Lebenthal Global Advisors LLC Reduces Position in American Airlines Group Inc. (NASDAQ:AAL)

Lebenthal Global Advisors LLC decreased its position in American Airlines Group Inc. (NASDAQ:AAL) by 40.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,807 shares of the airline’s stock after selling 26,531 shares during the period. Lebenthal Global Advisors LLC’s holdings in American Airlines Group were worth $694,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AAL. Brooklyn Investment Group raised its stake in shares of American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after purchasing an additional 909 shares during the last quarter. Blue Trust Inc. increased its holdings in American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after buying an additional 911 shares during the period. Point72 Hong Kong Ltd purchased a new position in American Airlines Group during the 3rd quarter worth approximately $55,000. KBC Group NV lifted its stake in American Airlines Group by 55.8% during the 3rd quarter. KBC Group NV now owns 6,152 shares of the airline’s stock valued at $69,000 after acquiring an additional 2,204 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of American Airlines Group by 44.3% in the 3rd quarter. GAMMA Investing LLC now owns 9,932 shares of the airline’s stock valued at $112,000 after acquiring an additional 3,047 shares during the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Performance

NASDAQ AAL opened at $17.20 on Tuesday. The business has a fifty day moving average price of $16.71 and a 200 day moving average price of $13.26. The company has a market cap of $11.30 billion, a P/E ratio of 52.12, a P/E/G ratio of 0.97 and a beta of 1.35. American Airlines Group Inc. has a one year low of $9.07 and a one year high of $19.10.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.47. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. As a group, sell-side analysts predict that American Airlines Group Inc. will post 1.73 EPS for the current fiscal year.

Insider Transactions at American Airlines Group

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction on Friday, December 27th. The stock was sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the transaction, the chief executive officer now owns 2,967,984 shares in the company, valued at $51,079,004.64. The trade was a 3.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

AAL has been the subject of a number of research reports. Melius Research upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Morgan Stanley boosted their price objective on American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. TD Cowen raised American Airlines Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $17.00 to $25.00 in a report on Monday, January 6th. Seaport Res Ptn raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Finally, Raymond James reaffirmed an “outperform” rating and set a $23.00 price objective (down previously from $24.00) on shares of American Airlines Group in a research note on Friday. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, American Airlines Group has a consensus rating of “Moderate Buy” and an average target price of $18.99.

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.