Securian Asset Management Inc. Cuts Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

Securian Asset Management Inc. lessened its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 11.9% during the 4th quarter, Holdings Channel reports. The firm owned 41,317 shares of the airline’s stock after selling 5,568 shares during the period. Securian Asset Management Inc.’s holdings in American Airlines Group were worth $568,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Federated Hermes Inc. boosted its holdings in American Airlines Group by 32.2% in the fourth quarter. Federated Hermes Inc. now owns 4,114 shares of the airline’s stock valued at $57,000 after purchasing an additional 1,003 shares during the period. Global Retirement Partners LLC increased its stake in American Airlines Group by 11.0% in the fourth quarter. Global Retirement Partners LLC now owns 10,912 shares of the airline’s stock valued at $144,000 after purchasing an additional 1,078 shares during the period. QRG Capital Management Inc. raised its holdings in shares of American Airlines Group by 5.2% in the fourth quarter. QRG Capital Management Inc. now owns 21,904 shares of the airline’s stock valued at $301,000 after buying an additional 1,084 shares during the last quarter. Treasurer of the State of North Carolina boosted its stake in shares of American Airlines Group by 0.4% during the third quarter. Treasurer of the State of North Carolina now owns 293,480 shares of the airline’s stock worth $3,759,000 after buying an additional 1,110 shares during the period. Finally, Mount Lucas Management LP grew its holdings in shares of American Airlines Group by 0.9% during the fourth quarter. Mount Lucas Management LP now owns 181,643 shares of the airline’s stock worth $2,496,000 after buying an additional 1,544 shares during the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Trading Up 0.5 %

NASDAQ:AAL opened at $14.10 on Thursday. American Airlines Group Inc. has a 12-month low of $10.86 and a 12-month high of $19.08. The firm has a market cap of $9.25 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 0.21 and a beta of 1.57. The company’s 50-day moving average is $14.25 and its two-hundred day moving average is $14.00.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The firm had revenue of $12.57 billion for the quarter, compared to analyst estimates of $12.60 billion. During the same quarter last year, the business posted $0.05 EPS. The firm’s revenue was up 3.1% compared to the same quarter last year. On average, equities research analysts forecast that American Airlines Group Inc. will post 2.6 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on AAL shares. Barclays increased their price objective on American Airlines Group from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Friday, January 26th. JPMorgan Chase & Co. lifted their price objective on shares of American Airlines Group from $19.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, January 26th. Sanford C. Bernstein upped their price objective on shares of American Airlines Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Monday, May 6th. TD Cowen raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $14.00 to $21.00 in a report on Friday, January 26th. Finally, UBS Group assumed coverage on American Airlines Group in a research report on Wednesday, March 20th. They set a “buy” rating and a $19.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $17.62.

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.