Migdal Insurance & Financial Holdings Ltd. Raises Position in American Airlines Group Inc. (NASDAQ:AAL)

Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 1,401.5% during the fourth quarter, HoldingsChannel reports. The firm owned 12,417 shares of the airline’s stock after purchasing an additional 11,590 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in American Airlines Group were worth $174,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in AAL. Jupiter Asset Management Ltd. purchased a new position in shares of American Airlines Group in the 3rd quarter worth $59,411,000. Invesco Ltd. raised its position in shares of American Airlines Group by 28.3% in the 3rd quarter. Invesco Ltd. now owns 12,119,358 shares of the airline’s stock worth $155,249,000 after buying an additional 2,672,793 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of American Airlines Group by 502.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 2,986,179 shares of the airline’s stock worth $54,498,000 after buying an additional 2,490,121 shares during the period. Renaissance Technologies LLC purchased a new position in American Airlines Group in the first quarter valued at about $44,800,000. Finally, Qube Research & Technologies Ltd purchased a new position in American Airlines Group in the third quarter valued at about $28,867,000. Hedge funds and other institutional investors own 52.44% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on AAL shares. Citigroup reissued a “buy” rating and issued a $20.00 price objective on shares of American Airlines Group in a research report on Thursday, March 14th. Seaport Res Ptn raised American Airlines Group from a “neutral” rating to a “buy” rating in a research report on Friday, January 26th. Wolfe Research raised American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 price objective on the stock in a research report on Monday, January 22nd. TD Cowen upgraded American Airlines Group from a “market perform” rating to an “outperform” rating and raised their target price for the company from $14.00 to $21.00 in a research note on Friday, January 26th. Finally, Sanford C. Bernstein raised their target price on American Airlines Group from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $17.53.

American Airlines Group Stock Up 0.9 %

Shares of AAL stock opened at $14.02 on Friday. The business has a 50 day moving average of $14.56 and a two-hundred day moving average of $13.56. American Airlines Group Inc. has a 52 week low of $10.86 and a 52 week high of $19.08. The company has a market cap of $9.18 billion, a P/E ratio of 12.75, a PEG ratio of 0.11 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, January 25th. The airline reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.18. American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The company had revenue of $13.06 billion during the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the previous year, the firm posted $1.17 earnings per share. American Airlines Group’s quarterly revenue was down 1.0% compared to the same quarter last year. Analysts expect that American Airlines Group Inc. will post 2.45 EPS for the current fiscal year.

About American Airlines Group

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.