Shelton Capital Management purchased a new position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 25,140 shares of the airline's stock, valued at approximately $438,000.
Several other hedge funds have also recently bought and sold shares of AAL. Federated Hermes Inc. increased its stake in shares of American Airlines Group by 424.9% during the 4th quarter. Federated Hermes Inc. now owns 369,493 shares of the airline's stock worth $6,440,000 after purchasing an additional 299,103 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of American Airlines Group by 25.6% in the fourth quarter. Quadrant Capital Group LLC now owns 8,265 shares of the airline's stock valued at $144,000 after acquiring an additional 1,683 shares in the last quarter. Envestnet Asset Management Inc. increased its position in American Airlines Group by 5.6% during the 4th quarter. Envestnet Asset Management Inc. now owns 38,133 shares of the airline's stock worth $665,000 after purchasing an additional 2,011 shares in the last quarter. Atlas Capital Advisors Inc. acquired a new stake in shares of American Airlines Group during the 4th quarter worth about $132,000. Finally, Cinctive Capital Management LP acquired a new position in shares of American Airlines Group in the fourth quarter valued at approximately $5,600,000. 52.44% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several brokerages have weighed in on AAL. UBS Group cut their price target on American Airlines Group from $13.00 to $9.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Raymond James lowered their price target on American Airlines Group from $23.00 to $15.00 and set an "outperform" rating for the company in a report on Wednesday, April 2nd. Citigroup lowered their target price on shares of American Airlines Group from $21.50 to $20.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. Redburn Atlantic upgraded American Airlines Group from a "neutral" rating to a "buy" rating and lifted their target price for the company from $18.00 to $24.00 in a report on Wednesday, February 26th. Finally, StockNews.com downgraded shares of American Airlines Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.95.
View Our Latest Stock Report on AAL
Insiders Place Their Bets
In related news, SVP Angela Owens sold 51,906 shares of the firm'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 sale, the senior vice president now directly owns 112,412 shares in the company, valued at $1,927,865.80. This trade represents a 31.59 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.49% of the stock is owned by corporate insiders.
American Airlines Group Stock Performance
Shares of NASDAQ AAL traded up $0.33 during trading on Tuesday, reaching $9.91. The stock had a trading volume of 33,776,574 shares, compared to its average volume of 50,131,406. The firm's 50 day moving average price is $12.71 and its two-hundred day moving average price is $14.37. American Airlines Group Inc. has a one year low of $8.50 and a one year high of $19.10. The stock has a market cap of $6.52 billion, a PE ratio of 8.69, a P/E/G ratio of 0.21 and a beta of 1.17.
American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings results 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 net margin of 1.56% and a negative return on equity of 28.56%. On average, research analysts expect that American Airlines Group Inc. will post 2.42 earnings per share for the current year.
About American Airlines Group
(
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.
See Also
Before you consider American Airlines Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Airlines Group wasn't on the list.
While American Airlines Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Which stocks are likely to thrive in today's challenging market? Enter your email address and we'll send you MarketBeat's list of ten stocks that will drive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
