Texas Permanent School Fund sells 5,295 shares of American Airlines Group Inc. (NASDAQ:AAL)


The Texas Permanent School Fund reduced its position in American Airlines Group Inc. (NASDAQ: AAL – Get Rating) by 5.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The company held 84,016 shares of the airline after selling 5,295 shares during the quarter. The Texas Permanent School Fund’s holdings in American Airlines Group were worth $1,533,000 when it last filed with the SEC.

A number of other institutional investors and hedge funds also bought and sold shares of AAL. CENTRAL TRUST Co increased its position in American Airlines Group by 6,685.7% during the first quarter. CENTRAL TRUST Co now owns 1,425 shares of the airline worth $26,000 after acquiring 1,404 additional shares during the period. Comprehensive Financial Consultants Institutional Inc. acquired a new stake in American Airlines Group in Q4 for $27,000. Private Capital Group LLC increased its stake in American Airlines Group by 207.4% in the 1st quarter. Private Capital Group LLC now owns 1,534 shares of the airline valued at $28,000 after purchasing an additional 1,035 shares during the period. Odey Asset Management Group Ltd bought a new stake in American Airlines Group in the 4th quarter at a value of $46,000. Finally, Hexagon Capital Partners LLC increased its stake in American Airlines Group by 66.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 2,514 shares of the airline valued at $46,000 after purchasing an additional 1,008 shares during the period. Institutional investors hold 53.70% of the company’s shares.

The American Airlines group grew by 1.7%

Shares of American Airlines Group opened at $15.25 on Friday. American Airlines Group Inc. has a 1-year minimum of $11.93 and a 1-year maximum of $22.35. The company has a market capitalization of $9.91 billion, a PE ratio of -5.03 and a beta of 1.53. The company’s 50-day moving average is $14.10 and its two-hundred-day moving average is $16.14.

American Airlines Group (NASDAQ:AAL – Get Rating) last released its results on Thursday, July 21. The airline reported earnings per share (EPS) of $0.76 for the quarter, beating consensus analyst estimates of $0.70 by $0.06. The company posted revenue of $13.42 billion for the quarter, versus analyst estimates of $13.40 billion. In the same quarter a year earlier, the company posted ($1.69) earnings per share. The company’s revenue for the quarter increased 79.5% year over year. Research analysts expect American Airlines Group Inc. to post EPS of -0.94 for the current year.

Wall Street analysts predict growth

AAL has been the subject of several analyst reports. Argus downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a report on Friday, July 8. Jefferies Financial Group reissued a “hold” rating and issued a $20.00 price target on American Airlines Group shares in a Monday, June 27 report. Morgan Stanley raised its price target on American Airlines Group shares from $21.00 to $22.00 and gave the company an “equal weight” rating in a Friday, April 22 research note. Deutsche Bank Aktiengesellschaft raised its price target on American Airlines Group shares from $23.00 to $25.00 and gave the company a “buy” rating in a Friday, April 22 research note . Finally, Susquehanna Bancshares cut its price target on American Airlines Group stock from $19.00 to $15.00 and set a “neutral” rating on the stock in a Tuesday, July 12 research note. Two investment analysts have assigned the stock a sell rating, eleven have assigned a hold rating and two have assigned the stock a buy rating. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $18.56.

About American Airlines Group

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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, D.C., as well as through partner gateways in London, Madrid, Seattle/Tacoma, Sydney and Tokyo.

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Institutional ownership by quarter for American Airlines Group (NASDAQ:AAL)



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