American Airlines Group Inc. (NASDAQ:AAL) Stock Position Lifted by National Bank of Canada FI

National Bank of Canada FI lifted its position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 2,429.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,004,071 shares of the airline's stock after buying an additional 964,378 shares during the quarter. National Bank of Canada FI owned approximately 0.15% of American Airlines Group worth $17,501,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AAL. Cerity Partners LLC increased its position in American Airlines Group by 13.2% during the third quarter. Cerity Partners LLC now owns 80,131 shares of the airline's stock worth $901,000 after buying an additional 9,330 shares in the last quarter. FMR LLC boosted its stake in shares of American Airlines Group by 33.9% during the third quarter. FMR LLC now owns 408,968 shares of the airline's stock valued at $4,597,000 after acquiring an additional 103,506 shares during the last quarter. Townsquare Capital LLC increased its position in American Airlines Group by 70.5% during the 3rd quarter. Townsquare Capital LLC now owns 46,622 shares of the airline's stock worth $524,000 after purchasing an additional 19,271 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in American Airlines Group by 2.3% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 130,858 shares of the airline's stock valued at $1,471,000 after purchasing an additional 2,932 shares during the last quarter. Finally, Benjamin Edwards Inc. purchased a new position in American Airlines Group in the 3rd quarter valued at about $128,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of American Airlines Group 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 directly owns 112,412 shares in the company, valued at $1,927,865.80. The trade was a 31.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.49% of the company's stock.

American Airlines Group Trading Up 22.6 %

NASDAQ:AAL traded up $2.05 during mid-day trading on Wednesday, hitting $11.12. The company had a trading volume of 133,617,286 shares, compared to its average volume of 37,296,840. The firm has a market capitalization of $7.31 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 0.21 and a beta of 1.17. American Airlines Group Inc. has a 1 year low of $8.50 and a 1 year high of $19.10. The business has a fifty day simple moving average of $13.14 and a 200-day simple moving average of $14.38.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly 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 net margin of 1.56% and a negative return on equity of 28.56%. As a group, research analysts anticipate that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AAL. UBS Group cut their price objective on shares of American Airlines Group from $13.00 to $9.00 and set a "neutral" rating for the company in a research report on Monday. Melius Research upgraded American Airlines Group from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. The Goldman Sachs Group cut American Airlines Group from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $16.00 to $8.00 in a report on Tuesday. Citigroup dropped their target price on American Airlines Group from $21.50 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Finally, Barclays lowered their price target on American Airlines Group from $16.00 to $11.00 and set an "equal weight" rating for the company in a report on Tuesday. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $16.95.

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.