Neo Ivy Capital Management Trims Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Neo Ivy Capital Management cut its stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 89.7% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,938 shares of the airline's stock after selling 374,554 shares during the period. Neo Ivy Capital Management's holdings in American Airlines Group were worth $482,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in shares of American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline's stock valued at $29,000 after purchasing an additional 911 shares during the last quarter. UMB Bank n.a. lifted its stake in American Airlines Group by 404.3% in the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline's stock valued at $32,000 after buying an additional 2,264 shares during the last quarter. Sentry Investment Management LLC acquired a new stake in shares of American Airlines Group in the second quarter valued at approximately $36,000. ORG Partners LLC purchased a new position in shares of American Airlines Group during the second quarter worth approximately $36,000. Finally, First Command Advisory Services Inc. purchased a new stake in American Airlines Group in the 2nd quarter valued at $43,000. Institutional investors and hedge funds own 52.44% of the company's stock.

American Airlines Group Stock Performance

AAL stock traded down $0.34 during midday trading on Thursday, hitting $17.24. 17,636,500 shares of the stock were exchanged, compared to its average volume of 33,811,711. The stock has a market cap of $11.33 billion, a price-to-earnings ratio of 52.24, a PEG ratio of 0.30 and a beta of 1.41. American Airlines Group Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $18.20. The stock's 50-day moving average price is $13.95 and its 200-day moving average price is $11.93.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, topping the consensus estimate of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The business had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. During the same period in the previous year, the firm earned $0.38 EPS. The business's revenue for the quarter was up 1.2% compared to the same quarter last year. Research analysts anticipate that American Airlines Group Inc. will post 1.53 EPS for the current year.

Analyst Ratings Changes

Several research analysts have issued reports on AAL shares. BNP Paribas raised shares of American Airlines Group to a "hold" rating in a research report on Thursday, September 19th. Redburn Atlantic raised American Airlines Group to a "hold" rating in a report on Tuesday, September 3rd. Citigroup increased their price objective on American Airlines Group from $19.00 to $23.00 and gave the stock a "buy" rating in a research report on Thursday. Barclays boosted their target price on American Airlines Group from $16.00 to $18.00 and gave the company an "equal weight" rating in a report on Friday, December 6th. Finally, TD Cowen lifted their price objective on shares of American Airlines Group from $10.00 to $17.00 and gave the company a "hold" rating in a research report on Friday, December 6th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.99.

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.