Douglas Lane & Associates LLC Sells 51,998 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Douglas Lane & Associates LLC cut its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 60.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 33,911 shares of the airline’s stock after selling 51,998 shares during the quarter. Douglas Lane & Associates LLC’s holdings in American Airlines Group were worth $591,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of AAL. TD Asset Management Inc boosted its position in shares of American Airlines Group by 149.8% in the 2nd quarter. TD Asset Management Inc now owns 315,006 shares of the airline’s stock worth $3,569,000 after purchasing an additional 188,900 shares during the last quarter. National Bank of Canada FI boosted its holdings in American Airlines Group by 30.9% during the second quarter. National Bank of Canada FI now owns 297,756 shares of the airline’s stock worth $3,287,000 after buying an additional 70,269 shares during the last quarter. Caprock Group LLC acquired a new position in shares of American Airlines Group during the 2nd quarter worth about $145,000. Quest Partners LLC increased its stake in shares of American Airlines Group by 20,943.9% in the 2nd quarter. Quest Partners LLC now owns 17,256 shares of the airline’s stock valued at $196,000 after acquiring an additional 17,174 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of American Airlines Group by 22.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 26,381 shares of the airline’s stock valued at $299,000 after acquiring an additional 4,850 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

Insider Transactions at American Airlines Group

In other news, 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 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. This trade represents 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. 0.49% of the stock is owned by company insiders.

American Airlines Group Stock Performance

Shares of NASDAQ AAL opened at $17.60 on Thursday. The stock has a market capitalization of $11.57 billion, a PE ratio of 53.33, a price-to-earnings-growth ratio of 0.29 and a beta of 1.35. American Airlines Group Inc. has a 52 week low of $9.07 and a 52 week high of $18.20. The stock has a 50 day moving average price of $15.62 and a 200 day moving average price of $12.63.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The business had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.50 billion. During the same period last year, the business earned $0.38 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. As a group, research analysts forecast that American Airlines Group Inc. will post 1.62 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on AAL. Susquehanna increased 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. Evercore ISI raised their price objective on American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research note on Thursday, October 3rd. BNP Paribas raised American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. Morgan Stanley raised their price target on American Airlines Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Finally, TD Cowen upgraded American Airlines Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $17.00 to $25.00 in a research report on Monday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, American Airlines Group presently has an average rating of “Moderate Buy” and an average price target of $18.10.

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.