Profund Advisors LLC decreased its position in shares of American Airlines Group, Inc. (NASDAQ:AAL) by 8.4% during the third quarter, Holdings Channel reports. The fund owned 41,685 shares of the airline’s stock after selling 3,804 shares during the period. Profund Advisors LLC’s holdings in American Airlines Group were worth $1,526,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AAL. Van Hulzen Asset Management LLC bought a new position in shares of American Airlines Group during the third quarter worth about $106,000. Checchi Capital Advisers LLC raised its position in shares of American Airlines Group by 0.9% in the second quarter. Checchi Capital Advisers LLC now owns 4,145 shares of the airline’s stock worth $117,000 after buying an additional 37 shares during the last quarter. Evercore Wealth Management LLC raised its position in shares of American Airlines Group by 60.1% in the second quarter. Evercore Wealth Management LLC now owns 4,601 shares of the airline’s stock worth $130,000 after buying an additional 1,727 shares during the last quarter. Cribstone Capital Management LLC raised its position in shares of American Airlines Group by 7.2% in the third quarter. Cribstone Capital Management LLC now owns 4,105 shares of the airline’s stock worth $161,000 after buying an additional 275 shares during the last quarter. Finally, RS Investment Management Co. LLC raised its position in shares of American Airlines Group by 111.1% in the second quarter. RS Investment Management Co. LLC now owns 5,974 shares of the airline’s stock worth $169,000 after buying an additional 3,144 shares during the last quarter. 76.07% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

Shares of American Airlines Group, Inc. (NASDAQ:AAL) traded down 0.94% during midday trading on Friday, hitting $47.65. 3,541,680 shares of the company’s stock were exchanged. The firm has a market cap of $24.69 billion, a PE ratio of 4.94 and a beta of 0.96. The stock’s 50-day moving average price is $47.30 and its 200 day moving average price is $38.96. American Airlines Group, Inc. has a one year low of $24.85 and a one year high of $50.64.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, October 20th. The airline reported $2.80 EPS for the quarter, topping the consensus estimate of $1.57 by $1.23. American Airlines Group had a net margin of 14.16% and a return on equity of 95.17%. The business had revenue of $10.60 billion for the quarter, compared to analyst estimates of $5.43 billion. During the same period in the previous year, the firm earned $2.77 EPS. The business’s revenue for the quarter was down 1.0% compared to the same quarter last year. Equities research analysts forecast that American Airlines Group, Inc. will post $5.69 EPS for the current year.

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A number of research firms have recently weighed in on AAL. Morgan Stanley reiterated an “overweight” rating on shares of American Airlines Group in a research note on Friday, December 16th. Vetr lowered shares of American Airlines Group from a “hold” rating to a “sell” rating and set a $47.00 price objective on the stock. in a research note on Wednesday, December 7th. Citigroup Inc. began coverage on shares of American Airlines Group in a research note on Friday, November 18th. They issued a “buy” rating and a $55.00 price objective on the stock. TheStreet upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating in a research note on Monday, October 31st. Finally, Barclays PLC assumed coverage on shares of American Airlines Group in a research note on Thursday, December 15th. They issued an “equal weight” rating and a $62.00 price objective on the stock. Four equities research analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the stock. American Airlines Group presently has a consensus rating of “Hold” and a consensus price target of $46.14.

In other American Airlines Group news, Chairman W Douglas Parker sold 4,129 shares of the company’s stock in a transaction dated Wednesday, January 11th. The shares were sold at an average price of $49.00, for a total value of $202,321.00. Following the transaction, the chairman now directly owns 1,631,370 shares in the company, valued at approximately $79,937,130. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, President Robert D. Isom, Jr. sold 20,000 shares of the company’s stock in a transaction dated Friday, December 16th. The shares were sold at an average price of $48.61, for a total transaction of $972,200.00. Following the completion of the transaction, the president now owns 555,179 shares in the company, valued at $26,987,251.19. The disclosure for this sale can be found here. 0.64% of the stock is currently owned by company insiders.

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).

5 Day Chart for NASDAQ:AAL

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