First Citizens Bank & Trust Co. Trims Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

First Citizens Bank & Trust Co. reduced its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 3.8% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 508,468 shares of the airline’s stock after selling 19,960 shares during the period. First Citizens Bank & Trust Co.’s holdings in American Airlines Group were worth $5,715,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in AAL. HighPoint Advisor Group LLC acquired a new position in shares of American Airlines Group in the fourth quarter valued at approximately $179,000. GAMMA Investing LLC increased its stake in American Airlines Group by 50.6% in the 1st quarter. GAMMA Investing LLC now owns 4,049 shares of the airline’s stock valued at $62,000 after buying an additional 1,361 shares during the period. International Assets Investment Management LLC increased its stake in American Airlines Group by 12.1% in the 1st quarter. International Assets Investment Management LLC now owns 17,575 shares of the airline’s stock valued at $271,000 after buying an additional 1,900 shares during the period. Range Financial Group LLC purchased a new position in American Airlines Group during the 1st quarter worth $224,000. Finally, Gateway Investment Advisers LLC boosted its holdings in shares of American Airlines Group by 90.4% in the first quarter. Gateway Investment Advisers LLC now owns 138,037 shares of the airline’s stock valued at $2,119,000 after acquiring an additional 65,539 shares in the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.

American Airlines Group Price Performance

American Airlines Group stock opened at $13.09 on Friday. The firm’s 50-day moving average is $10.97 and its two-hundred day moving average is $11.82. The stock has a market capitalization of $8.59 billion, a P/E ratio of 21.82, a P/E/G ratio of 0.26 and a beta of 1.43. American Airlines Group Inc. has a 12-month low of $9.07 and a 12-month high of $16.15.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, topping the consensus estimate of $1.04 by $0.05. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The firm had revenue of $14.33 billion during the quarter, compared to analysts’ expectations of $14.38 billion. During the same period in the previous year, the company earned $1.92 EPS. American Airlines Group’s revenue for the quarter was up 2.0% on a year-over-year basis. As a group, analysts forecast that American Airlines Group Inc. will post 1.22 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. BNP Paribas raised American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Barclays cut their price objective on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a research report on Wednesday, July 10th. Jefferies Financial Group raised their target price on American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a report on Wednesday, October 2nd. Evercore ISI upped their target price on shares of American Airlines Group from $10.00 to $12.00 and gave the stock an “in-line” rating in a research report on Thursday, October 3rd. Finally, Sanford C. Bernstein lowered American Airlines Group from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $18.00 to $12.00 in a report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, American Airlines Group currently has an average rating of “Hold” and a consensus price target of $13.09.

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.