Northwestern Mutual Wealth Management Co. Cuts Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

Northwestern Mutual Wealth Management Co. trimmed its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 5.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 63,850 shares of the airline’s stock after selling 3,617 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in American Airlines Group were worth $723,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in AAL. Vanguard Group Inc. lifted its holdings in American Airlines Group by 1.1% in the 1st quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock worth $1,169,330,000 after purchasing an additional 806,770 shares in the last quarter. Primecap Management Co. CA raised its position in shares of American Airlines Group by 34.4% during the second quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock valued at $644,466,000 after buying an additional 14,549,310 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of American Airlines Group by 75.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock worth $48,047,000 after buying an additional 1,823,928 shares in the last quarter. Par Capital Management Inc. boosted its position in shares of American Airlines Group by 0.4% during the fourth quarter. Par Capital Management Inc. now owns 2,510,600 shares of the airline’s stock worth $34,496,000 after acquiring an additional 10,600 shares during the last quarter. Finally, Sei Investments Co. grew its stake in American Airlines Group by 14.7% during the second quarter. Sei Investments Co. now owns 1,199,121 shares of the airline’s stock valued at $13,586,000 after acquiring an additional 153,515 shares in the last quarter. Institutional investors own 52.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on AAL. TD Securities decreased their price target on shares of American Airlines Group from $10.00 to $7.00 in a research note on Friday, July 26th. TD Cowen increased their price target on American Airlines Group from $7.00 to $9.00 and gave the company a “hold” rating in a research note on Thursday, October 3rd. Barclays reduced their price objective on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 10th. Evercore ISI increased their target price on American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Finally, Evercore reduced their price target on shares of American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $13.15.

American Airlines Group Trading Up 0.2 %

Shares of NASDAQ:AAL opened at $11.53 on Tuesday. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $16.15. The company has a market capitalization of $7.56 billion, a price-to-earnings ratio of 19.22, a PEG ratio of 0.27 and a beta of 1.43. The firm’s 50-day moving average is $10.55 and its 200 day moving average is $11.96.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The firm had revenue of $14.33 billion for the quarter, compared to analysts’ expectations of $14.38 billion. During the same quarter in the prior year, the firm posted $1.92 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. As a group, equities analysts forecast that American Airlines Group Inc. will post 1.07 EPS for the current fiscal year.

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.