Lebenthal Global Advisors LLC Has $694,000 Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Lebenthal Global Advisors LLC lessened its stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 40.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,807 shares of the airline's stock after selling 26,531 shares during the period. Lebenthal Global Advisors LLC's holdings in American Airlines Group were worth $694,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP lifted its holdings in shares of American Airlines Group by 75.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline's stock valued at $48,047,000 after purchasing an additional 1,823,928 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in American Airlines Group in the fourth quarter valued at approximately $26,033,000. Point72 DIFC Ltd acquired a new position in shares of American Airlines Group in the third quarter valued at approximately $16,490,000. Toronto Dominion Bank increased its position in shares of American Airlines Group by 379.6% during the third quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline's stock worth $18,743,000 after acquiring an additional 1,319,859 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of American Airlines Group by 10,997.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline's stock worth $13,118,000 after acquiring an additional 1,156,540 shares during the period. 52.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AAL. Barclays increased their target price on American Airlines Group from $16.00 to $18.00 and gave the stock an "equal weight" rating in a report on Friday, December 6th. Melius raised American Airlines Group from a "hold" rating to a "buy" rating and set a $23.00 target price on the stock in a research report on Monday, January 6th. Jefferies Financial Group raised American Airlines Group from a "hold" rating to a "buy" rating and upped their price target for the stock from $12.00 to $20.00 in a research report on Monday, January 6th. StockNews.com upgraded shares of American Airlines Group from a "hold" rating to a "buy" rating in a report on Wednesday. Finally, TD Cowen upgraded shares of American Airlines Group from a "hold" rating to a "buy" rating and increased their target price for the stock from $17.00 to $25.00 in a report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $18.99.

American Airlines Group Stock Performance

AAL traded up $0.02 during trading hours on Friday, reaching $16.92. The company's stock had a trading volume of 29,967,301 shares, compared to its average volume of 33,676,523. The company's 50-day moving average is $16.88 and its 200-day moving average is $13.38. American Airlines Group Inc. has a 52 week low of $9.07 and a 52 week high of $19.10. The firm has a market cap of $11.12 billion, a PE ratio of 14.84, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. Equities analysts anticipate that American Airlines Group Inc. will post 2.39 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction that occurred on 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 directly owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. The trade was a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Angela Owens sold 51,906 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the sale, 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 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.