Federated Hermes Inc. raised its position in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 424.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 369,493 shares of the airline's stock after purchasing an additional 299,103 shares during the quarter. Federated Hermes Inc. owned about 0.06% of American Airlines Group worth $6,440,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC acquired a new position in American Airlines Group in the fourth quarter valued at about $25,000. Brooklyn Investment Group raised its stake in shares of American Airlines Group by 133.1% in 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 raised its stake in shares of American Airlines Group by 269.3% in 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. Harvest Fund Management Co. Ltd acquired a new position in shares of American Airlines Group in the 4th quarter worth approximately $45,000. Finally, Quent Capital LLC boosted its position in shares of American Airlines Group by 70.2% during the 4th quarter. Quent Capital LLC now owns 3,064 shares of the airline's stock worth $53,000 after purchasing an additional 1,264 shares during the period. Hedge funds and other institutional investors own 52.44% of the company's stock.
Insider Buying and Selling
In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of the company's stock in a transaction that occurred on 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 sale, the senior vice president now directly owns 112,412 shares of the company's stock, valued at $1,927,865.80. This represents a 31.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is owned by company insiders.
Analysts Set New Price Targets
A number of research analysts have commented on the company. Bank of America decreased their price target on American Airlines Group from $16.00 to $12.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Evercore ISI increased their target price on American Airlines Group to $18.00 and gave the stock a "hold" rating in a research note on Thursday, January 9th. JPMorgan Chase & Co. dropped their target price on American Airlines Group from $30.00 to $26.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. StockNews.com cut shares of American Airlines Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. Finally, Melius upgraded shares of American Airlines Group from a "hold" rating to a "buy" rating and set a $23.00 price objective for the company in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $16.95.
Get Our Latest Analysis on AAL
American Airlines Group Price Performance
Shares of American Airlines Group stock traded up $0.27 during trading hours on Tuesday, hitting $9.85. The company had a trading volume of 65,886,457 shares, compared to its average volume of 37,757,857. American Airlines Group Inc. has a twelve month low of $8.50 and a twelve month high of $19.10. The company has a market cap of $6.48 billion, a P/E ratio of 8.64, a price-to-earnings-growth ratio of 0.21 and a beta of 1.17. The company's 50-day moving average is $12.71 and its two-hundred day moving average is $14.37.
American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share 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%. Sell-side analysts expect that American Airlines Group Inc. will post 2.42 EPS for the current year.
American Airlines Group 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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