Encompass More Asset Management Has $183,000 Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Encompass More Asset Management trimmed its position in American Airlines Group Inc. (NASDAQ:AAL) by 8.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 10,521 shares of the airline’s stock after selling 930 shares during the period. Encompass More Asset Management’s holdings in American Airlines Group were worth $183,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AAL. Brooklyn Investment Group grew its position in shares of American Airlines Group by 133.1% during the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after buying an additional 909 shares during the period. Blue Trust Inc. grew its holdings in American Airlines Group by 56.2% during the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after acquiring an additional 911 shares during the period. Point72 Hong Kong Ltd acquired a new stake in American Airlines Group during the 3rd quarter worth $55,000. KBC Group NV raised its position in shares of American Airlines Group by 55.8% during the 3rd quarter. KBC Group NV now owns 6,152 shares of the airline’s stock valued at $69,000 after acquiring an additional 2,204 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of American Airlines Group by 44.3% in the 3rd quarter. GAMMA Investing LLC now owns 9,932 shares of the airline’s stock worth $112,000 after purchasing an additional 3,047 shares during the last quarter. 52.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

AAL has been the subject of a number of recent analyst reports. StockNews.com downgraded American Airlines Group from a “buy” rating to a “hold” rating in a report on Tuesday. Raymond James reiterated an “outperform” rating and issued a $23.00 price target (down from $24.00) on shares of American Airlines Group in a research report on Friday. TD Cowen raised shares of American Airlines Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $17.00 to $25.00 in a research note on Monday, January 6th. Seaport Res Ptn upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Finally, UBS Group raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Eight investment analysts have rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $18.99.

Insider Transactions at American Airlines Group

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’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 transaction of $1,763,009.61. Following the sale, the chief executive officer now owns 2,967,984 shares in the company, valued at $51,079,004.64. This represents a 3.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.49% of the company’s stock.

American Airlines Group Stock Performance

NASDAQ AAL opened at $16.96 on Friday. American Airlines Group Inc. has a 52 week low of $9.07 and a 52 week high of $19.10. The stock’s 50 day moving average price is $16.71 and its two-hundred day moving average price is $13.23. The stock has a market capitalization of $11.14 billion, a price-to-earnings ratio of 51.40, a PEG ratio of 0.97 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. On average, equities research analysts forecast that American Airlines Group Inc. will post 1.73 EPS for the current year.

About American Airlines Group

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.