Assenagon Asset Management S.A. Invests $26.03 Million in American Airlines Group Inc. (NASDAQ:AAL)

Assenagon Asset Management S.A. bought a new position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,493,595 shares of the airline's stock, valued at approximately $26,033,000. Assenagon Asset Management S.A. owned 0.23% of American Airlines Group as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of AAL. Dimensional Fund Advisors LP raised its position in shares of American Airlines Group by 75.5% in the second quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline's stock worth $48,047,000 after acquiring an additional 1,823,928 shares during the period. Point72 DIFC Ltd purchased a new position in shares of American Airlines Group in the 3rd quarter valued at about $16,490,000. Toronto Dominion Bank raised its holdings in American Airlines Group by 379.6% in the 3rd 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 during the period. Connor Clark & Lunn Investment Management Ltd. boosted its position in American Airlines Group by 10,997.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline's stock worth $13,118,000 after purchasing an additional 1,156,540 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in American Airlines Group by 743.1% in the third quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline's stock valued at $14,013,000 after purchasing an additional 1,098,865 shares during the period. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group Stock Down 0.1 %

NASDAQ:AAL traded down $0.02 on Friday, hitting $18.27. The stock had a trading volume of 20,422,068 shares, compared to its average volume of 25,878,578. The company has a fifty day moving average price of $16.24 and a two-hundred day moving average price of $12.94. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $18.57. The stock has a market cap of $12.01 billion, a price-to-earnings ratio of 55.37, a PEG ratio of 0.21 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.16 by $0.14. The business had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The business's revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.38 EPS. As a group, analysts anticipate that American Airlines Group Inc. will post 1.7 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AAL has been the subject of several research analyst reports. Sanford C. Bernstein raised American Airlines Group from a "market perform" rating to an "outperform" rating and upped their target price for the stock from $14.00 to $24.00 in a research note on Tuesday, December 10th. Scotiabank raised shares of American Airlines Group from a "neutral" rating to a "buy" rating and set a $20.00 price objective on the stock in a report on Thursday, December 5th. Raymond James raised shares of American Airlines Group from a "market perform" rating to an "outperform" rating and set a $24.00 target price for the company in a research note on Monday, December 30th. Barclays raised their price target on shares of American Airlines Group from $16.00 to $18.00 and gave the company an "equal weight" rating in a research note on Friday, December 6th. Finally, Evercore ISI boosted their price objective on American Airlines Group to $18.00 and gave the stock a "hold" rating in a research note on Thursday, January 9th. Seven research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $18.94.

Insiders Place Their Bets

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the business's stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the sale, the chief executive officer now directly owns 2,967,984 shares in the company, valued at $51,079,004.64. This represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.49% of the stock is owned by insiders.

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.