Rockefeller Capital Management L.P. lowered its stake in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 16.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 957,278 shares of the airline’s stock after selling 191,703 shares during the quarter. Rockefeller Capital Management L.P. owned approximately 0.14% of American Airlines Group worth $14,675,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Two Sigma Investments LP lifted its stake in American Airlines Group by 49.1% in the third quarter. Two Sigma Investments LP now owns 13,670,800 shares of the airline’s stock valued at $153,660,000 after buying an additional 4,500,897 shares during the last quarter. Geode Capital Management LLC lifted its position in American Airlines Group by 1.3% in the 4th quarter. Geode Capital Management LLC now owns 12,803,168 shares of the airline’s stock valued at $196,323,000 after purchasing an additional 159,844 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in American Airlines Group by 3.4% during the 4th quarter. Dimensional Fund Advisors LP now owns 6,934,622 shares of the airline’s stock valued at $106,306,000 after purchasing an additional 225,599 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of American Airlines Group by 6.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,483,781 shares of the airline’s stock valued at $99,396,000 after purchasing an additional 406,393 shares during the period. Finally, Voloridge Investment Management LLC increased its stake in shares of American Airlines Group by 30.6% in the fourth quarter. Voloridge Investment Management LLC now owns 4,869,928 shares of the airline’s stock valued at $74,656,000 after purchasing an additional 1,140,239 shares during the period. 52.44% of the stock is currently owned by institutional investors.
American Airlines Group Stock Performance
Shares of NASDAQ AAL opened at $16.14 on Wednesday. The stock has a fifty day moving average price of $13.38 and a two-hundred day moving average price of $13.50. The firm has a market cap of $10.67 billion, a P/E ratio of 52.06 and a beta of 1.35. American Airlines Group Inc. has a 1 year low of $10.09 and a 1 year high of $16.59.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on AAL shares. Deutsche Bank Aktiengesellschaft lifted their price target on American Airlines Group from $13.00 to $18.00 and gave the company a “buy” rating in a report on Friday, May 29th. Weiss Ratings cut American Airlines Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Wells Fargo & Company cut their target price on American Airlines Group from $17.00 to $12.00 and set an “equal weight” rating on the stock in a research note on Monday, March 16th. Rothschild & Co Redburn reissued a “neutral” rating and set a $12.50 price target (down from $17.00) on shares of American Airlines Group in a report on Thursday, March 5th. Finally, Citigroup restated a “neutral” rating on shares of American Airlines Group in a research note on Monday. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, American Airlines Group currently has a consensus rating of “Hold” and an average price target of $15.76.
Check Out Our Latest Report on American Airlines Group
American Airlines Group Profile
American Airlines Group Inc is a leading global airline holding company headquartered in Fort Worth, Texas. Formed in December 2013 through the merger of AMR Corporation (parent of American Airlines) and US Airways Group, the company operates one of the world’s largest passenger and cargo networks. Its subsidiaries include American Airlines, which provides mainline service, and American Eagle, a network of regional carriers operating short- and medium-haul routes on behalf of the mainline carrier.
The company offers scheduled air transportation for passengers and cargo to more than 350 destinations in over 50 countries.
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