American Airlines Group Inc. (NASDAQ:AAL) Stock Holdings Trimmed by Bessemer Group Inc.

Bessemer Group Inc. reduced its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 91.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 13,275 shares of the airline's stock after selling 138,768 shares during the quarter. Bessemer Group Inc.'s holdings in American Airlines Group were worth $139,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Elequin Capital LP lifted its position in American Airlines Group by 208.5% during the 4th quarter. Elequin Capital LP now owns 1,749 shares of the airline's stock worth $30,000 after acquiring an additional 1,182 shares during the period. Bernard Wealth Management Corp. acquired a new stake in American Airlines Group during the 4th quarter worth approximately $42,000. Harvest Fund Management Co. Ltd acquired a new stake in American Airlines Group during the 4th quarter worth approximately $45,000. Full Sail Capital LLC purchased a new position in shares of American Airlines Group during the 4th quarter worth approximately $58,000. Finally, GeoWealth Management LLC raised its stake in shares of American Airlines Group by 107.6% during the 4th quarter. GeoWealth Management LLC now owns 3,819 shares of the airline's stock worth $67,000 after buying an additional 1,979 shares in the last quarter. 52.44% of the stock is owned by institutional investors and hedge funds.

American Airlines Group Trading Down 0.9%

Shares of AAL traded down $0.10 during midday trading on Monday, reaching $11.59. 53,303,141 shares of the company were exchanged, compared to its average volume of 43,242,660. The stock has a 50-day moving average price of $11.16 and a 200-day moving average price of $13.10. The company has a market cap of $7.64 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 1.61 and a beta of 1.36. American Airlines Group Inc. has a 1-year low of $8.50 and a 1-year high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, topping the consensus estimate of ($0.69) by $0.10. American Airlines Group had a negative return on equity of 26.59% and a net margin of 1.26%. The business had revenue of $12.55 billion for the quarter, compared to analysts' expectations of $12.71 billion. During the same quarter in the previous year, the firm posted ($0.34) earnings per share. The company's revenue was down .2% compared to the same quarter last year. Equities research analysts anticipate that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AAL has been the subject of a number of analyst reports. The Goldman Sachs Group downgraded American Airlines Group from a "neutral" rating to a "sell" rating and cut their target price for the stock from $16.00 to $8.00 in a research note on Tuesday, April 8th. Sanford C. Bernstein raised their price objective on American Airlines Group from $12.00 to $15.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. Susquehanna dropped their price objective on American Airlines Group from $18.00 to $10.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $12.00 price objective (down from $20.00) on shares of American Airlines Group in a research note on Tuesday, April 1st. Finally, UBS Group raised their price objective on American Airlines Group from $9.00 to $12.00 and gave the company a "neutral" rating in a research note on Monday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $15.84.

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.