Mesirow Institutional Investment Management Inc. Purchases New Shares in American Airlines Group Inc. (NASDAQ:AAL)

Mesirow Institutional Investment Management Inc. purchased a new position in American Airlines Group Inc. (NASDAQ:AAL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 220,594 shares of the airline's stock, valued at approximately $3,845,000.

A number of other hedge funds also recently bought and sold shares of AAL. Vanguard Group Inc. lifted its position in American Airlines Group by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 62,985,524 shares of the airline's stock worth $1,097,838,000 after buying an additional 953,766 shares during the last quarter. Primecap Management Co. CA raised its stake in shares of American Airlines Group by 5.0% in the fourth quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline's stock valued at $1,049,734,000 after acquiring an additional 2,886,041 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of American Airlines Group by 21.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,280,289 shares of the airline's stock worth $92,043,000 after acquiring an additional 943,336 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of American Airlines Group by 69.5% during the fourth quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline's stock valued at $44,892,000 after buying an additional 1,055,667 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new position in shares of American Airlines Group during the fourth quarter valued at approximately $40,333,000. Hedge funds and other institutional investors own 52.44% of the company's stock.

Analyst Upgrades and Downgrades

AAL has been the topic of several research analyst reports. Melius raised American Airlines Group from a "hold" rating to a "buy" rating and set a $23.00 price objective on the stock in a research report on Monday, January 6th. Raymond James lowered their target price on shares of American Airlines Group from $23.00 to $15.00 and set an "outperform" rating for the company in a research note on Wednesday, April 2nd. TD Cowen raised their price target on shares of American Airlines Group to $26.00 and gave the stock a "buy" rating in a research note on Thursday, March 13th. Redburn Partners upgraded shares of American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 price objective for the company in a report on Wednesday, February 26th. Finally, Evercore ISI upped their target price on shares of American Airlines Group to $18.00 and gave the stock a "hold" rating in a research note on Thursday, January 9th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.95.

Insider Activity

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.15, for a total transaction of $890,187.90. Following the completion of the transaction, the senior vice president now owns 112,412 shares in the company, valued at approximately $1,927,865.80. This trade represents a 31.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.49% of the company's stock.

American Airlines Group Stock Performance

NASDAQ:AAL traded up $0.29 during midday trading on Thursday, reaching $9.61. 70,443,714 shares of the stock traded hands, compared to its average volume of 38,640,199. American Airlines Group Inc. has a 12-month low of $8.50 and a 12-month high of $19.10. The business has a 50-day moving average of $11.72 and a two-hundred day moving average of $14.24. The stock has a market capitalization of $6.32 billion, a PE ratio of 8.43, a price-to-earnings-growth ratio of 0.21 and a beta of 1.17.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its earnings results on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, missing analysts' consensus estimates of ($0.50) by ($0.09). American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. Research analysts anticipate that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

American Airlines Group Profile

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.