American Airlines Group Inc. (NASDAQ:AAL) CEO Robert D. Isom, Jr. Sells 102,441 Shares

American Airlines Group Inc. (NASDAQ:AAL) CEO Robert D. Isom, Jr. sold 102,441 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The shares were 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 in the company, valued at approximately $51,079,004.64. The trade was a 3.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

American Airlines Group Stock Performance

NASDAQ:AAL traded up $0.27 on Monday, hitting $17.62. 20,423,189 shares of the stock were exchanged, compared to its average volume of 33,212,105. The stock has a market capitalization of $11.58 billion, a price-to-earnings ratio of 53.40, a P/E/G ratio of 0.29 and a beta of 1.41. American Airlines Group Inc. has a 52 week low of $9.07 and a 52 week high of $18.20. The company’s 50-day moving average price is $15.12 and its 200 day moving average price is $12.37.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same period last year, the firm earned $0.38 earnings per share. As a group, equities research analysts predict that American Airlines Group Inc. will post 1.62 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on AAL shares. The Goldman Sachs Group restated a “neutral” rating and set a $15.00 price target on shares of American Airlines Group in a report on Friday, November 15th. Sanford C. Bernstein upgraded American Airlines Group from a “market perform” rating to an “outperform” rating and raised their target price for the company from $14.00 to $24.00 in a report on Tuesday, December 10th. Susquehanna upped their price target on American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. BNP Paribas raised American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. Finally, Barclays upped their target price on American Airlines Group from $16.00 to $18.00 and gave the stock an “equal weight” 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, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.44.

Hedge Funds Weigh In On American Airlines Group

Several hedge funds have recently added to or reduced their stakes in the stock. Primecap Management Co. CA boosted its position in shares of American Airlines Group by 0.8% during the third 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. U S Global Investors Inc. grew its stake in American Airlines Group by 5.9% in the third quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock valued at $102,151,000 after acquiring an additional 508,119 shares during the period. Dimensional Fund Advisors LP raised its position in shares of American Airlines Group by 75.5% during the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock worth $48,047,000 after purchasing an additional 1,823,928 shares during the period. Toronto Dominion Bank lifted its holdings in shares of American Airlines Group by 379.6% during the 3rd quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock valued at $18,743,000 after purchasing an additional 1,319,859 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in American Airlines Group by 107.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock worth $17,084,000 after purchasing an additional 787,671 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

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.