Principal Financial Group Inc. lowered its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 41.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,514,862 shares of the airline's stock after selling 1,060,709 shares during the quarter. Principal Financial Group Inc. owned 0.23% of American Airlines Group worth $15,982,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. raised its position in American Airlines Group by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 62,985,524 shares of the airline's stock valued at $1,097,838,000 after buying an additional 953,766 shares during the last quarter. Primecap Management Co. CA raised its position in American Airlines Group by 5.0% in the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline's stock valued at $1,049,734,000 after buying an additional 2,886,041 shares during the last quarter. U S Global Investors Inc. raised its position in American Airlines Group by 8.7% in the 1st quarter. U S Global Investors Inc. now owns 7,181,246 shares of the airline's stock valued at $75,762,000 after buying an additional 576,612 shares during the last quarter. Northern Trust Corp raised its position in American Airlines Group by 22.0% in the 4th quarter. Northern Trust Corp now owns 5,437,904 shares of the airline's stock valued at $94,783,000 after buying an additional 980,409 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in American Airlines Group by 21.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,280,289 shares of the airline's stock valued at $92,043,000 after buying an additional 943,336 shares during the last quarter. Institutional investors and hedge funds own 52.44% of the company's stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently issued reports on AAL shares. UBS Group lifted their target price on American Airlines Group from $9.00 to $12.00 and gave the company a "neutral" rating in a research report on Monday, July 7th. Barclays lifted their target price on American Airlines Group from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Thursday. Citigroup dropped their target price on American Airlines Group from $21.50 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. The Goldman Sachs Group downgraded 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 research note on Tuesday, April 8th. Finally, Jefferies Financial Group restated a "hold" rating and issued a $12.00 price target (down from $20.00) on shares of American Airlines Group in a research note on Tuesday, April 1st. One equities 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 given a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $15.89.
Check Out Our Latest Research Report on American Airlines Group
American Airlines Group Trading Down 5.6%
NASDAQ AAL traded down $0.72 during midday trading on Friday, hitting $12.22. The company had a trading volume of 83,832,608 shares, compared to its average volume of 43,978,569. The company has a market capitalization of $8.06 billion, a PE ratio of 13.58, a P/E/G ratio of 1.79 and a beta of 1.36. The firm has a 50-day moving average price of $11.35 and a 200-day moving average price of $12.98. American Airlines Group Inc. has a twelve month low of $8.50 and a twelve month high of $19.10.
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 the consensus estimate of ($0.69) by $0.10. The firm had revenue of $12.55 billion during the quarter, compared to analysts' expectations of $12.71 billion. American Airlines Group had a negative return on equity of 26.59% and a net margin of 1.26%. The company's quarterly revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.34) EPS. On average, equities analysts anticipate that American Airlines Group Inc. will post 2.42 EPS for the current year.
About American Airlines Group
(
Free Report)
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.
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