American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by Connor Clark & Lunn Investment Management Ltd.

Connor Clark & Lunn Investment Management Ltd. cut its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 58.4% during the fourth quarter, Holdings Channel reports. The firm owned 485,099 shares of the airline’s stock after selling 681,957 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.’s holdings in American Airlines Group were worth $8,455,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Avantax Advisory Services Inc. raised its holdings in American Airlines Group by 4.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 14,751 shares of the airline’s stock worth $257,000 after buying an additional 635 shares during the period. HighTower Advisors LLC lifted its position in shares of American Airlines Group by 86.7% in the 4th quarter. HighTower Advisors LLC now owns 33,706 shares of the airline’s stock valued at $587,000 after acquiring an additional 15,653 shares in the last quarter. AGF Management Ltd. acquired a new position in American Airlines Group in the 4th quarter worth approximately $3,047,000. Independent Advisor Alliance purchased a new position in American Airlines Group during the 4th quarter worth approximately $404,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in American Airlines Group by 26.5% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 165,528 shares of the airline’s stock valued at $2,885,000 after purchasing an additional 34,670 shares during the period. 52.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on AAL. Raymond James reissued an “outperform” rating and set a $23.00 price target (down from $24.00) on shares of American Airlines Group in a research report on Friday, January 24th. Scotiabank raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Thursday, December 5th. Redburn Atlantic raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $18.00 to $24.00 in a research report on Wednesday, February 26th. Evercore ISI lifted their target price on shares of American Airlines Group to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 9th. Finally, Melius raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Monday, January 6th. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, American Airlines Group has a consensus rating of “Moderate Buy” and an average price target of $19.37.

American Airlines Group Stock Up 1.9 %

AAL opened at $10.87 on Friday. The stock’s 50 day moving average price is $15.95 and its two-hundred day moving average price is $14.43. The firm has a market capitalization of $7.15 billion, a P/E ratio of 9.54, a price-to-earnings-growth 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 earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, topping 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%. As a group, analysts anticipate that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

Insider Activity

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction on Friday, December 27th. The stock was sold at an average price of $17.21, for a total value of $1,763,009.61. Following the completion of the transaction, 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction on Monday, January 27th. The stock was sold at an average price of $17.15, for a total transaction of $890,187.90. Following the sale, the senior vice president now owns 112,412 shares in the company, valued at $1,927,865.80. This represents 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.

About American Airlines Group

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.