Sei Investments Co. Sells 143,223 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Sei Investments Co. decreased its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 12.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 978,262 shares of the airline’s stock after selling 143,223 shares during the period. Sei Investments Co.’s holdings in American Airlines Group were worth $17,051,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of AAL. Quantbot Technologies LP acquired a new stake in shares of American Airlines Group in the fourth quarter valued at approximately $797,000. Semanteon Capital Management LP acquired a new position in American Airlines Group in the 4th quarter valued at $1,232,000. HUB Investment Partners LLC bought a new stake in shares of American Airlines Group during the 4th quarter valued at $213,000. Blueshift Asset Management LLC acquired a new stake in shares of American Airlines Group during the 4th quarter worth $335,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of American Airlines Group in the fourth quarter worth $45,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on AAL shares. Seaport Res Ptn upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Barclays decreased their price objective on shares of American Airlines Group from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 12th. Redburn Atlantic upgraded American Airlines Group from a “neutral” rating to a “buy” rating and upped their target price for the stock from $18.00 to $24.00 in a research note on Wednesday, February 26th. StockNews.com lowered American Airlines Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 13th. Finally, Sanford C. Bernstein upgraded American Airlines Group from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $14.00 to $24.00 in a research report on Tuesday, December 10th. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, American Airlines Group presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.30.

American Airlines Group Stock Performance

AAL stock opened at $11.14 on Friday. The company has a market capitalization of $7.33 billion, a P/E ratio of 9.77, a PEG ratio of 0.21 and a beta of 1.27. The company has a fifty day moving average price of $14.78 and a 200-day moving average price of $14.45. American Airlines Group Inc. has a 52-week low of $9.07 and a 52-week high of $19.10.

American Airlines Group (NASDAQ:AAL) last announced 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 negative return on equity of 28.56% and a net margin of 1.56%. As a group, sell-side analysts forecast that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

Insider Buying and Selling

In other American Airlines Group 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 transaction of $890,187.90. Following the sale, the senior vice president now owns 112,412 shares of the company’s stock, valued at approximately $1,927,865.80. This represents a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is owned by insiders.

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.