American Airlines Group Inc. (NASDAQ:AAL) Stock Holdings Lowered by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. trimmed its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 10.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 49,635 shares of the airline’s stock after selling 5,891 shares during the period. PNC Financial Services Group Inc.’s holdings in American Airlines Group were worth $865,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its holdings in shares of American Airlines Group by 7.3% during the 3rd quarter. Victory Capital Management Inc. now owns 112,939 shares of the airline’s stock valued at $1,269,000 after buying an additional 7,642 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in shares of American Airlines Group in the 3rd quarter valued at $122,000. KBC Group NV boosted its holdings in American Airlines Group by 55.8% in the third quarter. KBC Group NV now owns 6,152 shares of the airline’s stock worth $69,000 after purchasing an additional 2,204 shares in the last quarter. Natixis Advisors LLC acquired a new position in shares of American Airlines Group during the 3rd quarter valued at about $365,000. Finally, Mutual of America Capital Management LLC raised its position in shares of American Airlines Group by 328.8% in the third quarter. Mutual of America Capital Management LLC now owns 354,915 shares of the airline’s stock valued at $3,989,000 after purchasing an additional 272,143 shares during the period. 52.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on AAL shares. Susquehanna reduced their price objective on American Airlines Group from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Raymond James restated an “outperform” rating and set a $23.00 price target (down from $24.00) on shares of American Airlines Group in a research note on Friday, January 24th. Citigroup reiterated a “buy” rating on shares of American Airlines Group in a research report on Wednesday, March 12th. JPMorgan Chase & Co. cut their target price on American Airlines Group from $30.00 to $26.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Finally, TD Cowen increased their price objective on shares of American Airlines Group to $26.00 and gave the company a “buy” rating in a research note on Thursday, March 13th. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, American Airlines Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.37.

Insider Buying and Selling at American Airlines Group

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm’s stock in a transaction that occurred on 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 directly owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. This trade represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction on 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. Corporate insiders own 0.49% of the company’s stock.

American Airlines Group Stock Up 4.1 %

American Airlines Group stock opened at $11.32 on Tuesday. American Airlines Group Inc. has a 12-month low of $9.07 and a 12-month high of $19.10. The stock has a 50-day simple moving average of $15.83 and a 200 day simple moving average of $14.46. The stock has a market capitalization of $7.44 billion, a price-to-earnings ratio of 9.93, a P/E/G ratio of 0.21 and a beta of 1.27.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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, sell-side analysts anticipate that American Airlines Group Inc. will post 2.42 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.