Landscape Capital Management L.L.C. Sells 279,511 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Landscape Capital Management L.L.C. lowered its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 46.8% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 318,338 shares of the airline’s stock after selling 279,511 shares during the period. American Airlines Group makes up 0.6% of Landscape Capital Management L.L.C.’s investment portfolio, making the stock its 18th biggest holding. Landscape Capital Management L.L.C.’s holdings in American Airlines Group were worth $5,549,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of the company. Primecap Management Co. CA boosted its stake in shares of American Airlines Group by 5.0% in the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline’s stock valued at $1,049,734,000 after purchasing an additional 2,886,041 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new stake in American Airlines Group during the 4th quarter worth $40,333,000. Assenagon Asset Management S.A. bought a new stake in American Airlines Group in the fourth quarter valued at about $26,033,000. Toronto Dominion Bank raised its position in shares of American Airlines Group by 379.6% in the 3rd quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock valued at $18,743,000 after acquiring an additional 1,319,859 shares during the period. Finally, Norges Bank bought a new position in shares of American Airlines Group during the fourth quarter worth $20,696,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

Insider Buying and Selling

In other news, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $17.15, for a total value of $890,187.90. Following the completion of the sale, the senior vice president now owns 112,412 shares in the company, 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 hyperlink. 0.49% of the stock is currently owned by company insiders.

American Airlines Group Stock Down 10.2 %

NASDAQ:AAL opened at $9.51 on Friday. The firm has a market capitalization of $6.25 billion, a P/E ratio of 8.34, a P/E/G ratio of 0.21 and a beta of 1.27. The company has a fifty day moving average of $14.00 and a 200-day moving average of $14.43. American Airlines Group Inc. has a twelve month low of $9.07 and a twelve month high of $19.10.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. On average, analysts anticipate that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on AAL. Melius raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Monday, January 6th. Evercore ISI upped their price objective on American Airlines Group to $18.00 and gave the stock a “hold” rating in a research note on Thursday, January 9th. Sanford C. Bernstein raised American Airlines Group from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $14.00 to $24.00 in a research report on Tuesday, December 10th. Melius Research upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, TD Cowen increased their price objective on American Airlines Group to $26.00 and gave the stock a “buy” rating in a research report on Thursday, March 13th. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.30.

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.