Entropy Technologies LP Takes $407,000 Position in American Airlines Group Inc. (NASDAQ:AAL)

Entropy Technologies LP purchased a new stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,365 shares of the airline's stock, valued at approximately $407,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AAL. Golden State Wealth Management LLC acquired a new stake in shares of American Airlines Group in the fourth quarter valued at about $25,000. Brooklyn Investment Group increased its stake in shares of American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock valued at $28,000 after buying an additional 909 shares during the period. Blue Trust Inc. increased its stake in shares of American Airlines Group by 56.2% in the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline's stock valued at $29,000 after buying an additional 911 shares during the period. Point72 Hong Kong Ltd acquired a new stake in shares of American Airlines Group in the third quarter valued at about $55,000. Finally, KBC Group NV grew its stake in American Airlines Group by 55.8% during the third quarter. KBC Group NV now owns 6,152 shares of the airline's stock worth $69,000 after purchasing an additional 2,204 shares during the period. Institutional investors and hedge funds own 52.44% of the company's stock.

American Airlines Group Price Performance

Shares of AAL stock traded up $0.23 during trading hours on Friday, reaching $15.97. The company had a trading volume of 29,186,229 shares, compared to its average volume of 33,274,486. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $19.10. The business has a fifty day simple moving average of $17.25 and a 200-day simple moving average of $13.90. The company has a market cap of $10.49 billion, a price-to-earnings ratio of 14.01, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share 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, equities research analysts expect that American Airlines Group Inc. will post 2.39 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Angela Owens sold 51,906 shares of American Airlines Group 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 directly owns 112,412 shares in the company, valued at approximately $1,927,865.80. This trade represents a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction on Friday, December 27th. The stock was sold at an average price of $17.21, for a total value of $1,763,009.61. Following the sale, the chief executive officer now owns 2,967,984 shares in the company, valued at $51,079,004.64. This trade 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 currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AAL has been the subject of several recent analyst reports. Evercore ISI raised their target price on American Airlines Group to $18.00 and gave the stock a "hold" rating in a research note on Thursday, January 9th. Morgan Stanley raised their target price 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. TD Cowen raised American Airlines Group from a "hold" rating to a "buy" rating and raised their target price for the stock from $17.00 to $25.00 in a research note on Monday, January 6th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $15.00 target price on shares of American Airlines Group in a research note on Friday, November 15th. Finally, StockNews.com raised American Airlines Group from a "hold" rating to a "buy" rating in a research note on Wednesday, January 29th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, American Airlines Group has an average rating of "Moderate Buy" and a consensus target price 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.