Zurcher Kantonalbank Zurich Cantonalbank Buys 34,670 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 26.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,528 shares of the airline's stock after purchasing an additional 34,670 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in American Airlines Group were worth $2,885,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Golden State Wealth Management LLC bought a new position in shares of American Airlines Group during the 4th quarter worth $25,000. Brooklyn Investment Group lifted its holdings in American Airlines Group by 133.1% during the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock valued at $28,000 after purchasing an additional 909 shares during the last quarter. Bfsg LLC boosted its position in American Airlines Group by 269.3% during the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline's stock worth $36,000 after purchasing an additional 1,500 shares during the period. Quent Capital LLC increased its stake in shares of American Airlines Group by 70.2% in 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 in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of American Airlines Group in the third quarter valued at approximately $55,000. Institutional investors own 52.44% of the company's stock.

American Airlines Group Trading Up 3.7 %

Shares of AAL stock traded up $0.41 during trading hours on Wednesday, hitting $11.48. 60,016,477 shares of the company's stock were exchanged, compared to its average volume of 34,471,562. The company has a market capitalization of $7.55 billion, a PE ratio of 10.07, a PEG ratio of 0.21 and a beta of 1.27. American Airlines Group Inc. has a 12-month low of $9.07 and a 12-month high of $19.10. The business's 50 day simple moving average is $15.70 and its 200-day simple moving average is $14.47.

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American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, topping analysts' consensus estimates 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%. Equities analysts anticipate that American Airlines Group Inc. will post 2.42 EPS for the current year.

Analyst Upgrades and Downgrades

AAL has been the subject of several analyst reports. Citigroup cut their price objective 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. JPMorgan Chase & Co. reduced their price target on American Airlines Group from $30.00 to $26.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. 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 report on Wednesday, February 26th. Susquehanna reduced their target price on American Airlines Group from $20.00 to $18.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. Finally, TD Cowen increased their price target on shares of American Airlines Group to $26.00 and gave the stock a "buy" rating in a report on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, American Airlines Group has an average rating of "Moderate Buy" and a consensus target price of $19.30.

Insider Activity

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction on Friday, December 27th. The shares were sold at an average price of $17.21, for a total value of $1,763,009.61. Following the transaction, the chief executive officer now directly owns 2,967,984 shares of the company's stock, valued at $51,079,004.64. The trade was a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Angela Owens sold 51,906 shares of the 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 sale, 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 disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate 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.