American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC decreased its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 3.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,329 shares of the airline’s stock after selling 1,216 shares during the period. Allspring Global Investments Holdings LLC’s holdings in American Airlines Group were worth $444,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in AAL. Gables Capital Management Inc. raised its holdings in American Airlines Group by 100.0% during the third quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock worth $26,000 after purchasing an additional 1,000 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in American Airlines Group during the third quarter worth approximately $33,000. Cullen Frost Bankers Inc. boosted its position in American Airlines Group by 238.1% during the third quarter. Cullen Frost Bankers Inc. now owns 4,260 shares of the airline’s stock worth $55,000 after acquiring an additional 3,000 shares during the last quarter. Bogart Wealth LLC boosted its position in American Airlines Group by 1,968.5% during the third quarter. Bogart Wealth LLC now owns 5,254 shares of the airline’s stock worth $67,000 after acquiring an additional 5,000 shares during the last quarter. Finally, Royal London Asset Management Ltd. boosted its position in American Airlines Group by 109.8% during the third quarter. Royal London Asset Management Ltd. now owns 7,141 shares of the airline’s stock worth $92,000 after acquiring an additional 3,738 shares during the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on AAL shares. TD Cowen upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $14.00 to $21.00 in a report on Friday, January 26th. Barclays lifted their price target on shares of American Airlines Group from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Friday, January 26th. UBS Group started coverage on shares of American Airlines Group in a report on Wednesday, March 20th. They issued a “buy” rating and a $19.00 price target on the stock. Sanford C. Bernstein lifted their price target on shares of American Airlines Group from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Finally, Citigroup restated a “buy” rating and set a $20.00 target price on shares of American Airlines Group in a report on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. According to MarketBeat.com, American Airlines Group currently has a consensus rating of “Hold” and an average price target of $17.53.

American Airlines Group Price Performance

American Airlines Group stock opened at $14.13 on Friday. American Airlines Group Inc. has a 12-month low of $10.86 and a 12-month high of $19.08. The company has a market capitalization of $9.25 billion, a price-to-earnings ratio of 12.85, a price-to-earnings-growth ratio of 0.12 and a beta of 1.57. The firm’s fifty day moving average price is $14.47 and its 200 day moving average price is $13.61.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, January 25th. The airline reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.18. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. The firm had revenue of $13.06 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same quarter in the previous year, the firm posted $1.17 EPS. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. Analysts forecast that American Airlines Group Inc. will post 2.45 earnings per share for the current fiscal year.

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.