AE Wealth Management LLC raised its stake in American Airlines Group Inc. (NASDAQ:AAL – Get Rating) by 19.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 291,420 shares of the airline’s stock after acquiring an additional 48,230 shares during the quarter. AE Wealth Management LLC’s holdings in American Airlines Group were worth $3,707,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also made changes to their positions in AAL. Raymond James & Associates boosted its position in American Airlines Group by 12.8% during the first quarter. Raymond James & Associates now owns 143,373 shares of the airline’s stock worth $2,617,000 after acquiring an additional 16,316 shares during the last quarter. American Century Companies Inc. grew its position in shares of American Airlines Group by 14.1% in the first quarter. American Century Companies Inc. now owns 27,651 shares of the airline’s stock valued at $505,000 after purchasing an additional 3,421 shares during the period. US Bancorp DE grew its position in shares of American Airlines Group by 11.0% in the first quarter. US Bancorp DE now owns 20,747 shares of the airline’s stock valued at $378,000 after purchasing an additional 2,064 shares during the period. MetLife Investment Management LLC increased its stake in American Airlines Group by 23.1% in the first quarter. MetLife Investment Management LLC now owns 176,047 shares of the airline’s stock valued at $3,213,000 after purchasing an additional 32,986 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in American Airlines Group by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 86,668 shares of the airline’s stock worth $1,582,000 after buying an additional 5,393 shares during the period. 54.84% of the stock is currently owned by hedge funds and other institutional investors.
Insider Activity at American Airlines Group
In other news, COO David Seymour sold 74,614 shares of the company’s stock in a transaction dated Tuesday, January 31st. The shares were sold at an average price of $16.03, for a total value of $1,196,062.42. Following the sale, the chief operating officer now owns 398,371 shares in the company, valued at approximately $6,385,887.13. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.78% of the stock is currently owned by corporate insiders.
American Airlines Group Price Performance
American Airlines Group (NASDAQ:AAL – Get Rating) last posted its quarterly earnings data 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. The company had revenue of $13.19 billion for the quarter, compared to the consensus estimate of $13.20 billion. American Airlines Group had a negative return on equity of 4.22% and a net margin of 0.26%. American Airlines Group’s revenue for the quarter was up 39.9% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.42) EPS. On average, equities analysts expect that American Airlines Group Inc. will post 2.48 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several equities research analysts recently issued reports on AAL shares. Cowen raised their target price on shares of American Airlines Group from $18.00 to $20.00 and gave the stock a “market perform” rating in a research report on Friday, January 27th. Wolfe Research upgraded shares of American Airlines Group from an “underperform” rating to a “peer perform” rating in a report on Friday, March 17th. Evercore ISI upped their price objective on American Airlines Group to $17.00 in a report on Friday, January 13th. Deutsche Bank Aktiengesellschaft reduced their target price on American Airlines Group from $25.00 to $20.00 in a report on Tuesday, December 20th. Finally, Redburn Partners raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $25.00 price target for the company in a research report on Wednesday, February 8th. Two equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, American Airlines Group has an average rating of “Hold” and an average price target of $17.89.
American Airlines Group Company Profile
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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