KLP Kapitalforvaltning AS Acquires Shares of 34,900 American Airlines Group Inc. (NASDAQ:AAL)

KLP Kapitalforvaltning AS purchased a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 34,900 shares of the airline's stock, valued at approximately $608,000.

Several other institutional investors have also recently made changes to their positions in AAL. Golden State Wealth Management LLC purchased a new stake in shares of American Airlines Group in the 4th quarter worth $25,000. Brooklyn Investment Group raised 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 worth $28,000 after buying an additional 909 shares during the period. Bfsg LLC lifted its position in shares of American Airlines Group by 269.3% during the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline's stock valued at $36,000 after buying an additional 1,500 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in American Airlines Group in the 4th quarter worth approximately $45,000. Finally, Quent Capital LLC raised its stake in American Airlines Group by 70.2% during the 4th quarter. Quent Capital LLC now owns 3,064 shares of the airline's stock worth $53,000 after acquiring an additional 1,264 shares during the period. Institutional investors own 52.44% of the company's stock.

Wall Street Analysts Forecast Growth

AAL has been the topic of several recent analyst reports. Susquehanna decreased 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 report on Monday. Raymond James lowered their price objective on American Airlines Group from $23.00 to $15.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 2nd. Melius upgraded American Airlines Group from a "hold" rating to a "buy" rating and set a $23.00 target price for the company in a research report on Monday, January 6th. Bank of America lowered their price target on American Airlines Group from $16.00 to $12.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, Evercore ISI increased their price objective on shares of American Airlines Group to $18.00 and gave the company a "hold" rating in a report on Thursday, January 9th. Nine analysts have rated the stock with a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, American Airlines Group currently has a consensus rating of "Moderate Buy" and a consensus target price of $17.55.

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Insider Buying and Selling

In related news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction dated Monday, January 27th. The stock was 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 in the company, valued at approximately $1,927,865.80. The trade was a 31.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.49% of the stock is owned by insiders.

American Airlines Group Stock Up 2.6 %

Shares of AAL stock traded up $0.25 during mid-day trading on Monday, hitting $9.71. 74,144,341 shares of the stock were exchanged, compared to its average volume of 36,664,837. American Airlines Group Inc. has a 52-week low of $8.50 and a 52-week high of $19.10. The company has a market cap of $6.39 billion, a PE ratio of 8.52, a price-to-earnings-growth ratio of 0.21 and a beta of 1.17. The firm has a fifty day moving average of $13.70 and a 200 day moving average of $14.46.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, beating the consensus estimate 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%. Equities analysts predict that American Airlines Group Inc. will post 2.42 EPS for the current 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.