New Mexico Educational Retirement Board lowered its stake in shares of American Airlines Group Inc. (NASDAQ:AAL – Get Rating) by 4.6% in the 1st quarter, HoldingsChannel reports. The firm owned 37,700 shares of the airline’s stock after selling 1,800 shares during the quarter. New Mexico Educational Retirement Board’s holdings in American Airlines Group were worth $688,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently modified their holdings of AAL. Whittier Trust Co. purchased a new stake in shares of American Airlines Group during the 4th quarter worth approximately $26,000. Comprehensive Financial Consultants Institutional Inc. purchased a new stake in shares of American Airlines Group during the 4th quarter worth approximately $27,000. Steward Financial Group LLC purchased a new stake in shares of American Airlines Group during the 4th quarter worth approximately $32,000. Odey Asset Management Group Ltd purchased a new stake in shares of American Airlines Group during the 4th quarter worth approximately $46,000. Finally, Cullen Frost Bankers Inc. increased its stake in shares of American Airlines Group by 23.2% during the 4th quarter. Cullen Frost Bankers Inc. now owns 3,392 shares of the airline’s stock worth $61,000 after purchasing an additional 638 shares during the last quarter. Institutional investors own 53.70% of the company’s stock.
American Airlines Group stock opened at $13.10 on Thursday. The firm’s fifty day moving average price is $17.01 and its 200-day moving average price is $17.15. The stock has a market cap of $8.51 billion, a P/E ratio of -3.56 and a beta of 1.45. American Airlines Group Inc. has a fifty-two week low of $11.93 and a fifty-two week high of $22.50.
American Airlines Group (NASDAQ:AAL – Get Rating) last posted its quarterly earnings data on Thursday, April 21st. The airline reported…