Arrow Capital Pty Ltd Buys Shares of 100,000 American Airlines Group Inc. (NASDAQ:AAL)

Arrow Capital Pty Ltd purchased a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 100,000 shares of the airline's stock, valued at approximately $1,743,000.

Other large investors have also modified their holdings of the company. Primecap Management Co. CA raised its position in shares of American Airlines Group by 5.0% during the fourth quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline's stock worth $1,049,734,000 after purchasing an additional 2,886,041 shares during the period. Arrowstreet Capital Limited Partnership acquired a new stake in shares of American Airlines Group during the fourth quarter valued at approximately $40,333,000. Assenagon Asset Management S.A. acquired a new position in American Airlines Group in the 4th quarter worth approximately $26,033,000. Norges Bank acquired a new stake in American Airlines Group during the 4th quarter valued at $20,696,000. Finally, Principal Financial Group Inc. boosted its position in shares of American Airlines Group by 69.5% in 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 during the period. Institutional investors and hedge funds own 52.44% of the company's stock.

Insider Activity

In other news, SVP Angela Owens sold 51,906 shares of the company's stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 112,412 shares in the company, valued at approximately $1,927,865.80. This represents a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is currently owned by corporate insiders.

American Airlines Group Stock Performance

Shares of NASDAQ:AAL traded down $0.39 during midday trading on Monday, reaching $9.07. 59,774,065 shares of the company's stock were exchanged, compared to its average volume of 51,090,402. American Airlines Group Inc. has a 12 month low of $8.50 and a 12 month high of $19.10. The firm has a market capitalization of $5.96 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 0.21 and a beta of 1.17. The company's 50 day simple moving average is $12.12 and its two-hundred day simple moving average is $14.33.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 EPS 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%. On average, research analysts anticipate that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Redburn Partners upgraded American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 target price on the stock in a report on Wednesday, February 26th. JPMorgan Chase & Co. reduced their price objective 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 lowered American Airlines Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. Citigroup reduced their price target on American Airlines Group from $21.50 to $20.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Finally, Melius upgraded American Airlines Group from a "hold" rating to a "buy" rating and set a $23.00 price objective on the stock in a report on Monday, January 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $16.95.

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.