Kennedy Capital Management LLC Takes Position in American Airlines Group Inc. (NASDAQ:AAL)

Kennedy Capital Management LLC purchased a new position in American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 127,501 shares of the airline's stock, valued at approximately $2,222,000.

Other hedge funds have also made changes to their positions in the company. Avantax Advisory Services Inc. boosted its position in American Airlines Group by 4.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 14,751 shares of the airline's stock worth $257,000 after purchasing an additional 635 shares during the period. Oregon Public Employees Retirement Fund grew its stake in American Airlines Group by 0.6% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 133,774 shares of the airline's stock valued at $2,332,000 after buying an additional 774 shares during the last quarter. M&T Bank Corp raised its holdings in American Airlines Group by 2.4% in the 4th quarter. M&T Bank Corp now owns 34,525 shares of the airline's stock worth $602,000 after acquiring an additional 794 shares during the period. Brooklyn Investment Group lifted its position in American Airlines Group by 133.1% during the 4th 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. Finally, CIBC Asset Management Inc boosted its holdings in American Airlines Group by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 19,987 shares of the airline's stock valued at $348,000 after acquiring an additional 981 shares during the period. Institutional investors and hedge funds own 52.44% of the company's stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on AAL shares. Citigroup cut their price objective on American Airlines Group from $21.50 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. The Goldman Sachs Group lowered American Airlines Group from a "neutral" rating to a "sell" rating and cut their price target for the stock from $16.00 to $8.00 in a report on Tuesday, April 8th. Susquehanna lowered their price objective on shares of American Airlines Group from $18.00 to $10.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. UBS Group cut their target price on shares of American Airlines Group from $13.00 to $9.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Finally, TD Cowen boosted their price objective on shares of American Airlines Group to $26.00 and gave the stock a "buy" rating in a report on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $16.95.

Insider Activity at American Airlines Group

In related news, SVP Angela Owens sold 51,906 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $17.15, for a total value of $890,187.90. Following the sale, the senior vice president now directly owns 112,412 shares of the company's stock, valued at approximately $1,927,865.80. The trade was a 31.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is owned by insiders.

American Airlines Group Stock Performance

NASDAQ:AAL traded up $0.04 during trading hours on Friday, hitting $9.46. The stock had a trading volume of 53,525,261 shares, compared to its average volume of 37,994,699. The business's 50 day moving average is $12.12 and its 200-day moving average is $14.28. The company has a market cap of $6.22 billion, a price-to-earnings ratio of 8.30, a P/E/G ratio of 0.21 and a beta of 1.17. American Airlines Group Inc. has a one year low of $8.50 and a one year high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, beating analysts' consensus estimates of $0.39 by $0.47. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. On average, sell-side analysts anticipate that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

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.