Sunbelt Securities Inc. Sells 4,626 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Sunbelt Securities Inc. reduced its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 31.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,268 shares of the airline’s stock after selling 4,626 shares during the quarter. Sunbelt Securities Inc.’s holdings in American Airlines Group were worth $115,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of AAL. Blue Trust Inc. grew its holdings in American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after purchasing an additional 911 shares during the period. UMB Bank n.a. boosted its position in shares of American Airlines Group by 404.3% during the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock worth $32,000 after purchasing an additional 2,264 shares in the last quarter. Sentry Investment Management LLC bought a new position in shares of American Airlines Group during the second quarter worth $36,000. ORG Partners LLC acquired a new position in shares of American Airlines Group in the 2nd quarter valued at $36,000. Finally, First Command Advisory Services Inc. bought a new stake in shares of American Airlines Group in the 2nd quarter valued at $43,000. 52.44% of the stock is owned by institutional investors.

American Airlines Group Stock Down 1.9 %

AAL stock opened at $16.92 on Friday. The company has a market cap of $11.12 billion, a price-to-earnings ratio of 51.27, a P/E/G ratio of 0.29 and a beta of 1.41. American Airlines Group Inc. has a twelve month low of $9.07 and a twelve month high of $18.20. The business has a 50 day moving average price of $14.06 and a two-hundred day moving average price of $11.94.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The business had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.50 billion. During the same period last year, the business earned $0.38 earnings per share. The firm’s revenue was up 1.2% on a year-over-year basis. On average, equities research analysts anticipate that American Airlines Group Inc. will post 1.62 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Seaport Res Ptn upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Morgan Stanley lifted their price objective on American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday. Sanford C. Bernstein raised American Airlines Group from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $14.00 to $24.00 in a research note on Tuesday, December 10th. Jefferies Financial Group lifted their price target on shares of American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research note on Wednesday, October 2nd. Finally, Susquehanna upped their price target on shares of American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a report on Wednesday, October 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.99.

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.