American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by Kentucky Retirement Systems Insurance Trust Fund

Kentucky Retirement Systems Insurance Trust Fund lessened its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 7.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,591 shares of the airline’s stock after selling 1,692 shares during the quarter. Kentucky Retirement Systems Insurance Trust Fund’s holdings in American Airlines Group were worth $331,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Vermillion & White Wealth Management Group LLC purchased a new position in shares of American Airlines Group during the fourth quarter worth $27,000. Quarry LP acquired a new stake in American Airlines Group during the 4th quarter worth about $34,000. GAMMA Investing LLC purchased a new position in shares of American Airlines Group during the 4th quarter valued at about $38,000. GoalVest Advisory LLC acquired a new position in shares of American Airlines Group in the 1st quarter valued at about $38,000. Finally, Baystate Wealth Management LLC boosted its stake in shares of American Airlines Group by 267.1% in the fourth quarter. Baystate Wealth Management LLC now owns 3,924 shares of the airline’s stock worth $54,000 after buying an additional 2,855 shares during the last quarter. 52.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on AAL shares. Susquehanna decreased their price target on American Airlines Group from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, May 30th. Evercore ISI decreased their target price on shares of American Airlines Group to $10.00 in a research note on Friday. HSBC started coverage on shares of American Airlines Group in a research report on Monday, May 13th. They set a “buy” rating and a $17.90 price target on the stock. Evercore lowered their target price on shares of American Airlines Group from $13.00 to $10.00 in a research note on Friday. Finally, Jefferies Financial Group cut American Airlines Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $17.00 to $12.00 in a research report on Wednesday, May 29th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $13.80.

American Airlines Group Stock Performance

Shares of NASDAQ AAL traded down $0.13 during mid-day trading on Monday, reaching $10.49. The company’s stock had a trading volume of 16,201,059 shares, compared to its average volume of 34,528,289. The stock has a 50-day moving average of $11.51 and a two-hundred day moving average of $13.39. The stock has a market capitalization of $6.89 billion, a P/E ratio of 17.48, a P/E/G ratio of 0.36 and a beta of 1.44. American Airlines Group Inc. has a 1-year low of $9.76 and a 1-year high of $16.87.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. The company had revenue of $14.33 billion during the quarter, compared to the consensus estimate of $14.38 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. American Airlines Group’s quarterly revenue was up 2.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.92 EPS. Analysts predict that American Airlines Group Inc. will post 1.1 EPS for the current fiscal 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.