California Public Employees Retirement System Acquires 138,839 Shares of American Airlines Group Inc. (NASDAQ:AAL)

California Public Employees Retirement System grew its holdings in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 14.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,094,906 shares of the airline's stock after purchasing an additional 138,839 shares during the period. California Public Employees Retirement System owned approximately 0.17% of American Airlines Group worth $19,084,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in American Airlines Group by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 62,985,524 shares of the airline's stock valued at $1,097,838,000 after buying an additional 953,766 shares in the last quarter. Primecap Management Co. CA grew its stake in 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 valued at $1,049,734,000 after acquiring an additional 2,886,041 shares in the last quarter. Principal Financial Group Inc. increased its holdings in American Airlines Group by 69.5% during the 4th quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline's stock worth $44,892,000 after acquiring an additional 1,055,667 shares during the period. Arrowstreet Capital Limited Partnership purchased a new stake in American Airlines Group in the 4th quarter worth approximately $40,333,000. Finally, Toronto Dominion Bank boosted 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 valued at $18,743,000 after purchasing an additional 1,319,859 shares during the period. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

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American Airlines Group Stock Performance

Shares of NASDAQ AAL traded up $2.05 during mid-day trading on Wednesday, hitting $11.12. The stock had a trading volume of 133,617,286 shares, compared to its average volume of 37,296,840. The business has a 50 day moving average price of $13.14 and a two-hundred day moving average price of $14.38. American Airlines Group Inc. has a 1 year low of $8.50 and a 1 year high of $19.10. The firm has a market cap of $7.31 billion, a P/E ratio of 9.75, a price-to-earnings-growth ratio of 0.21 and a beta of 1.17.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share (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 predict that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on AAL shares. Raymond James decreased their price target on shares of American Airlines Group from $23.00 to $15.00 and set an "outperform" rating on the stock in a report on Wednesday, April 2nd. Melius raised American Airlines Group from a "hold" rating to a "buy" rating and set a $23.00 price target on the stock in a report on Monday, January 6th. Evercore ISI boosted their price objective on American Airlines Group to $18.00 and gave the stock a "hold" rating in a report on Thursday, January 9th. TD Cowen raised their target price on shares of American Airlines Group to $26.00 and gave the company a "buy" rating in a research note on Thursday, March 13th. Finally, Citigroup cut their price target on shares of American Airlines Group from $21.50 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $16.95.

Insider Buying and Selling at American Airlines Group

In other news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the sale, the senior vice president now owns 112,412 shares of the company's stock, valued at approximately $1,927,865.80. The trade was a 31.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.49% of the stock is currently owned by corporate 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.