American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lessened its holdings in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 24.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 146,487 shares of the airline's stock after selling 47,791 shares during the quarter. State of New Jersey Common Pension Fund D's holdings in American Airlines Group were worth $2,553,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in AAL. Primecap Management Co. CA boosted its stake in American Airlines Group by 0.8% in the 3rd quarter. Primecap Management Co. CA now owns 57,339,666 shares of the airline's stock worth $644,498,000 after purchasing an additional 458,310 shares in the last quarter. Toronto Dominion Bank lifted its stake in shares of American Airlines Group by 379.6% in the third quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline's stock worth $18,743,000 after buying an additional 1,319,859 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of American Airlines Group by 107.6% during the third quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline's stock valued at $17,084,000 after buying an additional 787,671 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of American Airlines Group during the fourth quarter valued at approximately $26,033,000. Finally, Point72 DIFC Ltd purchased a new position in American Airlines Group in the 3rd quarter worth approximately $16,490,000. Institutional investors own 52.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on AAL. Seaport Res Ptn raised American Airlines Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 5th. Jefferies Financial Group raised American Airlines Group from a "hold" rating to a "buy" rating and boosted their target price for the stock from $12.00 to $20.00 in a research report on Monday, January 6th. StockNews.com raised shares of American Airlines Group from a "hold" rating to a "buy" rating in a report on Wednesday, January 29th. Evercore ISI boosted their price objective on shares of American Airlines Group to $18.00 and gave the company a "hold" rating in a report on Thursday, January 9th. Finally, The Goldman Sachs Group restated a "neutral" rating and issued a $15.00 price target on shares of American Airlines Group in a research note on Friday, November 15th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, American Airlines Group currently has an average rating of "Moderate Buy" and a consensus target price of $18.88.

American Airlines Group Stock Performance

American Airlines Group stock traded down $0.63 during midday trading on Friday, hitting $15.23. 55,640,754 shares of the company's stock were exchanged, compared to its average volume of 32,485,756. The company has a market cap of $10.01 billion, a PE ratio of 13.36, a P/E/G ratio of 0.22 and a beta of 1.35. The firm has a 50-day moving average of $17.11 and a two-hundred day moving average of $14.06. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 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%. As a group, equities analysts expect that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

Insider Activity at American Airlines Group

In other news, SVP Angela Owens sold 51,906 shares of the stock in a transaction on 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 owns 112,412 shares in the company, valued at approximately $1,927,865.80. This represents a 31.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the business's stock in a transaction on Friday, December 27th. The stock was sold at an average price of $17.21, for a total value of $1,763,009.61. Following the transaction, the chief executive officer now owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. This trade represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

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.