American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich decreased its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 19.2% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,741 shares of the airline’s stock after selling 888 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in American Airlines Group were worth $59,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Retirement Systems of Alabama boosted its holdings in shares of American Airlines Group by 9.5% during the fourth quarter. Retirement Systems of Alabama now owns 224,355 shares of the airline’s stock worth $3,538,000 after purchasing an additional 19,377 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in shares of American Airlines Group by 233.1% during the fourth quarter. Janney Montgomery Scott LLC now owns 73,285 shares of the airline’s stock worth $1,156,000 after purchasing an additional 51,286 shares during the last quarter. Texas Permanent School Fund boosted its holdings in shares of American Airlines Group by 11.3% during the fourth quarter. Texas Permanent School Fund now owns 103,919 shares of the airline’s stock worth $1,639,000 after purchasing an additional 10,521 shares during the last quarter. Zweig DiMenna Associates LLC boosted its holdings in shares of American Airlines Group by 3.6% during the fourth quarter. Zweig DiMenna Associates LLC now owns 552,758 shares of the airline’s stock worth $8,717,000 after purchasing an additional 19,360 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in shares of American Airlines Group by 11.1% during the fourth quarter. Principal Financial Group Inc. now owns 794,297 shares of the airline’s stock worth $12,526,000 after purchasing an additional 79,208 shares during the last quarter. Institutional investors and hedge funds own 44.41% of the company’s stock.

Several equities research analysts have recently issued reports on the company. Cowen cut American Airlines Group from an “outperform” rating to a “market perform” rating in a report on Monday, January 11th. Jefferies Financial Group upgraded American Airlines Group from an “underperform” rating to a “hold” rating and lifted their target price for the company from $15.00 to $25.00 in a report on Tuesday, March 30th. Zacks Investment Research upgraded American Airlines Group from a “sell” rating to a “hold” rating and set a $19.00 target price on the stock in a report on Thursday, February 18th. Morgan Stanley started coverage on American Airlines Group in a report on Tuesday. They issued an “underweight” rating and a $20.00 target price on the stock. Finally, Deutsche Bank Aktiengesellschaft upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Monday, March 1st. Eight investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.80.

NASDAQ:AAL opened at $23.93 on Thursday. The business’s 50-day moving average is $22.18 and its two-hundred day moving average is $16.43. American Airlines Group Inc. has a 12 month low of $8.25 and a 12 month high of $26.09. The firm has a market capitalization of $15.35 billion, a PE ratio of -1.73 and a beta of 1.82.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Wednesday, January 27th. The airline reported ($3.86) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($4.11) by $0.25. The business had revenue of $4.03 billion for the quarter, compared to analysts’ expectations of $3.86 billion. During the same period in the previous year, the firm posted $1.15 earnings per share. The firm’s revenue was down 64.4% compared to the same quarter last year. On average, research analysts predict that American Airlines Group Inc. will post -19.77 EPS for the current fiscal year.

American Airlines Group Company Profile

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, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

Further Reading: Special Purpose Acquisition Company (SPAC)

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

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