Arrowstreet Capital Limited Partnership Takes Position in American Airlines Group Inc. (NASDAQ:AAL)

Arrowstreet Capital Limited Partnership bought a new position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,313,988 shares of the airline's stock, valued at approximately $40,333,000. Arrowstreet Capital Limited Partnership owned 0.35% of American Airlines Group at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Cerity Partners LLC increased its position in shares of American Airlines Group by 13.2% in the third quarter. Cerity Partners LLC now owns 80,131 shares of the airline's stock valued at $901,000 after buying an additional 9,330 shares in the last quarter. FMR LLC increased its holdings in American Airlines Group by 33.9% during the 3rd quarter. FMR LLC now owns 408,968 shares of the airline's stock valued at $4,597,000 after acquiring an additional 103,506 shares in the last quarter. Townsquare Capital LLC increased its holdings in American Airlines Group by 70.5% during the 3rd quarter. Townsquare Capital LLC now owns 46,622 shares of the airline's stock valued at $524,000 after acquiring an additional 19,271 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in American Airlines Group by 2.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 130,858 shares of the airline's stock worth $1,471,000 after acquiring an additional 2,932 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of American Airlines Group in the third quarter valued at about $55,000. 52.44% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

AAL has been the subject of several research reports. Redburn Partners upgraded American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 price objective for the company in a research report on Wednesday, February 26th. Melius Research raised American Airlines Group from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. TD Cowen increased their price objective on American Airlines Group to $26.00 and gave the company a "buy" rating in a research note on Thursday, March 13th. Redburn Atlantic raised shares of American Airlines Group from a "neutral" rating to a "buy" rating and boosted their target price for the company from $18.00 to $24.00 in a research note on Wednesday, February 26th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $12.00 price target (down from $20.00) on shares of American Airlines Group in a research note on Tuesday, April 1st. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $17.55.

Insider Transactions at American Airlines Group

In other news, SVP Angela Owens sold 51,906 shares of the company's stock in a transaction dated Monday, January 27th. The stock was 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 owns 112,412 shares of the company's stock, valued at $1,927,865.80. This represents a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.49% of the company's stock.

American Airlines Group Price Performance

AAL stock traded up $0.25 during trading on Monday, reaching $9.71. 74,144,341 shares of the stock traded hands, compared to its average volume of 36,664,836. The business's 50 day moving average price is $13.70 and its 200-day moving average price is $14.46. The firm has a market capitalization of $6.39 billion, a PE ratio of 8.52, a P/E/G ratio of 0.21 and a beta of 1.17. American Airlines Group Inc. has a 52-week low of $8.50 and a 52-week 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 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, equities research analysts predict that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

American Airlines Group Profile

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.