American Airlines Group Inc. (NASDAQ:AAL) Holdings Cut by Xponance Inc.

Xponance Inc. lowered its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 10.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 107,402 shares of the airline’s stock after selling 12,674 shares during the quarter. Xponance Inc.’s holdings in American Airlines Group were worth $1,476,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Empirical Finance LLC raised its holdings in shares of American Airlines Group by 13.2% during the 3rd quarter. Empirical Finance LLC now owns 21,159 shares of the airline’s stock valued at $271,000 after purchasing an additional 2,462 shares in the last quarter. Oak Thistle LLC bought a new position in shares of American Airlines Group during the 4th quarter valued at $1,171,000. Assenagon Asset Management S.A. raised its holdings in shares of American Airlines Group by 7,871.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,762,081 shares of the airline’s stock valued at $24,211,000 after purchasing an additional 1,739,977 shares in the last quarter. Compagnie Lombard Odier SCmA raised its holdings in shares of American Airlines Group by 15.2% during the 4th quarter. Compagnie Lombard Odier SCmA now owns 38,500 shares of the airline’s stock valued at $529,000 after purchasing an additional 5,067 shares in the last quarter. Finally, International Assets Investment Management LLC raised its holdings in shares of American Airlines Group by 1,291.7% during the 4th quarter. International Assets Investment Management LLC now owns 215,372 shares of the airline’s stock valued at $29,590,000 after purchasing an additional 199,897 shares in the last quarter. Institutional investors own 52.44% of the company’s stock.

Analyst Upgrades and Downgrades

AAL has been the topic of a number of recent research reports. Morgan Stanley restated an “overweight” rating and set a $20.00 price target on shares of American Airlines Group in a report on Tuesday, March 5th. Seaport Res Ptn upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. Sanford C. Bernstein raised their target price on shares of American Airlines Group from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. TD Cowen upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and raised their target price for the company from $14.00 to $21.00 in a research note on Friday, January 26th. Finally, Citigroup reiterated a “buy” rating and issued a $20.00 target price on shares of American Airlines Group in a research note on Thursday, March 14th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $17.53.

American Airlines Group Stock Performance

Shares of American Airlines Group stock opened at $14.23 on Wednesday. The firm has a market cap of $9.32 billion, a P/E ratio of 12.94, a price-to-earnings-growth ratio of 0.12 and a beta of 1.57. The firm’s 50-day simple moving average is $14.51 and its 200-day simple moving average is $13.61. American Airlines Group Inc. has a twelve month low of $10.86 and a twelve month high of $19.08.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, January 25th. The airline reported $0.29 earnings per share 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 firm’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.17 earnings per share. On average, equities analysts forecast that American Airlines Group Inc. will post 2.45 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.