Anchor Bolt Capital LP Sells 820,107 Shares of American Airlines Group Inc (AAL)

Anchor Bolt Capital LP cut its holdings in shares of American Airlines Group Inc (NASDAQ:AAL) by 55.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 656,433 shares of the airline’s stock after selling 820,107 shares during the quarter. Anchor Bolt Capital LP owned 0.14% of American Airlines Group worth $31,174,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in AAL. Westside Investment Management Inc. grew its position in shares of American Airlines Group by 3.5% in the 2nd quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock valued at $111,000 after buying an additional 72 shares during the last quarter. WFG Advisors LP grew its position in shares of American Airlines Group by 28.1% in the 2nd quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock valued at $119,000 after buying an additional 519 shares during the last quarter. First Manhattan Co. grew its position in shares of American Airlines Group by 3.3% in the 2nd quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock valued at $119,000 after buying an additional 75 shares during the last quarter. IHT Wealth Management LLC grew its position in shares of American Airlines Group by 516.8% in the 2nd quarter. IHT Wealth Management LLC now owns 2,387 shares of the airline’s stock valued at $126,000 after buying an additional 2,000 shares during the last quarter. Finally, Exane Derivatives grew its position in shares of American Airlines Group by 416.3% in the 3rd quarter. Exane Derivatives now owns 2,592 shares of the airline’s stock valued at $123,000 after buying an additional 2,090 shares during the last quarter. Institutional investors own 81.20% of the company’s stock.

In other news, Director Alberto Ibarguen sold 4,229 shares of American Airlines Group stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $47.60, for a total transaction of $201,300.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.64% of the company’s stock.

A number of research firms recently commented on AAL. BidaskClub raised shares of American Airlines Group from a “strong sell” rating to a “sell” rating in a research report on Thursday, September 14th. Barclays reissued a “hold” rating and set a $55.00 price objective on shares of American Airlines Group in a research report on Thursday, September 14th. Zacks Investment Research downgraded shares of American Airlines Group from a “hold” rating to a “strong sell” rating in a research report on Monday, October 2nd. Morgan Stanley reissued an “equal weight” rating and set a $51.00 price objective (up from $47.00) on shares of American Airlines Group in a research report on Monday, October 2nd. Finally, Cowen raised their price objective on shares of American Airlines Group from $55.00 to $56.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, six have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $59.83.

American Airlines Group Inc (AAL) traded down $0.43 during trading hours on Friday, reaching $52.03. 2,696,796 shares of the company’s stock traded hands, compared to its average volume of 3,865,751. The company has a debt-to-equity ratio of 5.63, a current ratio of 0.65 and a quick ratio of 0.57. American Airlines Group Inc has a 52-week low of $39.21 and a 52-week high of $54.48. The stock has a market cap of $25,102.06, a P/E ratio of 13.24 and a beta of 0.99.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 26th. The airline reported $1.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.40 by $0.02. American Airlines Group had a net margin of 4.71% and a return on equity of 64.92%. The firm had revenue of $10.88 billion during the quarter, compared to the consensus estimate of $10.88 billion. During the same period last year, the firm posted $2.80 EPS. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. sell-side analysts predict that American Airlines Group Inc will post 4.64 EPS for the current year.

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American Airlines Group Profile

American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.

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

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