The Great West Life Assurance Co. Can Cuts Stake in American Airlines Group Inc. (AAL)

The Great West Life Assurance Co. Can Cuts Stake in American Airlines Group Inc. (AAL)

Great West Life Assurance Co. Can cut its position in American Airlines Group Inc. (NASDAQ:AAL) by 3.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 168,893 shares of the airline’s stock after selling 5,967 shares during the period. Great West Life Assurance Co. Can’s holdings in American Airlines Group were worth $6,178,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Concert Wealth Management Inc. acquired a new position in shares of American Airlines Group during the third quarter valued at about $226,000. Reilly Financial Advisors LLC raised its position in shares of American Airlines Group by 2.5% in the third quarter. Reilly Financial Advisors LLC now owns 8,071 shares of the airline’s stock valued at $295,000 after buying an additional 200 shares during the period. Boulegeris Investments Inc. raised its position in shares of American Airlines Group by 9.8% in the third quarter. Boulegeris Investments Inc. now owns 38,345 shares of the airline’s stock valued at $1,404,000 after buying an additional 3,437 shares during the period. California Public Employees Retirement System raised its position in shares of American Airlines Group by 1.0% in the third quarter. California Public Employees Retirement System now owns 1,512,700 shares of the airline’s stock valued at $55,380,000 after buying an additional 14,800 shares during the period. Finally, Alpha Cubed Investments LLC raised its position in shares of American Airlines Group by 1.3% in the third quarter. Alpha Cubed Investments LLC now owns 79,397 shares of the airline’s stock valued at $2,907,000 after buying an additional 1,000 shares during the period. 76.04% of the stock is currently owned by institutional investors.

American Airlines Group Inc. (NASDAQ:AAL) opened at 48.00 on Friday. The stock’s 50 day moving average price is $47.67 and its 200-day moving average price is $40.21. American Airlines Group Inc. has a 12 month low of $24.85 and a 12 month high of $50.64. The stock has a market cap of $24.87 billion, a PE ratio of 4.98 and a beta of 0.96.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, October 20th. The airline reported $2.80 EPS for the quarter, beating the Zacks’ consensus estimate of $1.57 by $1.23. The company earned $10.60 billion during the quarter, compared to analysts’ expectations of $5.43 billion. American Airlines Group had a return on equity of 95.17% and a net margin of 14.16%. The firm’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.77 EPS. Analysts anticipate that American Airlines Group Inc. will post $5.69 EPS for the current fiscal year.

Several equities analysts have issued reports on AAL shares. Stifel Nicolaus dropped their price target on American Airlines Group from $50.00 to $45.00 and set a “buy” rating on the stock in a research note on Wednesday, October 12th. Vetr raised American Airlines Group from a “buy” rating to a “strong-buy” rating and set a $58.50 price target on the stock in a research note on Tuesday, December 27th. Sanford C. Bernstein started coverage on American Airlines Group in a research note on Monday, October 10th. They issued an “underperform” rating and a $31.00 price target on the stock. Citigroup Inc. restated a “buy” rating on shares of American Airlines Group in a report on Tuesday, December 6th. Finally, Imperial Capital boosted their price objective on American Airlines Group from $43.00 to $49.00 and gave the company an “in-line” rating in a report on Tuesday, November 22nd. Three research analysts have rated the stock with a sell rating, five have given a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $46.57.

In related news, President Robert D. Isom, Jr. sold 13,515 shares of the firm’s stock in a transaction that occurred on Wednesday, November 30th. The stock was sold at an average price of $46.61, for a total transaction of $629,934.15. Following the completion of the transaction, the president now owns 645,179 shares of the company’s stock, valued at approximately $30,071,793.19. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, President Robert D. Isom, Jr. sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, December 16th. The shares were sold at an average price of $48.61, for a total value of $972,200.00. Following the transaction, the president now directly owns 555,179 shares of the company’s stock, valued at approximately $26,987,251.19. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 446,351 shares of company stock valued at $19,831,476. 0.64% of the stock is owned by corporate insiders.

About American Airlines Group

American Airlines Group Inc (AAG) is a holding company whose primary business activity is the operation of a network air carrier through its subsidiaries, American Airlines, Inc (American) and its regional subsidiaries, Envoy Aviation Group Inc (Envoy), Piedmont Airlines, Inc (Piedmont) and PSA Airlines, Inc (PSA).

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