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

Edmond DE Rothschild Holding S.A. reduced its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 90.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 30,000 shares of the airline’s stock after selling 274,000 shares during the quarter. 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.

Several other institutional investors have also added to or reduced their stakes in AAL. Golden State Wealth Management LLC purchased a new position in shares of American Airlines Group during the fourth quarter valued at about $25,000. Brooklyn Investment Group boosted its position in American Airlines Group by 133.1% during the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after acquiring an additional 909 shares in the last quarter. Bfsg LLC grew its holdings in shares of American Airlines Group by 269.3% during the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock worth $36,000 after acquiring an additional 1,500 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of American Airlines Group in the 4th quarter worth approximately $45,000. Finally, Quent Capital LLC boosted its position in shares of American Airlines Group by 70.2% during the fourth quarter. Quent Capital LLC now owns 3,064 shares of the airline’s stock valued at $53,000 after purchasing an additional 1,264 shares in the last quarter. 52.44% of the stock is currently owned by institutional investors.

American Airlines Group Trading Down 2.4 %

Shares of AAL opened at $10.30 on Wednesday. The firm has a market cap of $6.77 billion, a PE ratio of 9.04, a P/E/G ratio of 0.21 and a beta of 1.27. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $19.10. The firm has a fifty day simple moving average of $14.31 and a two-hundred day simple moving average of $14.49.

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

Insider Activity at American Airlines Group

In related news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction on Monday, January 27th. The stock was sold at an average price of $17.15, for a total transaction of $890,187.90. Following the transaction, the senior vice president now directly owns 112,412 shares in the company, valued at approximately $1,927,865.80. The trade was a 31.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.49% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have commented on AAL shares. JPMorgan Chase & Co. lowered their price objective on American Airlines Group from $30.00 to $26.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Scotiabank raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Thursday, December 5th. Evercore ISI raised their target price on shares of American Airlines Group to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 9th. TD Cowen lifted their target price on shares of American Airlines Group to $26.00 and gave the company a “buy” rating in a report on Thursday, March 13th. Finally, Bank of America cut their price target on American Airlines Group from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Eight research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, American Airlines Group currently has an average rating of “Moderate Buy” and an average target price of $18.90.

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.