Cinctive Capital Management LP bought a new stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 321,264 shares of the airline's stock, valued at approximately $5,600,000.
Other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new stake in shares of American Airlines Group during the 4th quarter worth about $25,000. Brooklyn Investment Group boosted 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 acquiring an additional 909 shares during the last quarter. Bfsg LLC grew its stake in American Airlines Group by 269.3% in the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline's stock worth $36,000 after acquiring an additional 1,500 shares during the period. Harvest Fund Management Co. Ltd purchased a new position in shares of American Airlines Group during the 4th quarter worth $45,000. Finally, Quent Capital LLC boosted its holdings in shares of American Airlines Group by 70.2% during the fourth quarter. Quent Capital LLC now owns 3,064 shares of the airline's stock worth $53,000 after purchasing an additional 1,264 shares during the last quarter. Hedge funds and other institutional investors own 52.44% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on AAL shares. Jefferies Financial Group reissued a "hold" rating and issued a $12.00 target price (down from $20.00) on shares of American Airlines Group in a research report on Tuesday, April 1st. Redburn Atlantic raised shares of American Airlines Group from a "neutral" rating to a "buy" rating and boosted their price objective for the company from $18.00 to $24.00 in a research note on Wednesday, February 26th. Citigroup reduced their target price on American Airlines Group from $21.50 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Melius Research upgraded American Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Finally, TD Cowen increased their target price on shares of American Airlines Group to $26.00 and gave the stock a "buy" rating in a research report on Thursday, March 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $17.20.
Read Our Latest Research Report on AAL
American Airlines Group Stock Performance
Shares of NASDAQ AAL traded down $0.22 during midday trading on Tuesday, reaching $9.50. 34,338,483 shares of the company's stock were exchanged, compared to its average volume of 36,664,194. American Airlines Group Inc. has a 52-week low of $8.50 and a 52-week high of $19.10. The business's fifty day moving average price is $13.70 and its two-hundred day moving average price is $14.46. The stock has a market capitalization of $6.24 billion, a PE ratio of 8.35, a price-to-earnings-growth ratio of 0.21 and a beta of 1.17.
American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, topping 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%. Analysts predict that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.
Insider Buying and Selling at American Airlines Group
In related news, SVP Angela Owens sold 51,906 shares of the business'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 directly owns 112,412 shares of the company's stock, valued at $1,927,865.80. The trade was 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 through this link. 0.49% of the stock is currently owned by insiders.
About American Airlines Group
(
Free Report)
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.
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