Mutual of America Capital Management LLC Sells 7,791 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Mutual of America Capital Management LLC reduced its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 347,124 shares of the airline’s stock after selling 7,791 shares during the period. Mutual of America Capital Management LLC’s holdings in American Airlines Group were worth $6,050,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in shares of American Airlines Group during the fourth quarter worth about $25,000. Brooklyn Investment Group lifted its stake in shares of American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after acquiring an additional 909 shares during the period. Bfsg LLC lifted its stake in shares of American Airlines Group by 269.3% in the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock worth $36,000 after acquiring an additional 1,500 shares during the period. Quent Capital LLC lifted its stake in shares of American Airlines Group by 70.2% in the fourth quarter. Quent Capital LLC now owns 3,064 shares of the airline’s stock worth $53,000 after acquiring an additional 1,264 shares during the period. Finally, Principal Securities Inc. lifted its stake in shares of American Airlines Group by 139.6% in the fourth quarter. Principal Securities Inc. now owns 3,261 shares of the airline’s stock worth $57,000 after acquiring an additional 1,900 shares during the period. 52.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AAL. Melius Research raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Scotiabank raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Thursday, December 5th. Seaport Res Ptn raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Susquehanna cut their price objective on American Airlines Group from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Finally, Melius raised American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Monday, January 6th. Six research analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $19.70.

American Airlines Group Stock Down 3.3 %

Shares of NASDAQ:AAL opened at $13.87 on Tuesday. American Airlines Group Inc. has a twelve month low of $9.07 and a twelve month high of $19.10. The stock’s 50 day moving average is $16.87 and its 200-day moving average is $14.33. The firm has a market capitalization of $9.12 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 0.21 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, topping 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%. Equities research analysts anticipate that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’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 completion of the transaction, the chief executive officer now owns 2,967,984 shares in the company, valued at $51,079,004.64. This represents a 3.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 112,412 shares of the company’s stock, valued at $1,927,865.80. This trade represents a 31.59 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

About American Airlines Group

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.