National Bank of Canada FI Sells 148,764 Shares of American Airlines Group Inc. (NASDAQ:AAL)

National Bank of Canada FI lowered its position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 26.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 420,025 shares of the airline's stock after selling 148,764 shares during the quarter. National Bank of Canada FI owned about 0.06% of American Airlines Group worth $5,645,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Cambridge Investment Research Advisors Inc. lifted its position in shares of American Airlines Group by 9.1% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 139,000 shares of the airline's stock valued at $1,781,000 after acquiring an additional 11,640 shares during the period. Raymond James & Associates lifted its position in American Airlines Group by 12.9% during the third quarter. Raymond James & Associates now owns 121,511 shares of the airline's stock worth $1,557,000 after purchasing an additional 13,914 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in American Airlines Group by 22.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,087 shares of the airline's stock worth $642,000 after buying an additional 9,269 shares in the last quarter. TD Asset Management Inc increased its holdings in American Airlines Group by 22.4% in the 3rd quarter. TD Asset Management Inc now owns 149,096 shares of the airline's stock valued at $1,910,000 after buying an additional 27,300 shares during the period. Finally, QCM Cayman Ltd. acquired a new position in shares of American Airlines Group in the 3rd quarter valued at approximately $129,000. Institutional investors own 52.44% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. UBS Group initiated coverage on shares of American Airlines Group in a research report on Wednesday, March 20th. They set a "buy" rating and a $19.00 price target on the stock. Citigroup reissued a "buy" rating and set a $20.00 price target on shares of American Airlines Group in a report on Thursday, March 14th. Evercore ISI reaffirmed a "hold" rating and issued a $17.00 price objective on shares of American Airlines Group in a research note on Monday, January 29th. Barclays lifted their target price on American Airlines Group from $13.00 to $14.00 and gave the company an "underweight" rating in a research report on Friday, January 26th. Finally, TD Cowen upgraded shares of American Airlines Group from a "market perform" rating to an "outperform" rating and raised their price target for the company from $14.00 to $21.00 in a research note on Friday, January 26th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $17.60.

American Airlines Group Stock Down 0.6 %

American Airlines Group stock traded down $0.08 during mid-day trading on Friday, hitting $14.40. 16,180,653 shares of the stock were exchanged, compared to its average volume of 32,823,796. The stock has a market capitalization of $9.45 billion, a price-to-earnings ratio of 24.00, a PEG ratio of 0.21 and a beta of 1.57. American Airlines Group Inc. has a 12 month low of $10.86 and a 12 month high of $19.08. The firm's fifty day simple moving average is $14.24 and its two-hundred day simple moving average is $13.81.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing analysts' consensus estimates of ($0.28) by ($0.06). The firm had revenue of $12.57 billion for the quarter, compared to the consensus estimate of $12.60 billion. American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. American Airlines Group's quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.05 EPS. As a group, analysts forecast that American Airlines Group Inc. will post 2.54 earnings per share for the current fiscal 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.