Lebenthal Global Advisors LLC Lowers Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Lebenthal Global Advisors LLC lowered its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 40.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,807 shares of the airline’s stock after selling 26,531 shares during the quarter. Lebenthal Global Advisors LLC’s holdings in American Airlines Group were worth $694,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. KBC Group NV lifted its holdings in shares of American Airlines Group by 46.0% in the 4th quarter. KBC Group NV now owns 8,982 shares of the airline’s stock worth $157,000 after acquiring an additional 2,830 shares during the last quarter. CX Institutional raised its position in American Airlines Group by 22.0% in the fourth quarter. CX Institutional now owns 17,497 shares of the airline’s stock valued at $305,000 after purchasing an additional 3,152 shares during the period. Janney Montgomery Scott LLC lifted its stake in American Airlines Group by 16.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 16,119 shares of the airline’s stock worth $281,000 after purchasing an additional 2,295 shares in the last quarter. Advisory Alpha LLC boosted its position in shares of American Airlines Group by 35.2% during the fourth quarter. Advisory Alpha LLC now owns 18,034 shares of the airline’s stock worth $314,000 after buying an additional 4,694 shares during the period. Finally, Ballentine Partners LLC acquired a new stake in shares of American Airlines Group in the fourth quarter valued at $186,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

Insider Transactions at American Airlines Group

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm’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 transaction of $1,763,009.61. Following the transaction, the chief executive officer now directly owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. This trade represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.49% of the company’s stock.

American Airlines Group Stock Up 1.4 %

Shares of AAL opened at $17.20 on Tuesday. American Airlines Group Inc. has a 52-week low of $9.07 and a 52-week high of $19.10. The stock has a 50 day moving average price of $16.71 and a 200 day moving average price of $13.26. The company has a market capitalization of $11.30 billion, a price-to-earnings ratio of 52.12, a price-to-earnings-growth ratio of 0.97 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL) last posted its earnings results 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 net margin of 0.51% and a negative return on equity of 18.62%. On average, equities analysts anticipate that American Airlines Group Inc. will post 1.73 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on AAL shares. Bank of America upgraded American Airlines Group from an “underperform” rating to a “neutral” rating and raised their target price for the company from $12.00 to $20.00 in a report on Friday, January 17th. Jefferies Financial Group raised shares of American Airlines Group from a “hold” rating to a “buy” rating and raised their price objective for the company from $12.00 to $20.00 in a research note on Monday, January 6th. Evercore ISI upped their target price on shares of American Airlines Group to $18.00 and gave the stock a “hold” rating in a research note on Thursday, January 9th. JPMorgan Chase & Co. raised their price target on shares of American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Finally, Melius Research raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Eight investment analysts have rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.99.

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.