Investment House LLC cut its position in American Airlines Group Inc. (NASDAQ:AAL) by 46.3% during the second quarter, Holdings Channel reports. The fund owned 29,700 shares of the airline’s stock after selling 25,575 shares during the period. Investment House LLC’s holdings in American Airlines Group were worth $841,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of AAL. Exane Derivatives raised its position in American Airlines Group by 105.9% in the first quarter. Exane Derivatives now owns 3,575 shares of the airline’s stock valued at $147,000 after buying an additional 1,839 shares in the last quarter. Cribstone Capital Management LLC purchased a new position in American Airlines Group during the second quarter valued at $108,000. Zions Bancorporation raised its position in American Airlines Group by 4,368.9% in the first quarter. Zions Bancorporation now owns 4,022 shares of the airline’s stock valued at $165,000 after buying an additional 3,932 shares in the last quarter. Checchi Capital Advisers LLC raised its position in American Airlines Group by 0.9% in the second quarter. Checchi Capital Advisers LLC now owns 4,145 shares of the airline’s stock valued at $117,000 after buying an additional 37 shares in the last quarter. Finally, Pacific Global Investment Management CO raised its position in American Airlines Group by 1.5% in the first quarter. Pacific Global Investment Management CO now owns 5,001 shares of the airline’s stock valued at $205,000 after buying an additional 74 shares in the last quarter. 74.62% of the stock is currently owned by hedge funds and other institutional investors.

Shares of American Airlines Group Inc. (NASDAQ:AAL) traded down 1.37% during midday trading on Wednesday, hitting $34.67. The stock had a trading volume of 10,408,214 shares. American Airlines Group Inc. has a 12-month low of $24.85 and a 12-month high of $47.09. The firm has a market cap of $18.37 billion, a PE ratio of 3.28 and a beta of 0.97. The firm has a 50-day moving average of $36.11 and a 200 day moving average of $35.46.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Friday, July 22nd. The airline reported $1.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.09. American Airlines Group had a return on equity of 107.21% and a net margin of 16.50%. The company earned $10.40 billion during the quarter, compared to the consensus estimate of $10.27 billion. During the same period last year, the business earned $2.62 EPS. The business’s quarterly revenue was down 4.3% on a year-over-year basis. On average, analysts expect that American Airlines Group Inc. will post $5.43 earnings per share for the current year.

Several equities analysts have recently weighed in on AAL shares. Credit Suisse Group AG reaffirmed a “sell” rating and issued a $34.00 price objective on shares of American Airlines Group in a research note on Tuesday, September 13th. Citigroup Inc. started coverage on American Airlines Group in a research note on Friday, August 26th. They issued an “in-line” rating and a $40.00 price objective on the stock. Bank of America Corp. reissued an “underperform” rating and set a $29.00 price target (up from $27.00) on shares of American Airlines Group in a research report on Friday, July 15th. Vetr lowered American Airlines Group from a “strong-buy” rating to a “buy” rating and set a $41.42 price target on the stock. in a research report on Tuesday, August 30th. Finally, Deutsche Bank AG raised American Airlines Group from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Tuesday, July 12th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. American Airlines Group currently has a consensus rating of “Hold” and an average target price of $43.44.

In other news, EVP Beverly K. Goulet sold 20,000 shares of the stock in a transaction dated Wednesday, July 13th. The stock was sold at an average price of $35.00, for a total transaction of $700,000.00. Following the transaction, the executive vice president now owns 308,604 shares of the company’s stock, valued at approximately $10,801,140. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Maya Leibman sold 10,000 shares of the stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $36.34, for a total value of $363,400.00. Following the transaction, the executive vice president now directly owns 196,907 shares in the company, valued at approximately $7,155,600.38. The disclosure for this sale can be found here. Insiders own 0.64% of the company’s stock.

About American Airlines Group

American Airlines Group Inc (AAG) is a holding company whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc (American) and its regional subsidiaries, Envoy Aviation Group Inc (Envoy), Piedmont Airlines, Inc (Piedmont) and PSA Airlines, Inc (PSA).

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