236,302 Shares in American Airlines Group Inc. (NASDAQ:AAL) Bought by Aigen Investment Management LP

Aigen Investment Management LP purchased a new stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 236,302 shares of the airline's stock, valued at approximately $4,119,000. American Airlines Group comprises 0.7% of Aigen Investment Management LP's holdings, making the stock its 11th biggest holding.

Other institutional investors have also added to or reduced their stakes in the company. State of Alaska Department of Revenue grew its position in American Airlines Group by 7.3% during the 3rd quarter. State of Alaska Department of Revenue now owns 76,169 shares of the airline's stock worth $856,000 after purchasing an additional 5,175 shares during the period. New York State Teachers Retirement System raised its position in American Airlines Group by 4.8% during the third quarter. New York State Teachers Retirement System now owns 671,110 shares of the airline's stock valued at $7,543,000 after acquiring an additional 30,448 shares in the last quarter. Chicago Partners Investment Group LLC lifted its holdings in American Airlines Group by 24.2% in the third quarter. Chicago Partners Investment Group LLC now owns 12,536 shares of the airline's stock valued at $141,000 after acquiring an additional 2,446 shares during the period. QRG Capital Management Inc. boosted its position in American Airlines Group by 19.6% in the 3rd quarter. QRG Capital Management Inc. now owns 56,872 shares of the airline's stock worth $639,000 after purchasing an additional 9,323 shares in the last quarter. Finally, Amalgamated Bank grew its stake in shares of American Airlines Group by 46.9% during the 3rd quarter. Amalgamated Bank now owns 313,746 shares of the airline's stock worth $3,527,000 after purchasing an additional 100,135 shares during the period. Institutional investors and hedge funds own 52.44% of the company's stock.

American Airlines Group Stock Performance

Shares of AAL opened at $13.35 on Wednesday. The stock has a market capitalization of $8.78 billion, a PE ratio of 11.71, a P/E/G ratio of 0.21 and a beta of 1.35. The company's 50-day simple moving average is $16.79 and its 200-day simple moving average is $14.35. American Airlines Group Inc. has a 1 year low of $9.07 and a 1 year high of $19.10.

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

Wall Street Analyst Weigh In

AAL has been the subject of a number of analyst reports. Melius Research upgraded shares of American Airlines Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Melius upgraded American Airlines Group from a "hold" rating to a "buy" rating and set a $23.00 price objective for the company in a research note on Monday, January 6th. JPMorgan Chase & Co. decreased their target price on American Airlines Group from $30.00 to $26.00 and set an "overweight" rating on the stock in a research report on Monday. Bank of America upgraded American Airlines Group from an "underperform" rating to a "neutral" rating and boosted their price target for the stock from $12.00 to $20.00 in a research report on Friday, January 17th. Finally, Citigroup raised their price objective on American Airlines Group from $19.00 to $23.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $19.70.

Insider Activity

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the transaction, the senior vice president now directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $1,763,009.61. Following the completion of the transaction, the chief executive officer now directly owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company's stock.

About American Airlines Group

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.

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