Connor Clark & Lunn Investment Management Ltd. Reduces Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Connor Clark & Lunn Investment Management Ltd. lessened its stake in American Airlines Group Inc. (NASDAQ:AAL) by 58.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 485,099 shares of the airline’s stock after selling 681,957 shares during the quarter. Connor Clark & Lunn Investment Management Ltd. owned about 0.07% of American Airlines Group worth $8,455,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new stake in shares of American Airlines Group during the fourth quarter worth about $25,000. Brooklyn Investment Group grew its stake in American Airlines Group by 133.1% during the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after purchasing an additional 909 shares in the last quarter. Bfsg LLC increased its holdings in American Airlines Group by 269.3% during the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock worth $36,000 after purchasing an additional 1,500 shares during the last quarter. Quent Capital LLC raised its position in shares of American Airlines Group by 70.2% in the 4th quarter. Quent Capital LLC now owns 3,064 shares of the airline’s stock valued at $53,000 after purchasing an additional 1,264 shares in the last quarter. Finally, Principal Securities Inc. boosted its stake in shares of American Airlines Group by 139.6% during the 4th quarter. Principal Securities Inc. now owns 3,261 shares of the airline’s stock valued at $57,000 after buying an additional 1,900 shares during the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.

Wall Street Analyst Weigh In

AAL has been the subject of a number of research analyst reports. Melius upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Monday, January 6th. Raymond James restated an “outperform” rating and issued a $23.00 target price (down previously from $24.00) on shares of American Airlines Group in a research note on Friday, January 24th. Morgan Stanley lifted their price target on American Airlines Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. cut their price objective on American Airlines Group from $30.00 to $26.00 and set an “overweight” rating on the stock in a research note on Monday, March 3rd. Finally, Seaport Res Ptn raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, American Airlines Group currently has an average rating of “Moderate Buy” and a consensus target price of $19.37.

American Airlines Group Trading Up 1.9 %

Shares of NASDAQ AAL opened at $10.87 on Friday. The stock has a 50 day simple moving average of $15.95 and a 200-day simple moving average of $14.43. The company has a market cap of $7.15 billion, a PE ratio of 9.54, a P/E/G ratio of 0.21 and a beta of 1.27. American Airlines Group Inc. has a 12-month low of $9.07 and a 12-month high of $19.10.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. Sell-side analysts forecast that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

Insider Transactions at American Airlines Group

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $17.21, for a total value of $1,763,009.61. Following the completion of the sale, the chief executive officer now owns 2,967,984 shares in the company, valued at $51,079,004.64. This represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the transaction, the senior vice president now directly owns 112,412 shares in the company, valued at approximately $1,927,865.80. The trade was a 31.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

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