Bessemer Group Inc. Sells 138,768 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Bessemer Group Inc. trimmed its stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 91.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,275 shares of the airline's stock after selling 138,768 shares during the period. Bessemer Group Inc.'s holdings in American Airlines Group were worth $139,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Voloridge Investment Management LLC purchased a new position in shares of American Airlines Group in the 4th quarter valued at $60,190,000. Primecap Management Co. CA lifted its position in American Airlines Group by 5.0% during the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline's stock worth $1,049,734,000 after acquiring an additional 2,886,041 shares during the period. Two Sigma Advisers LP purchased a new position in shares of American Airlines Group during the 4th quarter valued at about $42,693,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of American Airlines Group during the 4th quarter valued at about $40,333,000. Finally, Alyeska Investment Group L.P. acquired a new position in American Airlines Group in the 4th quarter worth about $35,141,000. 52.44% of the stock is owned by institutional investors.

American Airlines Group Price Performance

AAL stock traded down $0.10 during trading hours on Monday, reaching $11.59. The stock had a trading volume of 53,357,900 shares, compared to its average volume of 43,242,962. The stock has a market capitalization of $7.64 billion, a PE ratio of 12.88, a price-to-earnings-growth ratio of 1.61 and a beta of 1.36. The stock has a 50-day simple moving average of $11.19 and a 200 day simple moving average of $13.06. American Airlines Group Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its earnings results on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, beating the consensus estimate of ($0.69) by $0.10. American Airlines Group had a net margin of 1.26% and a negative return on equity of 26.59%. The firm had revenue of $12.55 billion for the quarter, compared to analyst estimates of $12.71 billion. During the same period last year, the firm earned ($0.34) EPS. The business's quarterly revenue was down .2% compared to the same quarter last year. On average, sell-side analysts forecast that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on AAL shares. The Goldman Sachs Group lowered American Airlines Group from a "neutral" rating to a "sell" rating and cut their price objective for the stock from $16.00 to $8.00 in a research note on Tuesday, April 8th. Sanford C. Bernstein upped their price objective on American Airlines Group from $12.00 to $15.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. TD Cowen upped their price target on American Airlines Group to $13.00 and gave the stock an "unchanged" rating in a research note on Friday, April 25th. Susquehanna reduced their price objective on American Airlines Group from $18.00 to $10.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Finally, UBS Group increased their target price on American Airlines Group from $9.00 to $12.00 and gave the company a "neutral" rating in a report on Monday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $15.84.

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.