The Manufacturers Life Insurance Company Decreases Stake in American Airlines Group Inc. (NASDAQ:AAL)

The Manufacturers Life Insurance Company reduced its stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 98.3% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 528,295 shares of the airline's stock after selling 31,298,408 shares during the period. The Manufacturers Life Insurance Company owned approximately 0.08% of American Airlines Group worth $9,208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. grew its stake in American Airlines Group by 4.5% in the fourth quarter. Avantax Advisory Services Inc. now owns 14,751 shares of the airline's stock worth $257,000 after purchasing an additional 635 shares during the period. Oregon Public Employees Retirement Fund boosted its holdings in shares of American Airlines Group by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 133,774 shares of the airline's stock valued at $2,332,000 after buying an additional 774 shares in the last quarter. M&T Bank Corp grew its position in shares of American Airlines Group by 2.4% in the 4th quarter. M&T Bank Corp now owns 34,525 shares of the airline's stock worth $602,000 after buying an additional 794 shares during the period. Brooklyn Investment Group lifted its position in American Airlines Group by 133.1% during the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock valued at $28,000 after acquiring an additional 909 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in American Airlines Group by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 19,987 shares of the airline's stock worth $348,000 after acquiring an additional 981 shares in the last quarter. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group Trading Up 0.7 %

Shares of AAL traded up $0.08 during trading hours on Friday, reaching $11.11. 59,468,205 shares of the stock traded hands, compared to its average volume of 39,911,807. The company has a market cap of $7.33 billion, a P/E ratio of 9.75, a price-to-earnings-growth ratio of 0.21 and a beta of 1.31. The company's 50-day moving average price is $10.61 and its two-hundred day moving average price is $14.09. American Airlines Group Inc. has a 52-week low of $8.50 and a 52-week high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) earnings per share for the quarter, topping analysts' consensus estimates of ($0.69) by $0.10. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. The firm had revenue of $12.55 billion during the quarter, compared to analyst estimates of $12.71 billion. During the same quarter in the prior year, the company posted ($0.34) earnings per share. The business's quarterly revenue was down .2% compared to the same quarter last year. On average, research analysts forecast that American Airlines Group Inc. will post 2.42 EPS for the current year.

Analyst Ratings Changes

AAL has been the topic of several recent research reports. Redburn Partners upgraded American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 price target on the stock in a research note on Wednesday, February 26th. TD Cowen increased their target price on American Airlines Group to $13.00 and gave the stock an "unchanged" rating in a research note on Friday, April 25th. Susquehanna dropped their price target on shares of American Airlines Group from $18.00 to $10.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Raymond James reduced their price objective on shares of American Airlines Group from $15.00 to $14.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Finally, UBS Group dropped their target price on shares of American Airlines Group from $13.00 to $9.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $16.25.

American Airlines Group 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.