Daiwa Securities Group Inc. Cuts Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Daiwa Securities Group Inc. lessened its position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 65.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,079 shares of the airline's stock after selling 212,351 shares during the period. Daiwa Securities Group Inc.'s holdings in American Airlines Group were worth $1,540,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in AAL. Jupiter Asset Management Ltd. bought a new stake in shares of American Airlines Group during the third quarter worth approximately $59,411,000. Invesco Ltd. raised its position in shares of American Airlines Group by 28.3% in the third quarter. Invesco Ltd. now owns 12,119,358 shares of the airline's stock valued at $155,249,000 after buying an additional 2,672,793 shares in the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of American Airlines Group in the third quarter valued at approximately $28,867,000. Barclays PLC raised its position in shares of American Airlines Group by 191.7% in the third quarter. Barclays PLC now owns 3,333,370 shares of the airline's stock valued at $42,448,000 after buying an additional 2,190,456 shares in the last quarter. Finally, U S Global Investors Inc. raised its position in shares of American Airlines Group by 18.7% in the fourth quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline's stock valued at $174,159,000 after buying an additional 2,001,247 shares in the last quarter. Institutional investors own 52.44% of the company's stock.

American Airlines Group Price Performance

Shares of American Airlines Group stock traded down $0.31 during trading on Wednesday, hitting $13.92. The company's stock had a trading volume of 40,940,707 shares, compared to its average volume of 34,258,410. American Airlines Group Inc. has a 52 week low of $10.86 and a 52 week high of $19.08. The stock has a market cap of $9.11 billion, a price-to-earnings ratio of 12.65, a price-to-earnings-growth ratio of 0.12 and a beta of 1.57. The stock has a 50-day moving average price of $14.49 and a two-hundred day moving average price of $13.61.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its quarterly earnings results on Thursday, January 25th. The airline reported $0.29 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.18. The business had revenue of $13.06 billion for the quarter, compared to analysts' expectations of $13.01 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. The business's quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 earnings per share. On average, equities analysts predict that American Airlines Group Inc. will post 2.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group upgraded shares of American Airlines Group from a "hold" rating to a "buy" rating and set a $18.00 price target for the company in a research report on Thursday, January 11th. Sanford C. Bernstein boosted their price objective on shares of American Airlines Group from $20.00 to $21.00 and gave the company an "outperform" rating in a research report on Tuesday, March 5th. Barclays boosted their price objective on shares of American Airlines Group from $13.00 to $14.00 and gave the company an "underweight" rating in a research report on Friday, January 26th. Evercore ISI restated a "hold" rating and set a $17.00 price objective on shares of American Airlines Group in a research report on Monday, January 29th. Finally, Wolfe Research upgraded shares of American Airlines Group from a "peer perform" rating to an "outperform" rating and set a $17.00 price objective for the company in a research report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average target price of $17.53.

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.