Empirical Finance LLC Sells 37,243 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Empirical Finance LLC decreased its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 64.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 20,972 shares of the airline's stock after selling 37,243 shares during the quarter. Empirical Finance LLC's holdings in American Airlines Group were worth $366,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in AAL. Golden State Wealth Management LLC bought a new position in shares of American Airlines Group during the 4th quarter worth about $25,000. Brooklyn Investment Group boosted its holdings in American Airlines Group by 133.1% during the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock valued at $28,000 after purchasing an additional 909 shares in the last quarter. Blue Trust Inc. boosted its holdings in American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline's stock valued at $29,000 after purchasing an additional 911 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of American Airlines Group in the 3rd quarter worth approximately $55,000. Finally, KBC Group NV lifted its position in shares of American Airlines Group by 55.8% during the 3rd quarter. KBC Group NV now owns 6,152 shares of the airline's stock worth $69,000 after buying an additional 2,204 shares during the period. 52.44% of the stock is owned by institutional investors.

American Airlines Group Stock Up 1.5 %

Shares of AAL traded up $0.23 on Friday, hitting $15.97. The company's stock had a trading volume of 29,186,229 shares, compared to its average volume of 33,274,486. The firm's fifty day moving average price is $17.25 and its 200-day moving average price is $13.88. American Airlines Group Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $19.10. The firm has a market capitalization of $10.49 billion, a price-to-earnings ratio of 14.01, a P/E/G ratio of 0.24 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings results 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 net margin of 1.56% and a negative return on equity of 28.56%. As a group, equities analysts predict that American Airlines Group Inc. will post 2.39 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AAL shares. TD Cowen upgraded shares of 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, January 6th. Melius Research raised shares of American Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. The Goldman Sachs Group reissued a "neutral" rating and issued a $15.00 target price on shares of American Airlines Group in a report on Friday, November 15th. Sanford C. Bernstein raised American Airlines Group from a "market perform" rating to an "outperform" rating and boosted their price objective for the stock from $14.00 to $24.00 in a research note on Tuesday, December 10th. Finally, Bank of America upgraded American Airlines Group from an "underperform" rating to a "neutral" rating and raised their target price for the company from $12.00 to $20.00 in a research note on Friday, January 17th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, American Airlines Group has a consensus rating of "Moderate Buy" and an average target price of $18.88.

Insider Buying and Selling at American Airlines Group

In other news, SVP Angela Owens sold 51,906 shares of the stock in a transaction dated Monday, January 27th. The shares were 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. This represents a 31.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm'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 transaction, 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 disclosure for this sale can be found here. Company insiders own 0.49% of the company's stock.

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.