California Public Employees Retirement System Lowers Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

California Public Employees Retirement System lessened its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 6.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,166,398 shares of the airline’s stock after selling 79,513 shares during the period. California Public Employees Retirement System owned 0.18% of American Airlines Group worth $16,026,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Empirical Finance LLC grew its position in shares of American Airlines Group by 13.2% during the third quarter. Empirical Finance LLC now owns 21,159 shares of the airline’s stock worth $271,000 after purchasing an additional 2,462 shares in the last quarter. Oak Thistle LLC purchased a new stake in American Airlines Group during the 4th quarter valued at approximately $1,171,000. Assenagon Asset Management S.A. raised its position in shares of American Airlines Group by 7,871.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,762,081 shares of the airline’s stock valued at $24,211,000 after buying an additional 1,739,977 shares during the last quarter. Compagnie Lombard Odier SCmA lifted its holdings in shares of American Airlines Group by 15.2% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 38,500 shares of the airline’s stock worth $529,000 after buying an additional 5,067 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its position in shares of American Airlines Group by 1,291.7% during the fourth quarter. International Assets Investment Management LLC now owns 215,372 shares of the airline’s stock worth $29,590,000 after acquiring an additional 199,897 shares during the last quarter. 52.44% of the stock is owned by institutional investors.

American Airlines Group Stock Performance

AAL opened at $13.98 on Tuesday. The stock’s 50 day moving average price is $14.45 and its 200-day moving average price is $13.66. American Airlines Group Inc. has a one year low of $10.86 and a one year high of $19.08. The stock has a market cap of $9.17 billion, a price-to-earnings ratio of 23.30, a P/E/G ratio of 0.11 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). The business had revenue of $12.57 billion during the quarter, compared to analysts’ expectations of $12.60 billion. American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 EPS. As a group, analysts predict that American Airlines Group Inc. will post 2.67 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have commented on AAL shares. Seaport Res Ptn upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. Citigroup reissued a “buy” rating and set a $20.00 price target on shares of American Airlines Group in a research note on Thursday, March 14th. Sanford C. Bernstein raised their price target on American Airlines Group from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. JPMorgan Chase & Co. upped their price objective on American Airlines Group from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Finally, Wolfe Research raised shares of American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 target price for the company in a report on Monday, January 22nd. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $17.53.

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.