Semanteon Capital Management LP acquired a new position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 70,680 shares of the airline's stock, valued at approximately $1,232,000.
Other institutional investors have also added to or reduced their stakes in the company. Primecap Management Co. CA raised its holdings in shares of American Airlines Group by 5.0% in the fourth quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline's stock valued at $1,049,734,000 after purchasing an additional 2,886,041 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of American Airlines Group during the 4th quarter worth approximately $26,033,000. Point72 DIFC Ltd acquired a new stake in shares of American Airlines Group in the 3rd quarter valued at approximately $16,490,000. Toronto Dominion Bank grew its stake in shares of American Airlines Group by 379.6% in the third quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline's stock valued at $18,743,000 after buying an additional 1,319,859 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in American Airlines Group by 10,997.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline's stock worth $13,118,000 after buying an additional 1,156,540 shares during the last quarter. 52.44% of the stock is owned by institutional investors.
American Airlines Group Price Performance
AAL stock traded down $0.32 during midday trading on Tuesday, reaching $11.51. The company had a trading volume of 57,319,659 shares, compared to its average volume of 34,764,878. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $19.10. The company has a market capitalization of $7.57 billion, a price-to-earnings ratio of 10.10, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27. The stock has a 50 day moving average price of $15.19 and a 200-day moving average price of $14.49.
American Airlines Group (NASDAQ:AAL - Get Free Report) last released its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share 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%. As a group, research analysts anticipate that American Airlines Group Inc. will post 2.42 earnings per share for the current year.
Insider Buying and Selling at American Airlines Group
In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction on Friday, December 27th. The stock was sold at an average price of $17.21, for a total value of $1,763,009.61. Following the completion of the transaction, the chief executive officer now directly owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. This represents a 3.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Angela Owens sold 51,906 shares of the company's stock in a transaction dated 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 transaction, the senior vice president now directly owns 112,412 shares of the company's stock, valued at approximately $1,927,865.80. The trade was a 31.59 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company's stock.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the stock. Raymond James reiterated an "outperform" rating and issued a $23.00 price target (down previously from $24.00) on shares of American Airlines Group in a research note on Friday, January 24th. Sanford C. Bernstein upgraded shares of American Airlines Group from a "market perform" rating to an "outperform" rating and raised their target price for the company from $14.00 to $24.00 in a research note on Tuesday, December 10th. StockNews.com downgraded American Airlines Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. Evercore ISI upped their price objective on American Airlines Group to $18.00 and gave the company a "hold" rating in a research note on Thursday, January 9th. Finally, Seaport Res Ptn upgraded American Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Thursday, December 5th. Seven analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.30.
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About American Airlines Group
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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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