ProShare Advisors LLC Reduces Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

ProShare Advisors LLC trimmed its position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 80.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,743 shares of the airline's stock after selling 128,129 shares during the quarter. ProShare Advisors LLC's holdings in American Airlines Group were worth $536,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Primecap Management Co. CA increased its holdings 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 worth $1,049,734,000 after acquiring an additional 2,886,041 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of American Airlines Group during the 4th quarter worth $40,333,000. Alyeska Investment Group L.P. purchased a new position in shares of American Airlines Group in the 4th quarter worth about $35,141,000. Norges Bank bought a new position in American Airlines Group during the fourth quarter valued at approximately $20,696,000. Finally, Principal Financial Group Inc. raised its position in American Airlines Group by 69.5% in the 4th quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline's stock worth $44,892,000 after purchasing an additional 1,055,667 shares during the period. Hedge funds and other institutional investors own 52.44% of the company's stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AAL. Jefferies Financial Group restated a "hold" rating and set a $12.00 price target (down from $20.00) on shares of American Airlines Group in a research report on Tuesday, April 1st. Sanford C. Bernstein raised their target price on shares of American Airlines Group from $12.00 to $15.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Citigroup lowered their price objective on shares of American Airlines Group from $21.50 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. 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 report on Thursday, April 3rd. Finally, Wall Street Zen downgraded shares of American Airlines Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, American Airlines Group has a consensus rating of "Moderate Buy" and a consensus price target of $15.68.

American Airlines Group Stock Performance

Shares of NASDAQ:AAL traded down $0.11 during trading on Friday, reaching $11.29. 13,401,866 shares of the stock traded hands, compared to its average volume of 41,189,811. American Airlines Group Inc. has a 52-week low of $8.50 and a 52-week high of $19.10. The stock has a market cap of $7.44 billion, a P/E ratio of 9.91, a price-to-earnings-growth ratio of 0.21 and a beta of 1.31. The stock has a 50-day moving average of $10.52 and a two-hundred day moving average of $13.90.

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

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.