American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by Kentucky Retirement Systems

Kentucky Retirement Systems cut its stake in American Airlines Group Inc. (NASDAQ:AAL) by 5.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 49,687 shares of the airline’s stock after selling 2,603 shares during the quarter. Kentucky Retirement Systems’ holdings in American Airlines Group were worth $763,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of American Airlines Group by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock valued at $1,169,330,000 after buying an additional 806,770 shares in the last quarter. U S Global Investors Inc. lifted its position in shares of American Airlines Group by 18.7% during the 4th quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock valued at $174,159,000 after buying an additional 2,001,247 shares in the last quarter. Par Capital Management Inc. lifted its position in shares of American Airlines Group by 0.4% during the 4th quarter. Par Capital Management Inc. now owns 2,510,600 shares of the airline’s stock valued at $34,496,000 after buying an additional 10,600 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of American Airlines Group by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,153,431 shares of the airline’s stock valued at $29,593,000 after buying an additional 82,537 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of American Airlines Group during the 4th quarter valued at approximately $22,819,000. 52.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AAL. Evercore decreased their target price on American Airlines Group from $13.00 to $10.00 in a research report on Friday. HSBC assumed coverage on American Airlines Group in a report on Monday, May 13th. They issued a “buy” rating and a $17.90 price objective on the stock. Evercore ISI decreased their price objective on American Airlines Group to $10.00 in a report on Friday. Morgan Stanley decreased their price objective on American Airlines Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, June 3rd. Finally, JPMorgan Chase & Co. decreased their price objective on American Airlines Group from $21.00 to $15.00 in a report on Friday. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, American Airlines Group currently has a consensus rating of “Hold” and an average price target of $13.80.

American Airlines Group Price Performance

Shares of NASDAQ:AAL traded down $0.13 during midday trading on Monday, reaching $10.49. 16,201,059 shares of the company’s stock were exchanged, compared to its average volume of 34,528,289. The firm’s 50 day simple moving average is $11.51 and its two-hundred day simple moving average is $13.39. The stock has a market cap of $6.89 billion, a price-to-earnings ratio of 17.60, a P/E/G ratio of 0.36 and a beta of 1.44. American Airlines Group Inc. has a fifty-two week low of $9.76 and a fifty-two week high of $16.87.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.05. The company had revenue of $14.33 billion during the quarter, compared to the consensus estimate of $14.38 billion. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. American Airlines Group’s revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the company posted $1.92 EPS. Equities research analysts predict that American Airlines Group Inc. will post 1.1 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.