Evanson Asset Management LLC Sells 8,608 Shares of American Airlines Group, Inc. (AAL)

Evanson Asset Management LLC cut its stake in American Airlines Group, Inc. (NASDAQ:AAL) by 35.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,458 shares of the airline’s stock after selling 8,608 shares during the period. Evanson Asset Management LLC’s holdings in American Airlines Group were worth $778,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the company. Holderness Investments Co. increased its position in shares of American Airlines Group by 2.5% in the first quarter. Holderness Investments Co. now owns 6,112 shares of the airline’s stock worth $259,000 after buying an additional 151 shares in the last quarter. LMR Partners LLP increased its position in shares of American Airlines Group by 1.6% in the first quarter. LMR Partners LLP now owns 21,540 shares of the airline’s stock worth $911,000 after buying an additional 329 shares in the last quarter. Pacer Advisors Inc. increased its position in shares of American Airlines Group by 3.5% in the first quarter. Pacer Advisors Inc. now owns 15,459 shares of the airline’s stock worth $654,000 after buying an additional 520 shares in the last quarter. Thrivent Financial For Lutherans increased its position in shares of American Airlines Group by 2.6% in the first quarter. Thrivent Financial For Lutherans now owns 21,377 shares of the airline’s stock worth $915,000 after buying an additional 550 shares in the last quarter. Finally, Hennessy Advisors Inc. increased its position in shares of American Airlines Group by 1.3% in the first quarter. Hennessy Advisors Inc. now owns 46,500 shares of the airline’s stock worth $1,967,000 after buying an additional 600 shares in the last quarter. 80.65% of the stock is owned by institutional investors.

Shares of American Airlines Group, Inc. (NASDAQ:AAL) traded down 0.70% during mid-day trading on Monday, hitting $52.66. The stock had a trading volume of 4,599,609 shares. The stock has a market cap of $25.94 billion, a price-to-earnings ratio of 12.63 and a beta of 0.97. American Airlines Group, Inc. has a one year low of $29.70 and a one year high of $53.38. The firm has a 50 day moving average of $48.29 and a 200 day moving average of $46.07. American Airlines Group also saw some unusual options trading on Monday. Stock traders acquired 1,841 put options on the company. This is an increase of 221% compared to the typical daily volume of 574 put options.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, April 27th. The airline reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.57 by $0.04. The company had revenue of $9.62 billion for the quarter, compared to the consensus estimate of $9.62 billion. American Airlines Group had a return on equity of 81.88% and a net margin of 5.47%. The company’s quarterly revenue was up 2.0% on a year-over-year basis. During the same period in the previous year, the business earned $1.25 earnings per share. On average, analysts forecast that American Airlines Group, Inc. will post $4.95 earnings per share for the current year.

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AAL has been the subject of a number of analyst reports. Imperial Capital reissued an “outperform” rating and issued a $46.00 price target (down previously from $51.00) on shares of American Airlines Group in a report on Friday, March 17th. Cowen and Company reduced their price target on American Airlines Group from $49.00 to $46.00 and set a “market perform” rating for the company in a report on Monday, March 20th. Vetr downgraded American Airlines Group from a “strong-buy” rating to a “buy” rating and set a $43.00 price target for the company. in a report on Wednesday, March 22nd. J P Morgan Chase & Co downgraded American Airlines Group from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $59.00 to $52.00 in a report on Thursday, April 27th. Finally, Deutsche Bank AG reduced their price target on American Airlines Group from $55.00 to $54.00 and set a “buy” rating for the company in a report on Friday, April 28th. Four research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $48.10.

In other American Airlines Group news, VP Derek J. Kerr sold 104,223 shares of American Airlines Group stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $50.00, for a total transaction of $5,211,150.00. Following the sale, the vice president now directly owns 591,195 shares of the company’s stock, valued at $29,559,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maya Leibman sold 23,857 shares of American Airlines Group stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $47.24, for a total value of $1,127,004.68. Following the sale, the executive vice president now directly owns 182,178 shares in the company, valued at $8,606,088.72. The disclosure for this sale can be found here. Insiders have sold 161,480 shares of company stock worth $7,999,471 over the last ninety days. Company insiders own 0.64% of the company’s stock.

American Airlines Group Company Profile

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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