AGF Management Ltd. Invests $3.05 Million in American Airlines Group Inc. (NASDAQ:AAL)

AGF Management Ltd. bought a new position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 174,796 shares of the airline's stock, valued at approximately $3,047,000.

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

American Airlines Group Trading Down 4.6 %

Shares of American Airlines Group stock opened at $10.93 on Thursday. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $19.10. The firm has a fifty day simple moving average of $16.20 and a 200-day simple moving average of $14.42. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 9.59, a PEG ratio of 0.21 and a beta of 1.27.

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American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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%. As a group, research analysts predict that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on AAL. The Goldman Sachs Group restated a "neutral" rating and set a $15.00 price objective on shares of American Airlines Group in a research report on Friday, November 15th. Barclays lowered their price objective on shares of American Airlines Group from $18.00 to $16.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Melius Research upgraded shares of American Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Raymond James reissued an "outperform" rating and set a $23.00 target price (down previously from $24.00) on shares of American Airlines Group in a research note on Friday, January 24th. Finally, StockNews.com raised shares of American Airlines Group from a "hold" rating to a "buy" rating in a research note on Wednesday, January 29th. Six equities research 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 company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $19.32.

Insider Activity at American Airlines Group

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company's stock in a transaction 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 in the company, valued at $51,079,004.64. This represents a 3.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Angela Owens sold 51,906 shares of the stock in a transaction 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 completion of the sale, the senior vice president now directly owns 112,412 shares of the company's stock, valued at approximately $1,927,865.80. This trade represents a 31.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

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.

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