Bank Julius Baer & Co. Ltd Zurich Trims Stake in American Airlines Group Inc. (NASDAQ:AAL)


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Bank Julius Baer & Co. Ltd Zurich lowered its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 19.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,741 shares of the airline’s stock after selling 888 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in American Airlines Group were worth $59,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. U S Global Investors Inc. raised its holdings in shares of American Airlines Group by 29.3% in the 4th quarter. U S Global Investors Inc. now owns 17,062,697 shares of the airline’s stock valued at $269,079,000 after buying an additional 3,865,939 shares during the period. Northern Trust Corp raised its holdings in shares of American Airlines Group by 11.1% in the 4th quarter. Northern Trust Corp now owns 5,180,935 shares of the airline’s stock valued at $81,703,000 after buying an additional 518,678 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of American Airlines Group by 20.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 4,181,194 shares of the airline’s stock valued at $65,938,000 after buying an additional 715,291 shares during the period. TB Alternative Assets Ltd. raised its holdings in shares of American Airlines Group by 457.0% in the 4th quarter. TB Alternative Assets Ltd. now owns 2,147,420 shares of the airline’s stock valued at $33,865,000 after buying an additional 1,761,920 shares during the period. Finally, California Public Employees Retirement System raised its holdings in shares of American Airlines Group by 3.6% in the 4th quarter. California Public Employees Retirement System now owns 1,080,484 shares of the airline’s stock valued at $17,039,000 after buying an additional 37,817 shares during the period. Institutional investors own 44.41% of the company’s stock.

AAL has been the topic of several research analyst reports. Susquehanna Bancshares boosted their price objective on American Airlines Group from $8.00 to $10.00 and gave the company a “negative” rating in a report on Thursday, January 14th. Stifel Nicolaus upped their price target on American Airlines Group from $14.00 to $20.00 and gave the stock a “hold” rating in a report on Wednesday, February 24th. They noted that the move was a valuation call. Zacks Investment Research upgraded American Airlines Group from a “sell” rating to a “hold” rating and set a $19.00 price target on the stock in a report on Thursday, February 18th. Morgan Stanley initiated coverage on American Airlines Group in a report on Tuesday. They set an “underweight” rating and a $20.00 price target on the stock. Finally, Seaport Global Securities downgraded American Airlines Group from a “buy” rating to a “neutral” rating and set a $19.00 price target on the stock. in a report on Monday, February 1st. Eight analysts have rated the stock with a sell rating, eight have assigned a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $15.80.

Shares of NASDAQ AAL opened at $23.93 on Thursday. The stock has a market cap of $15.35 billion, a PE ratio of -1.73 and a beta of 1.82. American Airlines Group Inc. has a 52-week low of $8.25 and a 52-week high of $26.09. The business has a 50-day moving average price of $22.18 and a 200 day moving average price of $16.43.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Wednesday, January 27th. The airline reported ($3.86) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($4.11) by $0.25. The firm had revenue of $4.03 billion during the quarter, compared to analyst estimates of $3.86 billion. The firm’s revenue for the quarter was down 64.4% compared to the same quarter last year. During the same period last year, the company earned $1.15 earnings per share. As a group, research analysts forecast that American Airlines Group Inc. will post -19.77 EPS for the current year.

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, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

Further Reading: CAC 40 Index

Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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