Natixis Trims Position in American Airlines Group Inc. (NASDAQ:AAL)

Natixis lessened its position in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 28.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 336,844 shares of the airline's stock after selling 132,334 shares during the quarter. Natixis owned approximately 0.05% of American Airlines Group worth $5,871,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Golden State Wealth Management LLC purchased a new stake in shares of American Airlines Group in the fourth quarter worth $25,000. Brooklyn Investment Group lifted its stake in shares of 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 in the last quarter. Bfsg LLC increased its position in shares of American Airlines Group by 269.3% during the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline's stock valued at $36,000 after acquiring an additional 1,500 shares in the last quarter. Bernard Wealth Management Corp. purchased a new position in American Airlines Group in the 4th quarter worth approximately $42,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in American Airlines Group during the 4th quarter valued at $45,000. 52.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at American Airlines Group

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of the firm's stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.15, for a total value 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. This trade represents a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.49% of the stock is currently owned by insiders.

American Airlines Group Trading Up 1.5 %

AAL traded up $0.14 during trading hours on Friday, hitting $9.75. The company's stock had a trading volume of 65,066,284 shares, compared to its average volume of 38,736,377. American Airlines Group Inc. has a 12 month low of $8.50 and a 12 month high of $19.10. The business's 50-day moving average price is $11.59 and its 200-day moving average price is $14.23. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 8.55, a P/E/G ratio of 0.21 and a beta of 1.17.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its earnings results on Thursday, April 24th. The airline reported ($0.59) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.69) by $0.10. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. The firm had revenue of $12.55 billion for the quarter, compared to analysts' expectations of $12.71 billion. On average, analysts forecast that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research firms recently commented on AAL. UBS Group reduced their price objective on American Airlines Group from $13.00 to $9.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Barclays decreased their target price on shares of American Airlines Group from $16.00 to $11.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Evercore ISI lifted their price objective on American Airlines Group to $18.00 and gave the stock a "hold" rating in a report on Thursday, January 9th. Redburn Atlantic raised shares of American Airlines Group from a "neutral" rating to a "buy" rating and upped their target price for the company from $18.00 to $24.00 in a report on Wednesday, February 26th. Finally, Melius Research raised shares of American Airlines Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $16.25.

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.