American Airlines Group Inc. (NASDAQ:AAL) Position Reduced by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. trimmed its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 65.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 112,079 shares of the airline’s stock after selling 212,351 shares during the quarter. Daiwa Securities Group Inc.’s holdings in American Airlines Group were worth $1,540,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the stock. CWM LLC lifted its position in shares of American Airlines Group by 5.2% in the 3rd quarter. CWM LLC now owns 25,596 shares of the airline’s stock worth $328,000 after buying an additional 1,259 shares during the last quarter. IFP Advisors Inc lifted its position in shares of American Airlines Group by 34.8% in the 3rd quarter. IFP Advisors Inc now owns 13,387 shares of the airline’s stock worth $171,000 after buying an additional 3,457 shares during the last quarter. Advisory Alpha LLC bought a new position in shares of American Airlines Group in the 3rd quarter worth about $138,000. Czech National Bank lifted its position in shares of American Airlines Group by 47.8% in the 3rd quarter. Czech National Bank now owns 114,194 shares of the airline’s stock worth $1,463,000 after buying an additional 36,932 shares during the last quarter. Finally, Handelsbanken Fonder AB lifted its position in shares of American Airlines Group by 17.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 120,700 shares of the airline’s stock worth $1,546,000 after buying an additional 17,500 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors.

American Airlines Group Trading Down 2.1 %

NASDAQ:AAL opened at $14.23 on Wednesday. American Airlines Group Inc. has a twelve month low of $10.86 and a twelve month high of $19.08. The company has a 50-day moving average of $14.51 and a 200-day moving average of $13.61. The firm has a market cap of $9.32 billion, a price-to-earnings ratio of 12.94, a price-to-earnings-growth ratio of 0.12 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, January 25th. The airline reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.18. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. The company had revenue of $13.06 billion during the quarter, compared to analyst estimates of $13.01 billion. During the same quarter last year, the firm posted $1.17 EPS. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. On average, research analysts forecast that American Airlines Group Inc. will post 2.45 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on AAL shares. Sanford C. Bernstein raised their price target on shares of American Airlines Group from $20.00 to $21.00 and gave the stock an “outperform” rating in a research report on Tuesday, March 5th. Wolfe Research raised shares of American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 price objective on the stock in a report on Monday, January 22nd. Seaport Res Ptn raised shares of American Airlines Group from a “neutral” rating to a “buy” rating in a report on Friday, January 26th. Evercore ISI reaffirmed a “hold” rating and issued a $17.00 price objective on shares of American Airlines Group in a report on Monday, January 29th. Finally, TD Cowen raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $14.00 to $21.00 in a report on Friday, January 26th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $17.53.

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.