Kwmg LLC Reduces Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Kwmg LLC decreased its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 3.2% during the fourth quarter, Holdings Channel reports. The fund owned 385,586 shares of the airline’s stock after selling 12,741 shares during the period. Kwmg LLC’s holdings in American Airlines Group were worth $6,721,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of AAL. Blue Trust Inc. boosted its stake in shares of American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after buying an additional 911 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of American Airlines Group during the 3rd quarter worth $55,000. KBC Group NV increased its stake in shares of American Airlines Group by 55.8% in the 3rd quarter. KBC Group NV now owns 6,152 shares of the airline’s stock worth $69,000 after purchasing an additional 2,204 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of American Airlines Group by 44.3% during the 3rd quarter. GAMMA Investing LLC now owns 9,932 shares of the airline’s stock valued at $112,000 after buying an additional 3,047 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in American Airlines Group in the 3rd quarter worth approximately $114,000. Institutional investors own 52.44% of the company’s stock.

Insider Transactions at American Airlines Group

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $17.21, for a total value of $1,763,009.61. Following the transaction, the chief executive officer now directly owns 2,967,984 shares in the company, valued at $51,079,004.64. This represents a 3.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AAL shares. Raymond James raised American Airlines Group from a “market perform” rating to an “outperform” rating and set a $24.00 price target on the stock in a report on Monday, December 30th. Susquehanna boosted their price target on American Airlines Group from $14.00 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, January 7th. Bank of America lifted their price objective on shares of American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a research report on Friday, October 25th. Melius upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Monday, January 6th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and issued a $15.00 price target on shares of American Airlines Group in a report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $18.42.

American Airlines Group Stock Performance

NASDAQ AAL traded down $0.75 on Monday, hitting $17.63. 25,377,445 shares of the stock were exchanged, compared to its average volume of 27,125,059. American Airlines Group Inc. has a 52-week low of $9.07 and a 52-week high of $18.45. The firm has a market capitalization of $11.59 billion, a P/E ratio of 53.43, a P/E/G ratio of 0.29 and a beta of 1.35. The stock has a fifty day moving average price of $15.87 and a two-hundred day moving average price of $12.77.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating the consensus estimate of $0.16 by $0.14. The company had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.38 EPS. Sell-side analysts expect that American Airlines Group Inc. will post 1.62 earnings per share for the current fiscal year.

About American Airlines Group

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