Private Advisor Group LLC Sells 5,338 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Private Advisor Group LLC lowered its position in American Airlines Group Inc. (NASDAQ:AAL) by 8.4% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,089 shares of the airline’s stock after selling 5,338 shares during the period. Private Advisor Group LLC’s holdings in American Airlines Group were worth $1,012,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new stake in shares of American Airlines Group during the 4th quarter valued at $25,000. Brooklyn Investment Group raised its stake in shares of American Airlines Group by 133.1% in the fourth 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. lifted its position in shares of American Airlines Group by 56.2% during the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after buying an additional 911 shares in the last quarter. Bfsg LLC lifted its position 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 valued at $36,000 after buying an additional 1,500 shares in the last quarter. Finally, Quent Capital LLC grew its stake in shares of American Airlines Group by 70.2% during the 4th quarter. Quent Capital LLC now owns 3,064 shares of the airline’s stock valued at $53,000 after acquiring an additional 1,264 shares during the period. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Performance

NASDAQ AAL opened at $14.36 on Friday. The company has a market cap of $9.44 billion, a P/E ratio of 12.59, a P/E/G ratio of 0.21 and a beta of 1.35. The business’s 50 day moving average price is $16.99 and its 200-day moving average price is $14.21. American Airlines Group Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $19.10.

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

Insiders Place Their Bets

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $17.21, for a total value of $1,763,009.61. Following the transaction, the chief executive officer now owns 2,967,984 shares of the company’s stock, valued at $51,079,004.64. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the sale, the senior vice president now owns 112,412 shares of the company’s stock, valued at $1,927,865.80. The trade was a 31.59 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages have weighed in on AAL. Melius raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Monday, January 6th. Seaport Res Ptn raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Redburn Atlantic upgraded American Airlines Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $18.00 to $24.00 in a research note on Wednesday. UBS Group upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Evercore ISI increased their target price on American Airlines Group to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 9th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, American Airlines Group currently has a consensus rating of “Moderate Buy” and an average price target of $19.40.

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.