American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by Parkside Financial Bank & Trust

Parkside Financial Bank & Trust lowered its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 61.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,213 shares of the airline’s stock after selling 3,474 shares during the quarter. Parkside Financial Bank & Trust’s holdings in American Airlines Group were worth $39,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in AAL. Austin Private Wealth LLC purchased a new stake in American Airlines Group in the third quarter valued at approximately $723,000. Centiva Capital LP raised its position in American Airlines Group by 199.9% in the 3rd quarter. Centiva Capital LP now owns 149,304 shares of the airline’s stock valued at $1,678,000 after purchasing an additional 99,513 shares during the last quarter. Primecap Management Co. CA raised its position in American Airlines Group by 0.8% in the 3rd quarter. Primecap Management Co. CA now owns 57,339,666 shares of the airline’s stock valued at $644,498,000 after purchasing an additional 458,310 shares during the last quarter. Principal Financial Group Inc. boosted its stake in American Airlines Group by 107.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock worth $17,084,000 after purchasing an additional 787,671 shares during the period. Finally, Banco Santander S.A. purchased a new position in American Airlines Group during the 3rd quarter worth $672,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

Insider Buying and Selling at American Airlines Group

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

American Airlines Group Stock Down 3.3 %

American Airlines Group stock opened at $13.87 on Tuesday. The firm’s 50-day simple moving average is $16.87 and its 200 day simple moving average is $14.33. American Airlines Group Inc. has a 52 week low of $9.07 and a 52 week high of $19.10. The firm has a market capitalization of $9.12 billion, a PE ratio of 12.17, a P/E/G ratio of 0.21 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, research analysts expect that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AAL has been the subject of a number of research reports. Raymond James reaffirmed an “outperform” rating and issued a $23.00 target price (down from $24.00) on shares of American Airlines Group in a report on Friday, January 24th. Sanford C. Bernstein raised American Airlines Group from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $14.00 to $24.00 in a research report on Tuesday, December 10th. Susquehanna dropped their target price on American Airlines Group from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Bank of America raised shares of American Airlines Group from an “underperform” rating to a “neutral” rating and lifted their target price for the company from $12.00 to $20.00 in a report on Friday, January 17th. Finally, Evercore ISI increased their price target on shares of American Airlines Group to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 9th. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, American Airlines Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.70.

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.