American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC trimmed its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 95.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,574,712 shares of the airline's stock after selling 30,016,967 shares during the period. Nuveen Asset Management LLC owned about 0.24% of American Airlines Group worth $27,447,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of AAL. Ballentine Partners LLC purchased a new stake in American Airlines Group in the 4th quarter worth approximately $186,000. Advisory Alpha LLC grew its stake in 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 period. Janney Montgomery Scott LLC grew its stake in 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 period. CX Institutional grew its stake in 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 period. Finally, KBC Group NV grew its stake in 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 period. 52.44% of the stock is owned by hedge funds and other institutional investors.

American Airlines Group Price Performance

Shares of NASDAQ:AAL traded down $0.12 during trading on Wednesday, reaching $11.53. 12,186,077 shares of the company's stock traded hands, compared to its average volume of 41,461,959. American Airlines Group Inc. has a 12 month low of $8.50 and a 12 month high of $19.10. The company has a 50 day moving average of $10.52 and a 200-day moving average of $13.93. The stock has a market capitalization of $7.60 billion, a P/E ratio of 10.13, a price-to-earnings-growth ratio of 0.21 and a beta of 1.31.

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

Analysts Set New Price Targets

Several analysts have commented on the stock. Jefferies Financial Group reaffirmed a "hold" rating and issued a $12.00 target price (down from $20.00) on shares of American Airlines Group in a research note on Tuesday, April 1st. Wall Street Zen lowered shares of American Airlines Group from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. The Goldman Sachs Group lowered shares of American Airlines Group from a "neutral" rating to a "sell" rating and decreased their price target for the company from $16.00 to $8.00 in a report on Tuesday, April 8th. TD Cowen lifted their price target on shares of American Airlines Group to $13.00 and gave the company an "unchanged" rating in a report on Friday, April 25th. Finally, Redburn Partners upgraded shares of American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 price target on the stock in a report on Wednesday, February 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, American Airlines Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $15.68.

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.