Fifth Third Bancorp Sells 2,569 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Fifth Third Bancorp decreased its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 8.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 27,479 shares of the airline’s stock after selling 2,569 shares during the period. Fifth Third Bancorp’s holdings in American Airlines Group were worth $479,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of AAL. American Century Companies Inc. grew its position in shares of American Airlines Group by 2.8% in the second quarter. American Century Companies Inc. now owns 54,178 shares of the airline’s stock valued at $614,000 after purchasing an additional 1,468 shares during the last quarter. Algert Global LLC acquired a new position in American Airlines Group in the 2nd quarter valued at $187,000. Sunbelt Securities Inc. increased its position in American Airlines Group by 8.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline’s stock worth $169,000 after buying an additional 1,126 shares during the period. B. Riley Wealth Advisors Inc. lifted its holdings in shares of American Airlines Group by 32.4% during the second quarter. B. Riley Wealth Advisors Inc. now owns 24,519 shares of the airline’s stock worth $278,000 after buying an additional 6,004 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of American Airlines Group in the second quarter valued at about $359,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Melius upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Monday, January 6th. UBS Group upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Susquehanna increased their price target on American Airlines Group from $14.00 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. TD Cowen raised American Airlines Group from a “hold” rating to a “buy” rating and lifted their price objective for the company from $17.00 to $25.00 in a report on Monday, January 6th. Finally, JPMorgan Chase & Co. upped their target price on American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, American Airlines Group has an average rating of “Moderate Buy” and an average target price of $18.99.

Insider Activity at American Airlines Group

In other news, SVP Angela Owens sold 51,906 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the transaction, the senior vice president now directly owns 112,412 shares of the company’s stock, valued at $1,927,865.80. The trade was a 31.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 2,967,984 shares of the company’s stock, valued at $51,079,004.64. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

American Airlines Group Stock Down 2.5 %

Shares of AAL stock opened at $16.90 on Friday. American Airlines Group Inc. has a twelve month low of $9.07 and a twelve month high of $19.10. The stock’s fifty day simple moving average is $16.88 and its 200 day simple moving average is $13.38. The firm has a market capitalization of $11.11 billion, a P/E ratio of 51.21, a P/E/G ratio of 0.97 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.47. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. As a group, equities research analysts expect that American Airlines Group Inc. will post 1.73 EPS 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.