Gateway Investment Advisers LLC Has $8.32 Million Stake in American Airlines Group Inc. (NASDAQ:AAL)

Gateway Investment Advisers LLC boosted its position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 869.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 477,255 shares of the airline's stock after acquiring an additional 428,040 shares during the quarter. Gateway Investment Advisers LLC owned 0.07% of American Airlines Group worth $8,319,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. lifted its position in shares of American Airlines Group by 56.2% during the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline's stock worth $29,000 after buying an additional 911 shares during the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of American Airlines Group in the 3rd quarter valued at $55,000. KBC Group NV lifted its holdings in shares of American Airlines Group by 55.8% in the 3rd quarter. KBC Group NV now owns 6,152 shares of the airline's stock worth $69,000 after purchasing an additional 2,204 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of American Airlines Group by 44.3% during the third quarter. GAMMA Investing LLC now owns 9,932 shares of the airline's stock valued at $112,000 after buying an additional 3,047 shares during the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in shares of American Airlines Group during the third quarter valued at about $114,000. 52.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at American Airlines Group

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction that occurred on 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 directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.49% of the stock is currently owned by insiders.

American Airlines Group Price Performance

American Airlines Group stock traded down $0.02 during midday trading on Friday, hitting $18.27. 20,422,068 shares of the company were exchanged, compared to its average volume of 25,878,578. The company has a market cap of $12.01 billion, a PE ratio of 55.37, a price-to-earnings-growth ratio of 0.21 and a beta of 1.35. American Airlines Group Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $18.57. The company's fifty day moving average price is $16.24 and its 200-day moving average price is $12.94.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share 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 the consensus estimate of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The business's quarterly revenue was up 1.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.38 EPS. On average, analysts expect that American Airlines Group Inc. will post 1.7 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the stock. Melius upgraded shares of American Airlines Group from a "hold" rating to a "buy" rating and set a $23.00 target price for the company in a research note on Monday, January 6th. Seaport Res Ptn upgraded American Airlines Group from a "hold" rating to a "strong-buy" rating in a research report on Thursday, December 5th. TD Cowen raised shares of American Airlines Group from a "hold" rating to a "buy" rating and increased their price target for the company from $17.00 to $25.00 in a research report on Monday, January 6th. Jefferies Financial Group upgraded American Airlines Group from a "hold" rating to a "buy" rating and increased their price objective for the stock from $12.00 to $20.00 in a report on Monday, January 6th. Finally, Evercore ISI increased their price target on shares of American Airlines Group to $18.00 and gave the company a "hold" rating in a report on Thursday, January 9th. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $18.94.

American Airlines Group Company Profile

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.