American Airlines Group Inc. (NASDAQ:AAL) CEO Sells $1,763,009.61 in Stock

American Airlines Group Inc. (NASDAQ:AAL) CEO Robert D. Isom, Jr. sold 102,441 shares of the firm’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $17.21, for a total value 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 represents a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

American Airlines Group Trading Down 1.1 %

AAL stock opened at $17.43 on Thursday. The business’s 50-day moving average price is $15.30 and its two-hundred day moving average price is $12.45. The firm has a market cap of $11.45 billion, a PE ratio of 52.82, a P/E/G ratio of 0.29 and a beta of 1.41. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $18.20.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The company’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.38 earnings per share. On average, analysts forecast that American Airlines Group Inc. will post 1.62 earnings per share for the current year.

Wall Street Analyst Weigh In

AAL has been the subject of several research reports. BNP Paribas raised American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. The Goldman Sachs Group reissued a “neutral” rating and issued a $15.00 target price on shares of American Airlines Group in a research note on Friday, November 15th. Susquehanna lifted their target price on American Airlines Group from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, October 9th. Jefferies Financial Group lifted their target price on 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, Sanford C. Bernstein raised American Airlines Group from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $14.00 to $24.00 in a research note on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $16.44.

Institutional Trading of American Airlines Group

A number of institutional investors have recently modified their holdings of AAL. Allspring Global Investments Holdings LLC lifted its holdings in shares of American Airlines Group by 4.7% in the second quarter. Allspring Global Investments Holdings LLC now owns 32,490 shares of the airline’s stock valued at $368,000 after purchasing an additional 1,459 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of American Airlines Group by 57.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 127,926 shares of the airline’s stock valued at $1,449,000 after acquiring an additional 46,495 shares during the last quarter. UMB Bank n.a. increased its position in shares of American Airlines Group by 404.3% in the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after acquiring an additional 2,264 shares during the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its position in shares of American Airlines Group by 17.9% in the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 23,357 shares of the airline’s stock valued at $265,000 after acquiring an additional 3,540 shares during the last quarter. Finally, Signaturefd LLC increased its position in shares of American Airlines Group by 16.5% in the second quarter. Signaturefd LLC now owns 9,470 shares of the airline’s stock valued at $107,000 after acquiring an additional 1,343 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors.

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.