Decker Retirement Planning Inc. bought a new position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 543,996 shares of the airline's stock, valued at approximately $9,482,000. American Airlines Group makes up about 5.5% of Decker Retirement Planning Inc.'s portfolio, making the stock its 2nd biggest position. Decker Retirement Planning Inc. owned 0.08% of American Airlines Group at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in American Airlines Group by 56.2% during the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline's stock worth $29,000 after acquiring an additional 911 shares during the last quarter. Sunbelt Securities Inc. grew its stake in shares of American Airlines Group by 8.2% in the second quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline's stock worth $169,000 after purchasing an additional 1,126 shares during the last quarter. American Century Companies Inc. increased its holdings in American Airlines Group by 2.8% in the second quarter. American Century Companies Inc. now owns 54,178 shares of the airline's stock valued at $614,000 after purchasing an additional 1,468 shares during the period. Coastwise Capital Group LLC raised its position in American Airlines Group by 5.3% during the 3rd quarter. Coastwise Capital Group LLC now owns 37,840 shares of the airline's stock worth $425,000 after purchasing an additional 1,900 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its holdings in American Airlines Group by 20.2% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 12,663 shares of the airline's stock worth $142,000 after buying an additional 2,128 shares during the period. Institutional investors own 52.44% of the company's stock.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on the company. Melius raised American Airlines Group from a "hold" rating to a "buy" rating and set a $23.00 price target for the company in a research note on Monday, January 6th. Scotiabank raised shares of American Airlines Group from a "neutral" rating to a "buy" rating and set a $20.00 target price for the company in a research report on Thursday, December 5th. Morgan Stanley boosted their price target on shares of American Airlines Group from $18.00 to $22.00 and gave the stock an "overweight" rating in a research report on Wednesday, December 11th. BNP Paribas upgraded shares of American Airlines Group to a "hold" rating in a research report on Thursday, September 19th. Finally, Melius Research upgraded shares of American Airlines Group from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, American Airlines Group has an average rating of "Moderate Buy" and a consensus price target of $18.94.
View Our Latest Report on American Airlines Group
Insider Activity
In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm'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 of the company's stock, valued at approximately $51,079,004.64. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.49% of the company's stock.
American Airlines Group Stock Performance
NASDAQ:AAL traded down $0.11 on Friday, hitting $18.19. The stock had a trading volume of 15,357,013 shares, compared to its average volume of 25,391,092. American Airlines Group Inc. has a 1 year low of $9.07 and a 1 year high of $18.57. The firm's fifty day simple moving average is $16.24 and its two-hundred day simple moving average is $12.94. The stock has a market cap of $11.95 billion, a P/E ratio of 55.08, a price-to-earnings-growth ratio of 0.21 and a beta of 1.35.
American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.14. The company had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. American Airlines Group's revenue was up 1.2% on a year-over-year basis. During the same period last year, the business posted $0.38 earnings per share. Equities research analysts predict that American Airlines Group Inc. will post 1.7 EPS for the current year.
American Airlines Group Company Profile
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Free Report)
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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