Dynamic Technology Lab Private Ltd cut its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 81.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,260 shares of the airline's stock after selling 53,159 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in American Airlines Group were worth $214,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors also recently modified their holdings of AAL. Vanguard Group Inc. grew its stake in American Airlines Group by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 62,985,524 shares of the airline's stock valued at $1,097,838,000 after acquiring an additional 953,766 shares in the last quarter. Primecap Management Co. CA raised its position in shares of American Airlines Group by 5.0% in the fourth quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline's stock worth $1,049,734,000 after buying an additional 2,886,041 shares in the last quarter. Principal Financial Group Inc. grew its position in American Airlines Group by 69.5% during the fourth quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline's stock worth $44,892,000 after buying an additional 1,055,667 shares in the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of American Airlines Group in the 4th quarter valued at about $40,333,000. Finally, Toronto Dominion Bank grew its holdings in shares of American Airlines Group by 379.6% during the third quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline's stock worth $18,743,000 after purchasing an additional 1,319,859 shares in the last quarter. Institutional investors own 52.44% of the company's stock.
Insider Transactions at American Airlines Group
In other news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $17.15, for a total value of $890,187.90. Following the completion of the sale, the senior vice president now directly owns 112,412 shares in the company, valued at $1,927,865.80. The trade was a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 0.49% of the company's stock.
Analysts Set New Price Targets
A number of equities analysts have commented on the stock. Melius Research raised shares of American Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. StockNews.com cut American Airlines Group from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. Melius upgraded American Airlines Group from a "hold" rating to a "buy" rating and set a $23.00 target price for the company in a research report on Monday, January 6th. Redburn Partners raised shares of American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 price target on the stock in a research note on Wednesday, February 26th. Finally, UBS Group reduced their target price on shares of American Airlines Group from $13.00 to $9.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, American Airlines Group has a consensus rating of "Moderate Buy" and an average target price of $16.95.
View Our Latest Stock Analysis on American Airlines Group
American Airlines Group Stock Up 2.8 %
Shares of NASDAQ AAL traded up $0.27 during trading on Tuesday, reaching $9.85. The company had a trading volume of 65,886,457 shares, compared to its average volume of 37,757,857. The business's 50-day moving average is $12.71 and its 200 day moving average is $14.37. The stock has a market cap of $6.48 billion, a PE ratio of 8.64, a P/E/G ratio of 0.21 and a beta of 1.17. American Airlines Group Inc. has a 12-month low of $8.50 and a 12-month high of $19.10.
American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (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 anticipate that American Airlines Group Inc. will post 2.42 earnings per share for the current year.
About American Airlines Group
(
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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