Toronto Dominion Bank Sells 1,290,470 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Toronto Dominion Bank reduced its stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 77.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 377,069 shares of the airline's stock after selling 1,290,470 shares during the period. Toronto Dominion Bank owned 0.06% of American Airlines Group worth $6,572,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AAL. Ballentine Partners LLC bought a new stake in American Airlines Group in the fourth quarter valued at $186,000. Advisory Alpha LLC raised its holdings in shares of American Airlines Group by 35.2% in the 4th quarter. Advisory Alpha LLC now owns 18,034 shares of the airline's stock worth $314,000 after acquiring an additional 4,694 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of American Airlines Group by 16.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 16,119 shares of the airline's stock worth $281,000 after acquiring an additional 2,295 shares during the last quarter. CX Institutional raised its holdings in shares of American Airlines Group by 22.0% in the 4th quarter. CX Institutional now owns 17,497 shares of the airline's stock worth $305,000 after acquiring an additional 3,152 shares during the last quarter. Finally, KBC Group NV raised its holdings in shares of American Airlines Group by 46.0% in the 4th quarter. KBC Group NV now owns 8,982 shares of the airline's stock worth $157,000 after acquiring an additional 2,830 shares during the last quarter. 52.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Bank of America lowered their target price on shares of American Airlines Group from $16.00 to $12.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Jefferies Financial Group restated a "hold" rating and issued a $12.00 target price (down previously from $20.00) on shares of American Airlines Group in a report on Tuesday, April 1st. The Goldman Sachs Group lowered shares of American Airlines Group from a "neutral" rating to a "sell" rating and lowered their target price for the stock from $16.00 to $8.00 in a report on Tuesday, April 8th. UBS Group lowered their target price on shares of American Airlines Group from $13.00 to $9.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, Citigroup reduced their price objective on shares of American Airlines Group from $21.50 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $15.68.

American Airlines Group Stock Up 4.7%

AAL traded up $0.53 on Tuesday, hitting $11.72. The company's stock had a trading volume of 19,107,718 shares, compared to its average volume of 53,545,371. The company's 50 day simple moving average is $10.52 and its 200-day simple moving average is $13.95. The firm has a market cap of $7.73 billion, a P/E ratio of 10.28, a price-to-earnings-growth ratio of 0.21 and a beta of 1.31. American Airlines Group Inc. has a 12 month low of $8.50 and a 12 month high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, topping the consensus estimate of ($0.69) by $0.10. The company had revenue of $12.55 billion during the quarter, compared to the consensus estimate of $12.71 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. American Airlines Group's revenue for the quarter was down .2% on a year-over-year basis. During the same period last year, the firm earned ($0.34) EPS. Equities analysts predict that American Airlines Group Inc. will post 2.42 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.