Aviation News Online

Investors cut and increase AAL positions

Pacer Advisors cut its position in American Airlines Group by 11.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 15,799 shares of the airline’s stock after selling 2,074 shares during the period. Pacer Advisors Inc.’s holdings in American Airlines Group were worth $578,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Van Hulzen Asset Management acquired a new position in American Airlines Group during the third quarter valued at approximately $106,000. Checchi Capital Advisers increased its position in American Airlines Group by 0.9% in the second quarter. Checchi Capital Advisers now owns 4,145 shares of the airline’s stock valued at $117,000 after buying an additional 37 shares during the last quarter. Evercore Wealth Management increased its position in American Airlines Group by 60.1% in the second quarter. Evercore Wealth Management now owns 4,601 shares of the airline’s stock valued at $130,000 after buying an additional 1,727 shares during the last quarter. Cribstone Capital Management increased its position in American Airlines Group by 7.2% in the third quarter. Cribstone Capital Management now owns 4,105 shares of the airline’s stock valued at $161,000 after buying an additional 275 shares during the last quarter. Finally, RS Investment Management Co. increased its position in American Airlines Group by 111.1% in the second quarter. RS Investment Management Co. now owns 5,974 shares of the airline’s stock valued at $169,000 after buying an additional 3,144 shares during the last quarter. 76.07% of the stock is currently owned by institutional investors and hedge funds.

Kentucky Retirement Systems bought a new stake in American Airlines during the fourth quarter. The institutional investor bought 37,598 shares of the airline’s stock, valued at approximately $1,755,000.

Several other large investors also recently bought and sold shares of the company. Price T Rowe Associates increased its stake in American Airlines Group by 3.2% in the third quarter. Price T Rowe Associates now owns 85,857,915 shares of the airline’s stock valued at $3,143,258,000 after buying an additional 2,634,064 shares in the last quarter. State Street Corp increased its stake in American Airlines Group by 5.4% in the fourth quarter. State Street Corp now owns 18,690,799 shares of the airline’s stock valued at $872,668,000 after buying an additional 962,400 shares in the last quarter. FMR increased its stake in American Airlines Group by 36.2% in the fourth quarter. FMR now owns 17,157,776 shares of the airline’s stock valued at $801,096,000 after buying an additional 4,560,205 shares in the last quarter. Morgan Stanley increased its stake in American Airlines Group by 51.7% in the third quarter. Morgan Stanley now owns 3,954,493 shares of the airline’s stock valued at $144,774,000 after buying an additional 1,347,744 shares in the last quarter. Finally, Hosking Partners increased its stake in American Airlines Group by 13.7% in the third quarter. Hosking Partners now owns 2,693,718 shares of the airline’s stock valued at $98,617,000 after buying an additional 324,657 shares in the last quarter. Hedge funds and other institutional investors own 76.78% of the company’s stock.

Shares of American Airlines Group opened at 42.30 on Friday. American Airlines Group has a 52-week low of $24.85 and a 52-week high of $50.64. The firm’s 50-day moving average price is $44.66 and its 200-day moving average price is $43.38. The stock has a market cap of $21.33 billion, a P/E ratio of 8.79 and a beta of 0.93.

Date: April 3, 2017

About the author /