Quantinno Capital Management LP lowered its stake in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 28.6% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 573,167 shares of the airline’s stock after selling 229,919 shares during the period. Quantinno Capital Management LP’s holdings in American Airlines Group were worth $6,156,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Two Sigma Investments LP raised its stake in shares of American Airlines Group by 49.1% in the third quarter. Two Sigma Investments LP now owns 13,670,800 shares of the airline’s stock worth $153,660,000 after purchasing an additional 4,500,897 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of American Airlines Group by 1.3% during the fourth quarter. Geode Capital Management LLC now owns 12,803,168 shares of the airline’s stock valued at $196,323,000 after buying an additional 159,844 shares during the last quarter. Renaissance Technologies LLC grew its holdings in American Airlines Group by 569.4% during the first quarter. Renaissance Technologies LLC now owns 9,687,232 shares of the airline’s stock worth $104,041,000 after buying an additional 8,240,100 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in American Airlines Group by 2.2% during the first quarter. Dimensional Fund Advisors LP now owns 7,086,888 shares of the airline’s stock worth $76,098,000 after buying an additional 152,266 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in American Airlines Group by 6.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,483,781 shares of the airline’s stock valued at $99,396,000 after buying an additional 406,393 shares during the last quarter. 52.44% of the stock is owned by institutional investors.
American Airlines Group Trading Up 0.1%
Shares of American Airlines Group stock opened at $16.58 on Thursday. The business’s fifty day simple moving average is $15.69 and its 200 day simple moving average is $13.69. American Airlines Group Inc. has a 12 month low of $10.09 and a 12 month high of $18.79. The firm has a market capitalization of $10.98 billion, a P/E ratio of -33.84 and a beta of 1.34.
Insider Transactions at American Airlines Group
In other American Airlines Group news, COO David Seymour sold 69,343 shares of American Airlines Group stock in a transaction dated Wednesday, June 24th. The shares were sold at an average price of $17.00, for a total value of $1,178,831.00. Following the sale, the chief operating officer owned 1,025,489 shares of the company’s stock, valued at approximately $17,433,313. The trade was a 6.33% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Angela Owens sold 40,077 shares of American Airlines Group stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $15.26, for a total transaction of $611,575.02. Following the completion of the sale, the senior vice president directly owned 178,799 shares in the company, valued at approximately $2,728,472.74. This represents a 18.31% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 205,044 shares of company stock worth $3,407,451 over the last three months. 0.70% of the stock is owned by insiders.
Analysts Set New Price Targets
AAL has been the topic of several recent analyst reports. Citigroup dropped their price objective on American Airlines Group from $22.00 to $19.00 and set a “buy” rating on the stock in a research note on Friday, July 24th. JPMorgan Chase & Co. upped their target price on shares of American Airlines Group from $22.00 to $24.00 and gave the stock an “overweight” rating in a research note on Friday, July 24th. Sanford C. Bernstein increased their target price on shares of American Airlines Group from $20.00 to $23.00 and gave the company a “market outperform” rating in a report on Wednesday, July 1st. Jefferies Financial Group raised their price target on shares of American Airlines Group from $15.00 to $16.00 and gave the company a “hold” rating in a research report on Wednesday, June 24th. Finally, The Goldman Sachs Group reduced their price objective on shares of American Airlines Group from $15.00 to $13.00 and set a “sell” rating for the company in a research report on Friday, July 24th. One research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.03.
Read Our Latest Stock Analysis on American Airlines Group
American Airlines Group Company Profile
American Airlines Group Inc is a leading global airline holding company headquartered in Fort Worth, Texas. Formed in December 2013 through the merger of AMR Corporation (parent of American Airlines) and US Airways Group, the company operates one of the world’s largest passenger and cargo networks. Its subsidiaries include American Airlines, which provides mainline service, and American Eagle, a network of regional carriers operating short- and medium-haul routes on behalf of the mainline carrier.
The company offers scheduled air transportation for passengers and cargo to more than 350 destinations in over 50 countries.
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