American Airlines Group Inc. (NASDAQ:AAL) Stake Lifted by Amundi

Amundi increased its position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 31,647.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 426,691 shares of the airline's stock after acquiring an additional 425,347 shares during the quarter. Amundi owned approximately 0.06% of American Airlines Group worth $7,510,000 as of its most recent filing with the SEC.

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

American Airlines Group Stock Up 3.7 %

Shares of American Airlines Group stock traded up $0.41 on Wednesday, hitting $11.48. 60,016,477 shares of the company's stock traded hands, compared to its average volume of 34,471,562. The firm's 50-day moving average is $15.70 and its 200 day moving average is $14.47. The stock has a market cap of $7.55 billion, a P/E ratio of 10.07, a PEG ratio of 0.21 and a beta of 1.27. American Airlines Group Inc. has a 52-week low of $9.07 and a 52-week high of $19.10.

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American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 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%. Equities research analysts forecast that American Airlines Group Inc. will post 2.42 EPS for the current year.

Insiders Place Their Bets

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm's stock in a transaction on Friday, December 27th. The stock was sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the transaction, the chief executive officer now directly owns 2,967,984 shares in the company, valued at $51,079,004.64. This trade represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 completion of the transaction, the senior vice president now directly owns 112,412 shares of the company's stock, valued at approximately $1,927,865.80. This represents a 31.59 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Evercore ISI increased their target price on American Airlines Group to $18.00 and gave the stock a "hold" rating in a research report on Thursday, January 9th. StockNews.com lowered American Airlines Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. JPMorgan Chase & Co. dropped their target price on shares of 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. 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 report on Wednesday, February 26th. Finally, TD Cowen increased their price objective on shares of American Airlines Group to $26.00 and gave the stock a "buy" rating in a research report on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $19.30.

About American Airlines Group

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.