Meitav Investment House Ltd. Purchases Shares of 77,693 American Airlines Group Inc. (NASDAQ:AAL)

Meitav Investment House Ltd. 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 filing with the Securities and Exchange Commission (SEC). The fund purchased 77,693 shares of the airline's stock, valued at approximately $1,366,000.

Other institutional investors also recently added to or reduced their stakes in the company. Primecap Management Co. CA lifted its position in American Airlines Group by 0.8% in the third quarter. Primecap Management Co. CA now owns 57,339,666 shares of the airline's stock valued at $644,498,000 after acquiring an additional 458,310 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of American Airlines Group by 69.5% during the fourth 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 in the last quarter. Toronto Dominion Bank increased its position in shares of American Airlines Group by 379.6% during the third quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline's stock worth $18,743,000 after purchasing an additional 1,319,859 shares in the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of American Airlines Group during the fourth quarter worth about $26,033,000. Finally, Point72 DIFC Ltd acquired a new stake in shares of American Airlines Group during the third quarter worth about $16,490,000. Hedge funds and other institutional investors own 52.44% of the company's stock.

Insider Transactions at American Airlines Group

In other news, SVP Angela Owens sold 51,906 shares of the business's stock in a transaction that occurred 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 of the company's stock, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the company's 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 sale, the chief executive officer now directly owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company's stock.

American Airlines Group Price Performance

NASDAQ AAL traded down $0.63 on Friday, hitting $15.23. 55,640,754 shares of the company's stock were exchanged, compared to its average volume of 32,485,756. The firm's 50-day moving average price is $17.11 and its two-hundred day moving average price is $14.06. American Airlines Group Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $19.10. The firm has a market cap of $10.01 billion, a price-to-earnings ratio of 13.36, a P/E/G ratio of 0.22 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, topping 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%. On average, research analysts predict that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms have recently commented on AAL. Melius upgraded American Airlines Group from a "hold" rating to a "buy" rating and set a $23.00 target price on the stock in a research report 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. Susquehanna cut their target price on American Airlines Group from $20.00 to $18.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Raymond James reiterated an "outperform" rating and set a $23.00 target price (down previously from $24.00) on shares of American Airlines Group in a research report on Friday, January 24th. Finally, Bank of America upgraded American Airlines Group from an "underperform" rating to a "neutral" rating and boosted their price target for the company from $12.00 to $20.00 in a research report on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus 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.