American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by Cim Investment Management Inc.

Cim Investment Management Inc. lowered its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 2.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 34,819 shares of the airline’s stock after selling 935 shares during the quarter. Cim Investment Management Inc.’s holdings in American Airlines Group were worth $391,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of AAL. Blue Trust Inc. raised its stake in American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after acquiring an additional 911 shares during the period. UMB Bank n.a. lifted its holdings in shares of American Airlines Group by 404.3% in the 2nd 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 during the last quarter. ORG Partners LLC acquired a new stake in American Airlines Group in the second quarter worth $36,000. Sentry Investment Management LLC acquired a new position in shares of American Airlines Group during the second quarter valued at $36,000. Finally, First Command Advisory Services Inc. bought a new stake in American Airlines Group in the 2nd quarter valued at about $43,000. Institutional investors own 52.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on AAL shares. Jefferies Financial Group lifted their price target on American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a report on Wednesday, October 2nd. BNP Paribas upgraded American Airlines Group to a “hold” rating in a research report on Thursday, September 19th. TD Cowen raised their price target on American Airlines Group from $10.00 to $17.00 and gave the company a “hold” rating in a report on Friday, December 6th. Scotiabank raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a report on Thursday, December 5th. Finally, Morgan Stanley raised their target price on shares of American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, American Airlines Group presently has an average rating of “Moderate Buy” and a consensus target price of $15.99.

American Airlines Group Price Performance

AAL stock opened at $17.24 on Friday. The firm has a market capitalization of $11.33 billion, a P/E ratio of 52.24, a P/E/G ratio of 0.30 and a beta of 1.41. American Airlines Group Inc. has a 52-week low of $9.07 and a 52-week high of $18.20. The company’s 50 day simple moving average is $13.95 and its 200-day simple moving average is $11.93.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.16 by $0.14. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The firm had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. During the same period in the prior year, the business earned $0.38 EPS. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts predict that American Airlines Group Inc. will post 1.53 EPS for the current fiscal year.

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.