Insigneo Advisory Services LLC Sells 11,587 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Insigneo Advisory Services LLC lessened its position in American Airlines Group Inc. (NASDAQ:AAL) by 46.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,413 shares of the airline’s stock after selling 11,587 shares during the quarter. Insigneo Advisory Services LLC’s holdings in American Airlines Group were worth $234,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Guggenheim Capital LLC raised its holdings in shares of American Airlines Group by 74.6% in the fourth quarter. Guggenheim Capital LLC now owns 54,617 shares of the airline’s stock worth $952,000 after buying an additional 23,335 shares during the period. XTX Topco Ltd bought a new stake in shares of American Airlines Group during the fourth quarter worth $1,367,000. CreativeOne Wealth LLC purchased a new position in American Airlines Group in the 4th quarter worth about $243,000. Rockefeller Capital Management L.P. boosted its position in American Airlines Group by 3,191.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,070,132 shares of the airline’s stock valued at $18,652,000 after buying an additional 1,037,617 shares during the period. Finally, Sterling Capital Management LLC increased its position in shares of American Airlines Group by 53.1% during the fourth quarter. Sterling Capital Management LLC now owns 36,762 shares of the airline’s stock worth $641,000 after acquiring an additional 12,748 shares during the period. 52.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AAL shares. Citigroup decreased their target price on American Airlines Group from $21.50 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, March 18th. Barclays reduced their price target on shares of American Airlines Group from $16.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Redburn Partners raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Wednesday, February 26th. The Goldman Sachs Group cut American Airlines Group from a “neutral” rating to a “sell” rating and dropped their target price for the company from $16.00 to $8.00 in a research report on Tuesday, April 8th. Finally, TD Cowen raised their price objective on American Airlines Group to $26.00 and gave the company a “buy” rating in a research report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $16.95.

Insider Transactions 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 transaction of $890,187.90. Following the sale, 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 position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.49% of the company’s stock.

American Airlines Group Stock Performance

Shares of AAL stock opened at $9.46 on Friday. The stock’s 50-day simple moving average is $12.12 and its 200-day simple moving average is $14.28. The firm has a market capitalization of $6.22 billion, a PE ratio of 8.30, a P/E/G ratio of 0.21 and a beta of 1.17. American Airlines Group Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $19.10.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. Sell-side analysts forecast that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

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.