Trexquant Investment LP 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 13F filing with the SEC. The institutional investor purchased 854,395 shares of the airline's stock, valued at approximately $14,892,000. Trexquant Investment LP owned about 0.13% of American Airlines Group as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of AAL. Golden State Wealth Management LLC bought a new stake in American Airlines Group in the fourth quarter valued at about $25,000. Brooklyn Investment Group raised its position in shares of American Airlines Group by 133.1% during the fourth 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 lifted its position in American Airlines Group by 269.3% during the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline's stock valued at $36,000 after purchasing an additional 1,500 shares during the period. Harvest Fund Management Co. Ltd acquired a new stake in shares of American Airlines Group during the 4th quarter worth approximately $45,000. Finally, Quent Capital LLC raised its stake 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 buying an additional 1,264 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
Several research analysts have recently issued reports on the company. Raymond James reduced their price target on American Airlines Group from $23.00 to $15.00 and set an "outperform" rating on the stock in a research report on Wednesday. Sanford C. Bernstein upgraded American Airlines Group from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $14.00 to $24.00 in a report on Tuesday, December 10th. StockNews.com lowered American Airlines Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. JPMorgan Chase & Co. dropped their target price on shares of American Airlines Group from $30.00 to $26.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Finally, Bank of America reduced their price target on shares of American Airlines Group from $16.00 to $12.00 and set a "neutral" rating for the company in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, American Airlines Group presently has a consensus rating of "Moderate Buy" and an average target price of $18.30.
View Our Latest Stock Report on AAL
American Airlines Group Stock Down 0.9 %
Shares of American Airlines Group stock traded down $0.09 during trading on Friday, reaching $9.42. The company's stock had a trading volume of 110,150,963 shares, compared to its average volume of 36,513,754. American Airlines Group Inc. has a 52 week low of $8.50 and a 52 week high of $19.10. The firm has a market cap of $6.19 billion, a PE ratio of 8.26, a P/E/G ratio of 0.21 and a beta of 1.17. The business's 50-day moving average price is $13.85 and its 200-day moving average price is $14.44.
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 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%. Equities analysts predict 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 related news, SVP Angela Owens sold 51,906 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were 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 owns 112,412 shares in the company, valued at $1,927,865.80. This trade represents a 31.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.49% of the company's stock.
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.
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