Banco Santander S.A. Sells 44,800 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Banco Santander S.A. reduced its stake in American Airlines Group Inc. (NASDAQ:AAL) by 74.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,001 shares of the airline’s stock after selling 44,800 shares during the quarter. Banco Santander S.A.’s holdings in American Airlines Group were worth $261,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in AAL. Concurrent Investment Advisors LLC grew its stake in shares of American Airlines Group by 20.2% in the third quarter. Concurrent Investment Advisors LLC now owns 12,663 shares of the airline’s stock valued at $142,000 after acquiring an additional 2,128 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of American Airlines Group by 107.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock worth $17,084,000 after purchasing an additional 787,671 shares in the last quarter. State of New Jersey Common Pension Fund D increased its holdings in shares of American Airlines Group by 21.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 194,278 shares of the airline’s stock worth $2,184,000 after purchasing an additional 34,222 shares during the period. OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in shares of American Airlines Group in the third quarter valued at approximately $137,000. Finally, Prime Capital Investment Advisors LLC raised its position in shares of American Airlines Group by 3.6% in the third quarter. Prime Capital Investment Advisors LLC now owns 72,069 shares of the airline’s stock valued at $810,000 after buying an additional 2,526 shares in the last quarter. Institutional investors own 52.44% of the company’s stock.

Insiders Place Their Bets

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the senior vice president now owns 112,412 shares in the company, valued at approximately $1,927,865.80. This trade represents a 31.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $17.21, for a total transaction 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. This represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

American Airlines Group Trading Down 4.1 %

Shares of AAL stock opened at $12.50 on Tuesday. The business’s 50-day moving average price is $16.45 and its 200-day moving average price is $14.44. The firm has a market capitalization of $8.22 billion, a price-to-earnings ratio of 10.97, a PEG ratio of 0.21 and a beta of 1.27. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $19.10.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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, sell-side analysts predict that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on AAL shares. Sanford C. Bernstein upgraded American Airlines Group from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $14.00 to $24.00 in a research note on Tuesday, December 10th. Morgan Stanley boosted their price target on American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. JPMorgan Chase & Co. cut their price objective on shares of American Airlines Group from $30.00 to $26.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Citigroup boosted their target price on shares of American Airlines Group to $21.50 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Finally, Bank of America upgraded shares of American Airlines Group from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $12.00 to $20.00 in a research report on Friday, January 17th. Six research 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. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.62.

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.