Gateway Investment Advisers LLC Lowers Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Gateway Investment Advisers LLC lowered its stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 97.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,044 shares of the airline's stock after selling 466,211 shares during the period. Gateway Investment Advisers LLC's holdings in American Airlines Group were worth $117,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in American Airlines Group during the fourth quarter valued at $25,000. Elequin Capital LP grew its stake in American Airlines Group by 208.5% in the 4th quarter. Elequin Capital LP now owns 1,749 shares of the airline's stock valued at $30,000 after acquiring an additional 1,182 shares during the period. Bfsg LLC grew its stake in American Airlines Group by 269.3% in the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline's stock valued at $36,000 after acquiring an additional 1,500 shares during the period. Bernard Wealth Management Corp. acquired a new stake in American Airlines Group in the 4th quarter valued at $42,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in American Airlines Group in the 4th quarter valued at $45,000. Institutional investors own 52.44% of the company's stock.

American Airlines Group Price Performance

Shares of NASDAQ AAL traded down $0.53 during midday trading on Friday, reaching $10.37. The company's stock had a trading volume of 72,552,739 shares, compared to its average volume of 41,901,119. American Airlines Group Inc. has a 12-month low of $8.50 and a 12-month high of $19.10. The firm has a 50 day moving average price of $10.73 and a 200-day moving average price of $13.66. The stock has a market capitalization of $6.84 billion, a P/E ratio of 9.10, a PEG ratio of 0.21 and a beta of 1.39.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings data 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 negative return on equity of 28.56% and a net margin of 1.56%. The business had revenue of $12.55 billion for the quarter, compared to the consensus estimate of $12.71 billion. During the same quarter in the prior year, the business earned ($0.34) earnings per share. American Airlines Group's revenue for the quarter was down .2% on a year-over-year basis. On average, equities analysts predict that American Airlines Group Inc. will post 2.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. UBS Group decreased their price objective on American Airlines Group from $13.00 to $9.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Bank of America reduced their price target on American Airlines Group from $16.00 to $12.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Raymond James reduced their price target on American Airlines Group from $15.00 to $14.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Barclays cut their price objective on American Airlines Group from $16.00 to $11.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Finally, TD Cowen boosted their price target on shares of American Airlines Group to $13.00 and gave the stock an "unchanged" rating in a research note on Friday, April 25th. One research 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 company. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $15.68.

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.