Sumitomo Mitsui Trust Holdings Inc. Trims Stake in American Airlines Group Inc. (NASDAQ:AAL)

Sumitomo Mitsui Trust Holdings Inc. reduced its position in American Airlines Group Inc. (NASDAQ:AAL) by 4.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 60,406 shares of the airline’s stock after selling 3,003 shares during the period. Sumitomo Mitsui Trust Holdings Inc.’s holdings in American Airlines Group were worth $830,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gables Capital Management Inc. lifted its holdings in shares of American Airlines Group by 100.0% in the 3rd quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock valued at $26,000 after purchasing an additional 1,000 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of American Airlines Group in the 3rd quarter valued at about $33,000. Baystate Wealth Management LLC lifted its holdings in shares of American Airlines Group by 267.1% in the 4th quarter. Baystate Wealth Management LLC now owns 3,924 shares of the airline’s stock valued at $54,000 after purchasing an additional 2,855 shares during the last quarter. Friedenthal Financial purchased a new stake in shares of American Airlines Group in the 4th quarter valued at about $58,000. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of American Airlines Group by 238.1% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 4,260 shares of the airline’s stock valued at $55,000 after purchasing an additional 3,000 shares during the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on AAL shares. Jefferies Financial Group upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Thursday, January 11th. Seaport Res Ptn upgraded American Airlines Group from a “neutral” rating to a “buy” rating in a research report on Friday, January 26th. Barclays boosted their price target on American Airlines Group from $13.00 to $14.00 and gave the company an “underweight” rating in a research report on Friday, January 26th. Wolfe Research upgraded American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 target price on the stock in a research report on Monday, January 22nd. Finally, JPMorgan Chase & Co. boosted their target price on American Airlines Group from $19.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, January 26th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $17.53.

American Airlines Group Price Performance

Shares of NASDAQ:AAL opened at $14.13 on Friday. The business’s 50 day simple moving average is $14.47 and its 200-day simple moving average is $13.61. The firm 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. American Airlines Group Inc. has a 12 month low of $10.86 and a 12 month high of $19.08.

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