General Partner Inc. purchased a new stake in American Airlines Group Inc. (NASDAQ:AAL – Get Rating) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 2,390 shares of the airline’s stock, valued at approximately $30,000.
Several other institutional investors and hedge funds have also bought and sold shares of AAL. Whitebox Advisors LLC bought a new stake in American Airlines Group during the third quarter worth about $107,916,000. Barclays PLC raised its holdings in American Airlines Group by 514.2% during the third quarter. Barclays PLC now owns 5,756,385 shares of the airline’s stock worth $69,307,000 after acquiring an additional 7,146,133 shares in the last quarter. Renaissance Technologies LLC raised its stake in American Airlines Group by 223.8% in the second quarter. Renaissance Technologies LLC now owns 7,948,300 shares of the airline’s stock valued at $100,784,000 after buying an additional 5,493,500 shares during the period. The Manufacturers Life Insurance Company raised its stake in American Airlines Group by 502.0% in the first quarter. The Manufacturers Life Insurance Company now owns 2,986,179 shares of the airline’s stock valued at $54,498,000 after buying an additional 2,490,121 shares during the period. Finally, Two Sigma Advisers LP raised its stake in American Airlines Group by 20.4% in the third quarter. Two Sigma Advisers LP now owns 8,803,200 shares of the airline’s stock valued at $105,991,000 after buying an additional 1,493,800 shares during the period. Institutional investors own 54.84% of the company’s stock.
Insider Activity
In related news, COO David Seymour sold 74,614 shares of the firm’s stock in a transaction that occurred on Tuesday, January 31st. The stock was sold at an average price of $16.03, for a total transaction of $1,196,062.42. Following the transaction, the chief operating officer now directly owns 398,371 shares in the company, valued at approximately $6,385,887.13. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.78% of the stock is currently owned by corporate insiders.
American Airlines Group Stock Performance
American Airlines Group (NASDAQ:AAL – Get Rating) last announced its earnings results on Thursday, January 26th. The airline reported $1.17 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.03. American Airlines Group had a net margin of 0.26% and a negative return on equity of 4.22%. The company had revenue of $13.19 billion during the quarter, compared to analyst estimates of $13.20 billion. During the same period in the previous year, the business earned ($1.42) earnings per share. The firm’s quarterly revenue was up 39.9% compared to the same quarter last year. On average, sell-side analysts forecast that American Airlines Group Inc. will post 2.32 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several analysts have issued reports on the company. Wolfe Research upgraded American Airlines Group from an “underperform” rating to a “peer perform” rating in a research note on Friday. JPMorgan Chase & Co. upped their price objective on American Airlines Group from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Friday, January 27th. StockNews.com started coverage on American Airlines Group in a research report on Thursday. They issued a “hold” rating on the stock. Evercore ISI upped their target price on American Airlines Group to $17.00 in a research report on Friday, January 13th. Finally, Barclays increased their price target on American Airlines Group from $14.00 to $15.00 in a research report on Friday, March 10th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, American Airlines Group presently has a consensus rating of “Hold” and a consensus target price of $18.06.
About American Airlines Group
American Airlines Group, Inc is a holding company, which engages in the operation of a network carrier through its principal wholly-owned mainline operating subsidiary, American. The firm offers air transportation for passengers and cargo. It operates through the following geographical segments: Department of Transportation Domestic, Department of Transportation Latin America, Department of Transportation Atlantic, and Department of Transportation Pacific.
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