Convergence Investment Partners LLC Takes Position in American Airlines Group Inc. (NASDAQ:AAL)

Convergence Investment Partners LLC acquired a new position in American Airlines Group Inc. (NASDAQ:AAL - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 28,828 shares of the airline's stock, valued at approximately $502,000.

Several other large investors also recently made changes to their positions in AAL. Assenagon Asset Management S.A. bought a new position in American Airlines Group in the 4th quarter valued at $26,033,000. Point72 DIFC Ltd acquired a new position in shares of American Airlines Group during the third quarter valued at $16,490,000. Toronto Dominion Bank boosted its holdings in American Airlines Group by 379.6% in the third quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline's stock valued at $18,743,000 after acquiring an additional 1,319,859 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in American Airlines Group by 10,997.9% in 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 during the period. Finally, Principal Financial Group Inc. raised 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 purchasing an additional 1,055,667 shares during the last quarter. Institutional investors own 52.44% of the company's stock.

Insider Buying and Selling

In related news, SVP Angela Owens sold 51,906 shares of the business's stock in a transaction on Monday, January 27th. The stock was 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 in the company, valued at $1,927,865.80. The trade was a 31.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $17.21, for a total value of $1,763,009.61. Following the completion of the transaction, 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 disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

American Airlines Group Stock Down 4.3 %

Shares of AAL traded down $0.68 during midday trading on Friday, hitting $15.18. The company's stock had a trading volume of 42,225,634 shares, compared to its average volume of 31,980,764. American Airlines Group Inc. has a one year low of $9.07 and a one year high of $19.10. The stock has a market capitalization of $9.98 billion, a price-to-earnings ratio of 13.28, a price-to-earnings-growth ratio of 0.22 and a beta of 1.35. The company's fifty day simple moving average is $17.14 and its two-hundred day simple moving average is $14.01.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its earnings results 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 negative return on equity of 28.56% and a net margin of 1.56%. On average, research analysts predict that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on AAL shares. Sanford C. Bernstein upgraded American Airlines Group from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $14.00 to $24.00 in a report on Tuesday, December 10th. Morgan Stanley raised their price objective on American Airlines Group from $18.00 to $22.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 11th. Bank of America upgraded American Airlines Group from an "underperform" rating to a "neutral" rating and increased their price target for the stock from $12.00 to $20.00 in a report on Friday, January 17th. Citigroup raised their price target on American Airlines Group from $19.00 to $23.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. boosted their price objective on American Airlines Group from $15.00 to $20.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $18.88.

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.