 and a 12-month high of $19.10. The stock has a market cap of $6.19 billion, a P/E ratio of 8.26, a price-to-earnings-growth ratio of 0.21 and a beta of 1.17.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. Sell-side analysts expect that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

Insider Transactions at American Airlines Group

In related news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction dated 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 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.49% of the company's stock.

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.