Stratos Wealth Partners LTD. Cuts Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

Stratos Wealth Partners LTD. lessened its position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 76.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 12,723 shares of the airline's stock after selling 40,502 shares during the period. Stratos Wealth Partners LTD.'s holdings in American Airlines Group were worth $222,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Brooklyn Investment Group raised its stake in shares of American Airlines Group by 133.1% during the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock valued at $28,000 after purchasing an additional 909 shares during the period. Blue Trust Inc. raised its stake in shares of American Airlines Group by 56.2% during 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 period. Point72 Hong Kong Ltd bought a new stake in shares of American Airlines Group during the 3rd quarter valued at $55,000. KBC Group NV raised its stake in shares of American Airlines Group by 55.8% during the 3rd quarter. KBC Group NV now owns 6,152 shares of the airline's stock valued at $69,000 after purchasing an additional 2,204 shares during the period. Finally, Heck Capital Advisors LLC bought a new stake in shares of American Airlines Group during the 4th quarter valued at $98,000. Hedge funds and other institutional investors own 52.44% of the company's stock.

American Airlines Group Stock Performance

AAL stock traded up $0.23 during trading on Monday, hitting $15.97. 29,186,229 shares of the company traded hands, compared to its average volume of 33,274,486. The firm has a market capitalization of $10.49 billion, a PE ratio of 14.01, a P/E/G ratio of 0.24 and a beta of 1.35. American Airlines Group Inc. has a 1 year low of $9.07 and a 1 year high of $19.10. The company has a 50-day moving average of $17.23 and a 200-day moving average of $13.94.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.47. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. Sell-side analysts expect that American Airlines Group Inc. will post 2.39 EPS for the current year.

Insider Activity

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the business's stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the transaction, the chief executive officer now directly owns 2,967,984 shares of the company's stock, 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 hyperlink. Also, SVP Angela Owens sold 51,906 shares of the business's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $17.15, for a total value of $890,187.90. Following the transaction, the senior vice president now directly owns 112,412 shares in the company, valued at $1,927,865.80. This trade represents a 31.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on AAL. Seaport Res Ptn upgraded American Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 5th. UBS Group upgraded American Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. TD Cowen upgraded American Airlines Group from a "hold" rating to a "buy" rating and upped their target price for the stock from $17.00 to $25.00 in a research note on Monday, January 6th. Morgan Stanley upped their target price on American Airlines Group from $18.00 to $22.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Finally, Citigroup upped their target price on American Airlines Group from $19.00 to $23.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Seven research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $18.88.

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.