Contravisory Investment Management Inc. bought a new stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 39,526 shares of the airline's stock, valued at approximately $689,000.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Blue Trust Inc. grew its stake in shares of American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline's stock valued at $29,000 after purchasing an additional 911 shares during the period. Point72 Hong Kong Ltd acquired a new stake in American Airlines Group in the 3rd quarter valued at $55,000. KBC Group NV grew its position in American Airlines Group by 55.8% in the third quarter. KBC Group NV now owns 6,152 shares of the airline's stock valued at $69,000 after acquiring an additional 2,204 shares during the period. GAMMA Investing LLC raised its stake in American Airlines Group by 44.3% during the third quarter. GAMMA Investing LLC now owns 9,932 shares of the airline's stock worth $112,000 after acquiring an additional 3,047 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in shares of American Airlines Group during the third quarter valued at $114,000. 52.44% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
Several equities analysts have issued reports on AAL shares. Melius upgraded American Airlines Group from a "hold" rating to a "buy" rating and set a $23.00 price objective for the company in a research report on Monday, January 6th. Seaport Res Ptn raised American Airlines Group from a "hold" rating to a "strong-buy" rating in a report on Thursday, December 5th. Morgan Stanley increased their price objective on shares of American Airlines Group from $18.00 to $22.00 and gave the stock an "overweight" rating in a report on Wednesday, December 11th. 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. Finally, The Goldman Sachs Group reissued a "neutral" rating and set a $15.00 price target on shares of American Airlines Group in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, American Airlines Group has a consensus rating of "Moderate Buy" and a consensus target price of $18.42.
View Our Latest Analysis on American Airlines Group
American Airlines Group Stock Performance
NASDAQ:AAL traded up $0.22 during trading hours on Thursday, hitting $18.29. The stock had a trading volume of 21,932,267 shares, compared to its average volume of 26,044,639. The business's 50 day moving average is $16.15 and its 200-day moving average is $12.90. The company has a market cap of $12.02 billion, a price-to-earnings ratio of 55.43, a P/E/G ratio of 0.21 and a beta of 1.35. American Airlines Group Inc. has a one year low of $9.07 and a one year high of $18.56.
American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating analysts' consensus estimates of $0.16 by $0.14. The business had revenue of $13.65 billion during the quarter, compared to analysts' expectations of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The firm's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.38 EPS. On average, sell-side analysts anticipate that American Airlines Group Inc. will post 1.7 EPS for the current fiscal year.
Insider Transactions at American Airlines Group
In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction on 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 completion of the sale, the chief executive officer now owns 2,967,984 shares of the company's stock, valued at $51,079,004.64. This represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.49% of the stock is currently owned by insiders.
American Airlines Group Profile
(
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.
Further Reading
Before you consider American Airlines Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Airlines Group wasn't on the list.
While American Airlines Group currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio? Find out by clicking the link below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
