Gofen & Glossberg LLC IL trimmed its holdings in shares of American Airlines Group Inc (NASDAQ:AAL) by 2.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 117,705 shares of the airline’s stock after selling 2,747 shares during the period. Gofen & Glossberg LLC IL’s holdings in American Airlines Group were worth $6,124,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in AAL. Westside Investment Management Inc. lifted its stake in American Airlines Group by 3.5% during the 2nd quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock valued at $111,000 after acquiring an additional 72 shares during the period. WFG Advisors LP lifted its stake in American Airlines Group by 28.1% during the 2nd quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock valued at $119,000 after acquiring an additional 519 shares during the period. Exane Derivatives lifted its stake in American Airlines Group by 416.3% during the 3rd quarter. Exane Derivatives now owns 2,592 shares of the airline’s stock valued at $123,000 after acquiring an additional 2,090 shares during the period. IHT Wealth Management LLC lifted its stake in American Airlines Group by 516.8% during the 2nd quarter. IHT Wealth Management LLC now owns 2,387 shares of the airline’s stock valued at $126,000 after acquiring an additional 2,000 shares during the period. Finally, Blue Granite Capital LLC acquired a new stake in American Airlines Group during the 3rd quarter valued at approximately $131,000. Institutional investors and hedge funds own 81.22% of the company’s stock.

American Airlines Group Inc (NASDAQ AAL) opened at $57.98 on Wednesday. The company has a quick ratio of 0.57, a current ratio of 0.65 and a debt-to-equity ratio of 5.63. American Airlines Group Inc has a 12 month low of $39.21 and a 12 month high of $59.08. The stock has a market cap of $27,740.00, a price-to-earnings ratio of 14.75, a P/E/G ratio of 5.29 and a beta of 0.99.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, October 26th. The airline reported $1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.02. The company had revenue of $10.88 billion during the quarter, compared to analysts’ expectations of $10.88 billion. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the prior year, the business posted $2.80 earnings per share. research analysts anticipate that American Airlines Group Inc will post 4.8 earnings per share for the current year.

Several analysts have commented on the stock. Buckingham Research restated a “buy” rating and set a $71.00 price objective (up from $66.00) on shares of American Airlines Group in a research note on Thursday, January 11th. Citigroup boosted their target price on shares of American Airlines Group to $65.00 and gave the company a “buy” rating in a research note on Thursday, January 11th. Imperial Capital reiterated an “in-line” rating and issued a $53.00 target price (up from $47.00) on shares of American Airlines Group in a research note on Thursday, January 11th. BidaskClub upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Finally, Bank of America upgraded shares of American Airlines Group from an “underperform” rating to a “buy” rating and set a $64.00 target price for the company in a research note on Tuesday, January 9th. One analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $60.35.

In other American Airlines Group news, Director Alberto Ibarguen sold 4,229 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $47.60, for a total transaction of $201,300.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO W Douglas Parker sold 224,572 shares of the company’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $52.32, for a total transaction of $11,749,607.04. Following the transaction, the chief executive officer now owns 1,925,242 shares of the company’s stock, valued at $100,728,661.44. The disclosure for this sale can be found here. Corporate insiders own 0.69% of the company’s stock.

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About American Airlines Group

American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.

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

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