New York State Teachers Retirement System Trims Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

New York State Teachers Retirement System cut its stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 629,831 shares of the airline's stock after selling 41,279 shares during the period. New York State Teachers Retirement System owned 0.10% of American Airlines Group worth $10,978,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of AAL. Quent Capital LLC increased its holdings in American Airlines Group by 70.2% during the 4th quarter. Quent Capital LLC now owns 3,064 shares of the airline's stock worth $53,000 after acquiring an additional 1,264 shares during the period. Entropy Technologies LP purchased a new position in shares of American Airlines Group during the 4th quarter valued at $407,000. Golden State Wealth Management LLC bought a new position in shares of American Airlines Group in the fourth quarter worth $25,000. Heck Capital Advisors LLC purchased a new stake in shares of American Airlines Group in the fourth quarter worth $98,000. Finally, R Squared Ltd bought a new stake in American Airlines Group during the fourth quarter valued at $170,000. 52.44% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at American Airlines Group

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company's stock in a transaction 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 transaction, the chief executive officer now directly owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. This represents a 3.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Angela Owens sold 51,906 shares of the firm's 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 directly owns 112,412 shares of the company's stock, valued at approximately $1,927,865.80. This represents a 31.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the company. Melius upgraded American Airlines Group from a "hold" rating to a "buy" rating and set a $23.00 target price on the stock in a research note on Monday, January 6th. Scotiabank upgraded shares of American Airlines Group from a "neutral" rating to a "buy" rating and set a $20.00 price objective on the stock in a research report on Thursday, December 5th. Evercore ISI raised their target price on shares of American Airlines Group to $18.00 and gave the company a "hold" rating in a research note on Thursday, January 9th. UBS Group raised shares of American Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. Finally, Bank of America upgraded shares of American Airlines Group from an "underperform" rating to a "neutral" rating and raised their price objective for the company from $12.00 to $20.00 in a research report on Friday, January 17th. Seven investment 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 company. According to MarketBeat, American Airlines Group currently has an average rating of "Moderate Buy" and a consensus price target of $18.88.

American Airlines Group Trading Down 4.0 %

AAL stock traded down $0.63 during midday trading on Friday, hitting $15.23. The company had a trading volume of 55,640,754 shares, compared to its average volume of 32,485,756. American Airlines Group Inc. has a 52 week low of $9.07 and a 52 week high of $19.10. The stock has a market cap of $10.01 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 0.22 and a beta of 1.35. The stock's 50 day moving average price is $17.11 and its 200 day moving average price is $14.06.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, beating 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%. Analysts predict that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

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.