Prudential Financial Inc. Purchases 44,462 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Prudential Financial Inc. increased its position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 28.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 202,575 shares of the airline's stock after acquiring an additional 44,462 shares during the period. Prudential Financial Inc.'s holdings in American Airlines Group were worth $3,531,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Golden State Wealth Management LLC bought a new stake in shares of American Airlines Group during the fourth quarter worth about $25,000. Brooklyn Investment Group grew its holdings in American Airlines Group by 133.1% during the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock worth $28,000 after acquiring an additional 909 shares during the last quarter. Bfsg LLC increased its position in American Airlines Group by 269.3% in the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline's stock valued at $36,000 after acquiring an additional 1,500 shares during the period. Harvest Fund Management Co. Ltd bought a new position in shares of American Airlines Group during the fourth quarter valued at $45,000. Finally, Quent Capital LLC lifted its holdings in shares of American Airlines Group by 70.2% during the fourth quarter. Quent Capital LLC now owns 3,064 shares of the airline's stock worth $53,000 after purchasing an additional 1,264 shares during the period. Institutional investors own 52.44% of the company's stock.

American Airlines Group Stock Down 0.9 %

AAL stock traded down $0.09 during trading on Friday, reaching $9.42. The stock had a trading volume of 110,150,963 shares, compared to its average volume of 36,513,754. The company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 8.26, a P/E/G ratio of 0.21 and a beta of 1.17. American Airlines Group Inc. has a one year low of $8.50 and a one year high of $19.10. The company's 50 day moving average is $13.85 and its two-hundred day moving average is $14.47.

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American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, beating analysts' consensus estimates 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%. As a group, research analysts predict that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Raymond James lowered their target price on American Airlines Group from $23.00 to $15.00 and set an "outperform" rating for the company in a research report on Wednesday. Redburn Partners raised American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 price objective on the stock in a research note on Wednesday, February 26th. Citigroup reduced their target price on American Airlines Group from $21.50 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Jefferies Financial Group restated a "hold" rating and set a $12.00 price target (down previously from $20.00) on shares of American Airlines Group in a report on Tuesday, April 1st. Finally, UBS Group raised shares of American Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, December 10th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.30.

Insider Activity at American Airlines Group

In related news, SVP Angela Owens sold 51,906 shares of the company'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 value of $890,187.90. Following the transaction, the senior vice president now owns 112,412 shares in the company, valued at approximately $1,927,865.80. This represents a 31.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.49% of the stock is owned by company insiders.

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.