Cresset Asset Management LLC Decreases Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Cresset Asset Management LLC trimmed its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 81.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,109 shares of the airline's stock after selling 64,740 shares during the quarter. Cresset Asset Management LLC's holdings in American Airlines Group were worth $263,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AAL. Golden State Wealth Management LLC bought a new stake in American Airlines Group in the fourth quarter valued at approximately $25,000. Brooklyn Investment Group lifted its position in shares of American Airlines Group by 133.1% in the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock worth $28,000 after purchasing an additional 909 shares during the period. Bfsg LLC lifted its position in shares of American Airlines Group by 269.3% in the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline's stock worth $36,000 after purchasing an additional 1,500 shares during the period. Bernard Wealth Management Corp. bought a new stake in shares of American Airlines Group in the 4th quarter valued at $42,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of American Airlines Group during the fourth quarter worth $45,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Trading Down 2.5%

Shares of AAL traded down $0.29 on Friday, reaching $11.12. The company's stock had a trading volume of 14,312,512 shares, compared to its average volume of 41,194,870. American Airlines Group Inc. has a twelve month low of $8.50 and a twelve month high of $19.10. The stock has a market capitalization of $7.33 billion, a PE ratio of 9.75, a PEG ratio of 0.21 and a beta of 1.31. The firm has a fifty day moving average of $10.52 and a 200-day moving average of $13.98.

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

Analyst Ratings Changes

A number of analysts have commented on AAL shares. Susquehanna cut their price target on shares of American Airlines Group from $18.00 to $10.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Raymond James cut their target price on American Airlines Group from $15.00 to $14.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Bank of America decreased their target price on American Airlines Group from $16.00 to $12.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. The Goldman Sachs Group lowered American Airlines Group from a "neutral" rating to a "sell" rating and dropped their price target for the company from $16.00 to $8.00 in a research note on Tuesday, April 8th. Finally, Sanford C. Bernstein raised their price objective on shares of American Airlines Group from $12.00 to $15.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. 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. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $15.68.

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.