American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by Austin Private Wealth LLC

Austin Private Wealth LLC decreased its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 17.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 53,290 shares of the airline’s stock after selling 10,995 shares during the quarter. Austin Private Wealth LLC’s holdings in American Airlines Group were worth $929,000 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. Brooklyn Investment Group boosted its stake in American Airlines Group by 133.1% in the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after purchasing an additional 909 shares during the period. Blue Trust Inc. boosted 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 buying an additional 911 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of American Airlines Group during the 3rd quarter valued at $55,000. KBC Group NV lifted its stake in shares of American Airlines Group by 55.8% in 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 last quarter. Finally, R Squared Ltd acquired a new stake in shares of American Airlines Group in the 4th quarter valued at $170,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Performance

Shares of American Airlines Group stock opened at $16.92 on Friday. The firm has a market cap of $11.12 billion, a P/E ratio of 14.84, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. American Airlines Group Inc. has a twelve month low of $9.07 and a twelve month high of $19.10. The firm’s 50-day simple moving average is $16.98 and its 200-day simple moving average is $13.44.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (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%. On average, equities analysts forecast that American Airlines Group Inc. will post 2.39 earnings per share for the current fiscal year.

Insider Buying and Selling

In related 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 shares were sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the completion of the sale, the chief executive officer now directly owns 2,967,984 shares of the company’s stock, valued at $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 SEC, which is available at this link. Also, SVP Angela Owens sold 51,906 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president now directly owns 112,412 shares of the company’s stock, valued at approximately $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. 0.49% of the stock is currently owned by insiders.

Analysts Set New Price Targets

AAL has been the topic of several recent analyst reports. Melius upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Monday, January 6th. Jefferies Financial Group upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $12.00 to $20.00 in a report on Monday, January 6th. UBS Group upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Susquehanna lifted their target price on shares of American Airlines Group from $14.00 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Finally, Scotiabank upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 target price on the stock in a report on Thursday, December 5th. 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 company. Based on data from MarketBeat, American Airlines Group presently has an average rating of “Moderate Buy” and a consensus price target of $18.99.

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.