American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 76.9% in the 3rd quarter, HoldingsChannel reports. The firm owned 7,496 shares of the airline’s stock after selling 24,994 shares during the period. Allspring Global Investments Holdings LLC’s holdings in American Airlines Group were worth $84,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AAL. Blue Trust Inc. boosted its position in shares of American Airlines Group by 56.2% in 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. UMB Bank n.a. raised its stake in shares of American Airlines Group by 404.3% during the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock worth $32,000 after buying an additional 2,264 shares in the last quarter. Beaird Harris Wealth Management LLC increased its stake in American Airlines Group by 51.3% in the 1st quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after purchasing an additional 795 shares in the last quarter. ORG Partners LLC purchased a new position in American Airlines Group in the 2nd quarter valued at approximately $36,000. Finally, Sentry Investment Management LLC purchased a new position in American Airlines Group in the 2nd quarter valued at approximately $36,000. 52.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. TD Securities lowered their target price on American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. TD Cowen lifted their target price on American Airlines Group from $9.00 to $10.00 and gave the company a “hold” rating in a report on Friday, October 25th. Bank of America lifted their target price on American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a report on Friday, October 25th. Redburn Atlantic raised American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. Finally, BNP Paribas raised American Airlines Group to a “hold” rating in a research report on Thursday, September 19th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, American Airlines Group currently has a consensus rating of “Hold” and an average price target of $13.40.

American Airlines Group Trading Down 4.1 %

Shares of NASDAQ AAL opened at $12.99 on Tuesday. The stock has a 50 day simple moving average of $11.67 and a 200-day simple moving average of $11.76. The company has a market cap of $8.54 billion, a PE ratio of 39.36, a P/E/G ratio of 0.24 and a beta of 1.39. American Airlines Group Inc. has a 12-month low of $9.07 and a 12-month high of $16.15.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, topping the consensus estimate of $0.16 by $0.14. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The firm had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. During the same quarter in the previous year, the company earned $0.38 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. Sell-side analysts forecast that American Airlines Group Inc. will post 1.49 earnings per share for the current fiscal year.

American Airlines Group 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.