Headlands Technologies LLC lowered its position in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 46.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,390 shares of the airline's stock after selling 70,074 shares during the period. Headlands Technologies LLC's holdings in American Airlines Group were worth $1,436,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. National Bank of Canada FI raised its position in shares of American Airlines Group by 2,429.6% during the 4th quarter. National Bank of Canada FI now owns 1,004,071 shares of the airline's stock worth $17,501,000 after purchasing an additional 964,378 shares during the last quarter. Alliancebernstein L.P. lifted its position in shares of American Airlines Group by 1.7% in the fourth quarter. Alliancebernstein L.P. now owns 990,997 shares of the airline's stock valued at $17,273,000 after acquiring an additional 16,509 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in shares of American Airlines Group by 11.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 17,600 shares of the airline's stock valued at $307,000 after acquiring an additional 1,860 shares during the last quarter. California Public Employees Retirement System increased its position in American Airlines Group by 14.5% during the 4th quarter. California Public Employees Retirement System now owns 1,094,906 shares of the airline's stock worth $19,084,000 after purchasing an additional 138,839 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new position in American Airlines Group in the 4th quarter valued at about $40,333,000. 52.44% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
A number of equities analysts have recently weighed in on AAL shares. TD Cowen boosted their price objective on shares of American Airlines Group to $26.00 and gave the company a "buy" rating in a research report on Thursday, March 13th. StockNews.com lowered American Airlines Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. Raymond James dropped their target price on American Airlines Group from $23.00 to $15.00 and set an "outperform" rating for the company in a research note on Wednesday. Melius upgraded American Airlines Group from a "hold" rating to a "buy" rating and set a $23.00 price target for the company in a report on Monday, January 6th. Finally, Barclays cut 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 report on Wednesday, March 12th. Eight research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $18.30.
Get Our Latest Report on American Airlines Group
Insider Buying and Selling
In other news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction 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 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 Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.49% of the company's stock.
American Airlines Group Stock Down 0.9 %
NASDAQ AAL traded down $0.09 on Friday, hitting $9.42. The stock had a trading volume of 110,150,963 shares, compared to its average volume of 36,513,754. The company's 50-day moving average is $13.85 and its two-hundred day moving average is $14.44. American Airlines Group Inc. has a one year low of $8.50 and a one year high of $19.10. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of 8.26, a P/E/G ratio of 0.21 and a beta of 1.17.
American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 anticipate that American Airlines Group Inc. will post 2.42 earnings per share for the current year.
American Airlines Group Profile
(
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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