Primecap Management Co. CA Acquires 2,886,041 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Primecap Management Co. CA grew its position in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 5.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 60,225,707 shares of the airline's stock after purchasing an additional 2,886,041 shares during the quarter. Primecap Management Co. CA owned about 9.16% of American Airlines Group worth $1,049,734,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Counterpoint Mutual Funds LLC acquired a new stake in shares of American Airlines Group during the 4th quarter worth $332,000. Signaturefd LLC grew its stake in American Airlines Group by 41.7% during the fourth quarter. Signaturefd LLC now owns 10,259 shares of the airline's stock worth $179,000 after buying an additional 3,021 shares in the last quarter. Natixis Advisors LLC increased its holdings in American Airlines Group by 276.0% in the 4th quarter. Natixis Advisors LLC now owns 122,090 shares of the airline's stock valued at $2,128,000 after buying an additional 89,623 shares during the period. Poinciana Advisors Group LLC acquired a new position in shares of American Airlines Group in the 4th quarter valued at approximately $186,000. Finally, Commonwealth Equity Services LLC lifted its holdings in shares of American Airlines Group by 8.3% during the 4th quarter. Commonwealth Equity Services LLC now owns 378,277 shares of the airline's stock worth $6,593,000 after acquiring an additional 29,045 shares during the period. Institutional investors own 52.44% of the company's stock.

American Airlines Group Price Performance

Shares of AAL traded up $0.13 during trading hours on Friday, hitting $11.39. The stock had a trading volume of 46,911,968 shares, compared to its average volume of 34,618,202. The firm has a 50 day simple moving average of $15.45 and a 200-day simple moving average of $14.42. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $19.10. The firm has a market capitalization of $7.49 billion, a P/E ratio of 9.99, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27.

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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 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 fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. UBS Group upgraded American Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. Sanford C. Bernstein upgraded American Airlines Group from a "market perform" rating to an "outperform" rating and increased their target price for the company from $14.00 to $24.00 in a research report on Tuesday, December 10th. Barclays reduced their price target on American Airlines Group from $18.00 to $16.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 12th. TD Cowen raised their price objective on shares of American Airlines Group to $26.00 and gave the company a "buy" rating in a report on Thursday, March 13th. Finally, Jefferies Financial Group raised shares of American Airlines Group from a "hold" rating to a "buy" rating and boosted their target price for the stock from $12.00 to $20.00 in a report on Monday, January 6th. Seven equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $19.30.

Insider Activity

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction on Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the transaction, the senior vice president now directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm's stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the transaction, the chief executive officer now directly owns 2,967,984 shares in the company, valued at $51,079,004.64. The trade was a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company's stock.

American Airlines Group 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.