Sei Investments Co. Has $17.05 Million Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Sei Investments Co. decreased its stake in American Airlines Group Inc. (NASDAQ:AAL) by 12.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 978,262 shares of the airline’s stock after selling 143,223 shares during the quarter. Sei Investments Co. owned 0.15% of American Airlines Group worth $17,051,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Centiva Capital LP raised its position in shares of 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 acquiring an additional 99,513 shares during the period. Decker Retirement Planning Inc. acquired a new stake in American Airlines Group in the fourth quarter worth $9,482,000. Amundi boosted its position in shares of American Airlines Group by 31,647.8% during the fourth quarter. Amundi now owns 426,691 shares of the airline’s stock worth $7,510,000 after purchasing an additional 425,347 shares in the last quarter. MetLife Investment Management LLC grew its holdings in shares of American Airlines Group by 92.8% in the 3rd quarter. MetLife Investment Management LLC now owns 341,525 shares of the airline’s stock valued at $3,839,000 after buying an additional 164,376 shares during the period. Finally, Contravisory Investment Management Inc. bought a new stake in shares of American Airlines Group in the 4th quarter valued at $689,000. Institutional investors own 52.44% of the company’s stock.

Analysts Set New Price Targets

AAL has been the subject of a number of research analyst reports. Susquehanna decreased their target price on American Airlines Group from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Melius Research upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Sanford C. Bernstein upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $14.00 to $24.00 in a report on Tuesday, December 10th. TD Cowen upped their price target on shares of American Airlines Group to $26.00 and gave the company a “buy” rating in a report on Thursday, March 13th. Finally, Evercore ISI raised their price objective on shares of American Airlines Group to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 9th. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, American Airlines Group has an average rating of “Moderate Buy” and an average price target of $19.30.

American Airlines Group Price Performance

American Airlines Group stock opened at $11.14 on Friday. The company’s 50-day moving average is $14.78 and its 200-day moving average is $14.45. The firm has a market capitalization of $7.33 billion, a PE ratio of 9.77, a P/E/G ratio of 0.21 and a beta of 1.27. American Airlines Group Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $19.10.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data 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 negative return on equity of 28.56% and a net margin of 1.56%. As a group, analysts expect that American Airlines Group Inc. will post 2.42 EPS for the current year.

Insider Buying and Selling at American Airlines Group

In other news, SVP Angela Owens sold 51,906 shares of the stock in a transaction dated Monday, January 27th. The shares were 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 of the company’s stock, valued at $1,927,865.80. This represents a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.49% of the company’s stock.

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.