Edmond DE Rothschild Holding S.A. Sells 274,000 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Edmond DE Rothschild Holding S.A. trimmed its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 90.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,000 shares of the airline’s stock after selling 274,000 shares during the period. Edmond DE Rothschild Holding S.A.’s holdings in American Airlines Group were worth $523,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Primecap Management Co. CA increased its stake in American Airlines Group by 5.0% in the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline’s stock worth $1,049,734,000 after buying an additional 2,886,041 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of American Airlines Group during the fourth quarter worth about $40,333,000. Assenagon Asset Management S.A. bought a new stake in American Airlines Group during the 4th quarter valued at approximately $26,033,000. Point72 DIFC Ltd purchased a new position in American Airlines Group in the 3rd quarter worth approximately $16,490,000. Finally, Toronto Dominion Bank boosted its stake in American Airlines Group by 379.6% in the 3rd quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock worth $18,743,000 after purchasing an additional 1,319,859 shares during the period. Hedge funds and other institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Down 2.4 %

AAL stock opened at $10.30 on Wednesday. American Airlines Group Inc. has a twelve month low of $9.07 and a twelve month high of $19.10. The stock has a market capitalization of $6.77 billion, a price-to-earnings ratio of 9.04, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27. The firm’s fifty day simple moving average is $14.31 and its two-hundred day simple moving average is $14.49.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, beating the consensus estimate of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. As a group, equities research analysts expect that American Airlines Group Inc. will post 2.42 EPS for the current year.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Raymond James reiterated an “outperform” rating and set a $23.00 price objective (down previously from $24.00) on shares of American Airlines Group in a research report on Friday, January 24th. Bank of America reduced their price target on shares of American Airlines Group from $20.00 to $16.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Evercore ISI raised their price objective on American Airlines Group to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 9th. Susquehanna decreased their target price on American Airlines Group from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report 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 for the company in a research note on Monday, January 6th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat.com, American Airlines Group currently has an average rating of “Moderate Buy” and an average price target of $18.90.

Insider Buying and Selling

In related news, SVP Angela Owens sold 51,906 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.15, for a total value of $890,187.90. Following 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.49% of the stock is owned by corporate insiders.

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.