Kentucky Retirement Systems Insurance Trust Fund Trims Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

Kentucky Retirement Systems Insurance Trust Fund trimmed its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 7.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,591 shares of the airline’s stock after selling 1,692 shares during the period. Kentucky Retirement Systems Insurance Trust Fund’s holdings in American Airlines Group were worth $331,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. U S Global Investors Inc. lifted its holdings in American Airlines Group by 18.7% in the 4th quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock valued at $174,159,000 after purchasing an additional 2,001,247 shares in the last quarter. Norges Bank acquired a new position in shares of American Airlines Group in the fourth quarter valued at approximately $22,819,000. Vanguard Group Inc. boosted its position in American Airlines Group by 1.1% during the first quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock worth $1,169,330,000 after acquiring an additional 806,770 shares during the last quarter. Castle Hook Partners LP acquired a new stake in American Airlines Group during the first quarter worth approximately $5,626,000. Finally, Trexquant Investment LP acquired a new position in American Airlines Group in the 4th quarter valued at $4,711,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Price Performance

American Airlines Group stock traded down $0.13 during midday trading on Monday, hitting $10.49. 16,201,059 shares of the company were exchanged, compared to its average volume of 34,528,289. The company’s fifty day moving average price is $11.51 and its 200-day moving average price is $13.39. The company has a market cap of $6.89 billion, a PE ratio of 17.48, a price-to-earnings-growth ratio of 0.36 and a beta of 1.44. American Airlines Group Inc. has a fifty-two week low of $9.76 and a fifty-two week high of $16.87.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, topping the consensus estimate of $1.04 by $0.05. The firm had revenue of $14.33 billion for the quarter, compared to analyst estimates of $14.38 billion. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. American Airlines Group’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.92 EPS. On average, analysts expect that American Airlines Group Inc. will post 1.1 EPS for the current fiscal year.

Analysts Set New Price Targets

AAL has been the topic of several analyst reports. TD Securities decreased their price objective on American Airlines Group from $10.00 to $7.00 in a report on Friday. Evercore lowered their price target on American Airlines Group from $13.00 to $10.00 in a report on Friday. Seaport Res Ptn lowered shares of American Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. JPMorgan Chase & Co. lowered their target price on shares of American Airlines Group from $21.00 to $15.00 in a report on Friday. Finally, Bank of America cut their price target on shares of American Airlines Group from $12.00 to $11.00 and set an “underperform” rating on the stock in a research note on Wednesday, May 29th. Two analysts have rated the stock with a sell rating, ten have given a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $13.80.

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.