Charles Schwab Investment Management Inc. decreased its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 3.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,140,754 shares of the airline’s stock after selling 196,188 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.94% of American Airlines Group worth $110,165,000 at the end of the most recent reporting period.
Several other hedge funds have also added to or reduced their stakes in AAL. Asset Management One Co. Ltd. increased its position in American Airlines Group by 12.0% during the 2nd quarter. Asset Management One Co. Ltd. now owns 5,741 shares of the airline’s stock worth $103,000 after buying an additional 615 shares during the period. Czech National Bank increased its position in American Airlines Group by 0.8% during the 2nd quarter. Czech National Bank now owns 77,262 shares of the airline’s stock worth $1,386,000 after buying an additional 640 shares during the period. Geneos Wealth Management Inc. increased its position in American Airlines Group by 8.8% during the 2nd quarter. Geneos Wealth Management Inc. now owns 7,940 shares of the airline’s stock worth $142,000 after buying an additional 640 shares during the period. Oregon Public Employees Retirement Fund increased its position in shares of American Airlines Group by 1.5% in the second quarter. Oregon Public Employees Retirement Fund now owns 50,874 shares of the airline’s stock worth $913,000 after purchasing an additional 760 shares during the period. Finally, Franklin Resources Inc. increased its position in shares of American Airlines Group by 6.7% in the second quarter. Franklin Resources Inc. now owns 12,311 shares of the airline’s stock worth $156,000 after purchasing an additional 771 shares during the period. Institutional investors and hedge funds own 58.50% of the company’s stock.
Insider Buying and Selling
In other American Airlines Group news, EVP Vasu Raja sold 5,298 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $12.23, for a total value of $64,794.54. Following the transaction, the executive vice president now directly owns 339,170 shares of the company’s stock, valued at $4,148,049.10. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.78% of the stock is owned by insiders.
American Airlines Group Price Performance
American Airlines Group (NASDAQ:AAL – Get Free Report) last posted its quarterly earnings data on Thursday, October 19th. The airline reported $0.38 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.12. The company had revenue of $13.48 billion for the quarter, compared to analyst estimates of $13.51 billion. American Airlines Group had a negative return on equity of 47.30% and a net margin of 3.04%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.69 earnings per share. Equities analysts anticipate that American Airlines Group Inc. will post 2.39 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of brokerages recently commented on AAL. TD Cowen decreased their price target on American Airlines Group from $16.00 to $10.00 and set a “market perform” rating on the stock in a research report on Wednesday, September 13th. Jefferies Financial Group decreased their target price on American Airlines Group from $16.00 to $15.00 and set a “hold” rating on the stock in a research report on Friday, September 29th. Evercore ISI decreased their target price on American Airlines Group from $19.00 to $17.00 and set an “in-line” rating on the stock in a research report on Monday, August 28th. Berenberg Bank decreased their target price on American Airlines Group from $26.00 to $23.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 26th. Finally, StockNews.com assumed coverage on American Airlines Group in a research report on Thursday, October 5th. They issued a “hold” rating on the stock. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, American Airlines Group has a consensus rating of “Hold” and an average target price of $17.64.
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.
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