PNC Financial Services Group Inc. grew its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL – Get Rating) by 6.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 47,566 shares of the airline’s stock after purchasing an additional 3,005 shares during the quarter. PNC Financial Services Group Inc.’s holdings in American Airlines Group were worth $605,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC increased its position in shares of American Airlines Group by 46.0% during the 3rd quarter. Quadrant Capital Group LLC now owns 2,136 shares of the airline’s stock valued at $26,000 after purchasing an additional 673 shares during the last quarter. Quent Capital LLC increased its holdings in American Airlines Group by 45.8% in the 4th quarter. Quent Capital LLC now owns 2,374 shares of the airline’s stock worth $30,000 after acquiring an additional 746 shares in the last quarter. General Partner Inc. purchased a new stake in American Airlines Group in the 4th quarter worth approximately $30,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in American Airlines Group in the 4th quarter worth approximately $33,000. Finally, Covestor Ltd increased its holdings in American Airlines Group by 193.5% in the 1st quarter. Covestor Ltd now owns 2,721 shares of the airline’s stock worth $50,000 after acquiring an additional 1,794 shares in the last quarter. Hedge funds and other institutional investors own 54.84% of the company’s stock.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on AAL shares. The Goldman Sachs Group increased their target price on shares of American Airlines Group from $14.00 to $15.00 in a report on Wednesday. Susquehanna cut their price objective on shares of American Airlines Group from $15.00 to $14.00 and set a “neutral” rating for the company in a report on Thursday, April 13th. JPMorgan Chase & Co. raised shares of American Airlines Group from a “neutral” rating to an “overweight” rating and increased their price objective for the company from $26.00 to $29.00 in a report on Monday, May 8th. Citigroup cut their price objective on shares of American Airlines Group from $18.50 to $16.25 and set a “neutral” rating for the company in a report on Wednesday, April 5th. Finally, Morgan Stanley increased their price objective on shares of American Airlines Group from $19.00 to $20.00 in a report on Friday, April 28th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $17.82.
American Airlines Group Stock Performance
American Airlines Group (NASDAQ:AAL – Get Rating) last issued its quarterly earnings results on Thursday, April 27th. The airline reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.01. The company had revenue of $12.19 billion during the quarter, compared to the consensus estimate of $12.20 billion. American Airlines Group had a negative return on equity of 26.84% and a net margin of 3.39%. American Airlines Group’s revenue was up 37.0% on a year-over-year basis. During the same period last year, the company earned ($2.32) earnings per share. As a group, equities analysts predict that American Airlines Group Inc. will post 2.63 EPS for the current fiscal year.
Insider Buying and Selling
In related news, SVP Angela Owens sold 21,984 shares of the firm’s stock in a transaction on Monday, May 1st. The stock was sold at an average price of $13.79, for a total value of $303,159.36. Following the completion of the sale, the senior vice president now directly owns 59,830 shares in the company, valued at $825,055.70. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other American Airlines Group news, SVP Angela Owens sold 21,984 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $13.79, for a total value of $303,159.36. Following the sale, the senior vice president now owns 59,830 shares in the company, valued at $825,055.70. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Douglas M. Steenland sold 1,950 shares of the stock in a transaction on Monday, May 15th. The stock was sold at an average price of $14.10, for a total value of $27,495.00. Following the completion of the sale, the director now owns 29,736 shares in the company, valued at approximately $419,277.60. The disclosure for this sale can be found here. Insiders sold a total of 25,934 shares of company stock worth $358,414 over the last three months. 0.78% of the stock is owned by insiders.
American Airlines Group Company Profile
American Airlines Group, Inc is a holding company, which engages in the operation of a network carrier through its principal wholly-owned mainline operating subsidiary, American. The firm offers air transportation for passengers and cargo. It operates through the following geographical segments: Department of Transportation Domestic, Department of Transportation Latin America, Department of Transportation Atlantic, and Department of Transportation Pacific.
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