Independent Advisor Alliance Buys Shares of 23,154 American Airlines Group Inc. (NASDAQ:AAL)

Independent Advisor Alliance bought a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 23,154 shares of the airline's stock, valued at approximately $404,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC bought a new position in shares of American Airlines Group during the 4th quarter valued at approximately $25,000. Brooklyn Investment Group grew its position in shares of American Airlines Group by 133.1% during the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock valued at $28,000 after acquiring an additional 909 shares during the period. Bfsg LLC grew its position in shares of American Airlines Group by 269.3% during the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline's stock valued at $36,000 after acquiring an additional 1,500 shares during the period. Quent Capital LLC boosted its holdings in American Airlines Group by 70.2% in the 4th quarter. Quent Capital LLC now owns 3,064 shares of the airline's stock worth $53,000 after buying an additional 1,264 shares during the period. Finally, Point72 Hong Kong Ltd bought a new position in American Airlines Group in the 3rd quarter worth approximately $55,000. 52.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the business's stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the completion of the transaction, the chief executive officer now directly owns 2,967,984 shares of the company's stock, valued at $51,079,004.64. The trade was a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Angela Owens sold 51,906 shares of the business's stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the transaction, the senior vice president now directly owns 112,412 shares of the company's stock, valued at $1,927,865.80. The trade was a 31.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company's stock.

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Analyst Upgrades and Downgrades

Several research analysts recently commented on AAL shares. Melius Research raised shares of American Airlines Group from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. JPMorgan Chase & Co. cut their price objective on shares of American Airlines Group from $30.00 to $26.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Redburn Partners raised 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. StockNews.com downgraded shares of American Airlines Group from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. Finally, TD Cowen raised their price objective on shares of American Airlines Group to $26.00 and gave the stock a "buy" rating in a report on Thursday, March 13th. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, American Airlines Group presently has a consensus rating of "Moderate Buy" and an average price target of $19.30.

American Airlines Group Stock Up 1.2 %

Shares of AAL traded up $0.13 during trading hours on Friday, reaching $11.39. 46,731,592 shares of the company traded hands, compared to its average volume of 34,617,972. The company's fifty day moving average price is $15.45 and its two-hundred day moving average price is $14.42. The company has a market capitalization of $7.49 billion, a price-to-earnings ratio of 9.99, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, topping the consensus estimate of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. On average, analysts expect that American Airlines Group Inc. will post 2.42 EPS 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.