U S Global Investors Inc. Sells 2,483,554 Shares of American Airlines Group Inc. (NASDAQ:AAL)

U S Global Investors Inc. decreased its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 27.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,604,634 shares of the airline’s stock after selling 2,483,554 shares during the period. American Airlines Group comprises 11.4% of U S Global Investors Inc.’s investment portfolio, making the stock its 3rd biggest position. U S Global Investors Inc.’s holdings in American Airlines Group were worth $115,119,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of AAL. Hosking Partners LLP raised its stake in shares of American Airlines Group by 51.5% in the fourth quarter. Hosking Partners LLP now owns 1,326,755 shares of the airline’s stock valued at $23,125,000 after acquiring an additional 450,727 shares in the last quarter. QRG Capital Management Inc. raised its stake in American Airlines Group by 11.8% in the fourth quarter. QRG Capital Management Inc. now owns 63,568 shares of the airline’s stock valued at $1,108,000 after buying an additional 6,696 shares in the last quarter. Proficio Capital Partners LLC acquired a new stake in shares of American Airlines Group during the 4th quarter worth about $231,000. Oregon Public Employees Retirement Fund increased its stake in American Airlines Group by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 133,774 shares of the airline’s stock valued at $2,332,000 after purchasing an additional 774 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new stake in American Airlines Group during the fourth quarter worth approximately $1,849,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group Stock Performance

American Airlines Group stock opened at $14.53 on Friday. American Airlines Group Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $19.10. The stock has a fifty day moving average of $17.03 and a two-hundred day moving average of $14.20. The company has a market capitalization of $9.55 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 0.21 and a beta of 1.35.

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

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on AAL shares. Jefferies Financial Group upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and upped their target price for the company from $12.00 to $20.00 in a report on Monday, January 6th. Redburn Partners raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Wednesday. TD Cowen upgraded American Airlines Group from a “hold” rating to a “buy” rating and lifted their target price for the stock from $17.00 to $25.00 in a research report on Monday, January 6th. Raymond James restated an “outperform” rating and set a $23.00 price target (down previously from $24.00) on shares of American Airlines Group in a research note on Friday, January 24th. Finally, Susquehanna lowered their target price on shares of American Airlines Group from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, American Airlines Group currently has a consensus rating of “Moderate Buy” and an average price target of $19.40.

Insider Buying and Selling

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $17.21, for a total value of $1,763,009.61. Following the completion of the sale, the chief executive officer now directly owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. The trade was a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Angela Owens sold 51,906 shares of American Airlines Group 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 transaction, the senior vice president now owns 112,412 shares in the company, valued at $1,927,865.80. The trade was a 31.59 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

American Airlines Group 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.