Norges Bank acquired a new position in American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 1,187,351 shares of the airline's stock, valued at approximately $20,696,000. Norges Bank owned 0.18% of American Airlines Group as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently made changes to their positions in the business. FMR LLC boosted its stake in shares of American Airlines Group by 33.9% during the 3rd quarter. FMR LLC now owns 408,968 shares of the airline's stock valued at $4,597,000 after purchasing an additional 103,506 shares in the last quarter. Benjamin Edwards Inc. bought a new stake in American Airlines Group during the 3rd quarter valued at approximately $128,000. Integrated Wealth Concepts LLC grew its holdings in shares of American Airlines Group by 7.2% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 33,716 shares of the airline's stock worth $379,000 after acquiring an additional 2,278 shares during the period. Quantinno Capital Management LP raised its position in shares of American Airlines Group by 650.8% in the 3rd quarter. Quantinno Capital Management LP now owns 307,359 shares of the airline's stock worth $3,455,000 after acquiring an additional 266,424 shares in the last quarter. Finally, United Services Automobile Association lifted its stake in shares of American Airlines Group by 73.3% in the 3rd quarter. United Services Automobile Association now owns 30,707 shares of the airline's stock valued at $345,000 after purchasing an additional 12,985 shares during the period. 52.44% of the stock is currently owned by institutional investors.
American Airlines Group Trading Up 1.7 %
NASDAQ:AAL traded up $0.16 during trading hours on Friday, reaching $9.67. The company had a trading volume of 53,179,183 shares, compared to its average volume of 37,537,876. The firm has a market cap of $6.36 billion, a price-to-earnings ratio of 8.48, a PEG ratio of 0.21 and a beta of 1.17. The firm's 50 day moving average price is $12.85 and its 200-day moving average price is $14.36. American Airlines Group Inc. has a 52 week low of $8.50 and a 52 week high of $19.10.
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, 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, analysts forecast that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have issued reports on the company. UBS Group decreased their price objective on American Airlines Group from $13.00 to $9.00 and set a "neutral" rating for the company in a report on Monday. The Goldman Sachs Group cut shares of American Airlines Group from a "neutral" rating to a "sell" rating and lowered their price target for the company from $16.00 to $8.00 in a research report on Tuesday. Jefferies Financial Group restated a "hold" rating and issued a $12.00 price objective (down previously from $20.00) on shares of American Airlines Group in a report on Tuesday, April 1st. Susquehanna lowered their target price on shares of American Airlines Group from $18.00 to $10.00 and set a "neutral" rating for the company in a report on Monday. Finally, Redburn Atlantic upgraded American Airlines Group from a "neutral" rating to a "buy" rating and upped their price target for the stock from $18.00 to $24.00 in a research note on Wednesday, February 26th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, American Airlines Group has an average rating of "Moderate Buy" and a consensus target price of $16.95.
View Our Latest Analysis on American Airlines Group
Insider Transactions at American Airlines Group
In other news, SVP Angela Owens sold 51,906 shares of the company's stock in a transaction on Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the completion of the sale, the senior vice president now directly owns 112,412 shares in the company, valued at $1,927,865.80. This represents a 31.59 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.49% of the company's stock.
American Airlines Group Company Profile
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Free Report)
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.
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