Candriam Luxembourg S.C.A. trimmed its stake in shares of American Airlines Group Inc (NASDAQ:AAL) by 74.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,000 shares of the airline’s stock after selling 38,752 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in American Airlines Group were worth $170,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently modified their holdings of the company. XTX Markets LLC bought a new position in shares of American Airlines Group during the second quarter worth about $277,000. TB Alternative Assets Ltd. bought a new position in shares of American Airlines Group during the second quarter worth about $5,038,000. New York State Teachers Retirement System raised its position in shares of American Airlines Group by 1.3% during the second quarter. New York State Teachers Retirement System now owns 503,045 shares of the airline’s stock worth $6,575,000 after acquiring an additional 6,642 shares during the last quarter. Financial Advisory Service Inc. acquired a new stake in American Airlines Group during the second quarter worth approximately $206,000. Finally, Provident Wealth Management LLC acquired a new stake in American Airlines Group during the second quarter worth approximately $281,000. Institutional investors own 69.65% of the company’s stock.
Several research firms recently commented on AAL. Barclays cut American Airlines Group from an “equal weight” rating to an “underweight” rating in a research note on Monday, May 4th. Raymond James raised American Airlines Group from an “underperform” rating to a “market perform” rating in a research note on Monday, July 27th. Deutsche Bank reissued a “buy” rating and issued a $18.00 price objective on shares of American Airlines Group in a research note on Monday, July 20th. Citigroup raised their price objective on American Airlines Group from $9.00 to $14.00 and gave the company a “sell” rating in a research note on Monday, June 15th. Finally, Zacks Investment Research cut American Airlines Group from a “hold” rating to a “sell” rating and set a $10.00 price objective for the company. in a research note on Monday, May 18th. Ten investment analysts have rated the stock with a sell rating, seven have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $15.63.
Shares of NASDAQ:AAL opened at $11.12 on Friday. American Airlines Group Inc has a 12-month low of $8.25 and a 12-month high of $31.67. The business’s 50 day moving average is $13.14 and its 200 day moving average is $16.25.
American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, July 23rd. The airline reported ($7.82) EPS for the quarter, missing the Zacks’ consensus estimate of ($7.03) by ($0.79). The business had revenue of $1.62 billion for the quarter, compared to the consensus estimate of $1.52 billion. American Airlines Group had a negative return on equity of 124.31% and a negative net margin of 10.40%. The business’s revenue was down 86.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.82 earnings per share. As a group, research analysts predict that American Airlines Group Inc will post -18.24 earnings per share for the current fiscal year.
American Airlines Group Company Profile
American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.
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