American Airlines Group Inc. (NASDAQ:AAL) Stock Position Lowered by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its holdings in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 95.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,574,712 shares of the airline's stock after selling 30,016,967 shares during the quarter. Nuveen Asset Management LLC owned approximately 0.24% of American Airlines Group worth $27,447,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the business. Primecap Management Co. CA increased its stake in American Airlines Group by 5.0% during the fourth 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 last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in American Airlines Group during the fourth quarter worth about $40,333,000. Alyeska Investment Group L.P. acquired a new stake in American Airlines Group during the fourth quarter worth about $35,141,000. Norges Bank acquired a new stake in American Airlines Group during the fourth quarter worth about $20,696,000. Finally, Principal Financial Group Inc. increased its stake in American Airlines Group by 69.5% during the fourth quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline's stock worth $44,892,000 after acquiring an additional 1,055,667 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Price Performance

Shares of NASDAQ AAL traded up $0.47 during mid-day trading on Tuesday, hitting $11.66. The company had a trading volume of 55,431,491 shares, compared to its average volume of 41,513,958. The stock has a market cap of $7.69 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 0.21 and a beta of 1.31. American Airlines Group Inc. has a 12 month low of $8.50 and a 12 month high of $19.10. The firm's 50 day simple moving average is $10.52 and its two-hundred day simple moving average is $13.95.

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

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Redburn Partners upgraded American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 target price for the company in a research note on Wednesday, February 26th. The Goldman Sachs Group lowered American Airlines Group from a "neutral" rating to a "sell" rating and lowered their target price for the company from $16.00 to $8.00 in a research note on Tuesday, April 8th. JPMorgan Chase & Co. lowered their target price on American Airlines Group from $30.00 to $26.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Sanford C. Bernstein increased their target price 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. Finally, Bank of America lowered 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. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average 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.