Handelsbanken Fonder AB Acquires 30,000 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Handelsbanken Fonder AB increased its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 22.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,700 shares of the airline’s stock after purchasing an additional 30,000 shares during the period. Handelsbanken Fonder AB’s holdings in American Airlines Group were worth $2,871,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Golden State Wealth Management LLC bought a new position in American Airlines Group during the 4th quarter worth about $25,000. Brooklyn Investment Group grew its holdings 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 buying an additional 909 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after buying an additional 911 shares in the last quarter. Bfsg LLC raised its position in American Airlines Group by 269.3% in the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock valued at $36,000 after buying an additional 1,500 shares during the last quarter. Finally, Quent Capital LLC lifted its stake in American Airlines Group by 70.2% in the 4th quarter. Quent Capital LLC now owns 3,064 shares of the airline’s stock valued at $53,000 after acquiring an additional 1,264 shares in the last quarter. Institutional investors own 52.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on AAL. Bank of America raised shares of American Airlines Group from an “underperform” rating to a “neutral” rating and raised their price target for the stock from $12.00 to $20.00 in a research note on Friday, January 17th. StockNews.com raised shares of American Airlines Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 29th. Barclays boosted their price target on shares of American Airlines Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. The Goldman Sachs Group restated a “neutral” rating and issued a $15.00 price objective on shares of American Airlines Group in a report on Friday, November 15th. Finally, Morgan Stanley upped their target price on American Airlines Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Seven analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $18.88.

Insider Transactions at American Airlines Group

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now 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 position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Angela Owens sold 51,906 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $17.15, for a total transaction of $890,187.90. Following the transaction, the senior vice president now directly owns 112,412 shares in the company, valued at $1,927,865.80. This represents a 31.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

American Airlines Group Price Performance

AAL stock opened at $15.31 on Tuesday. The stock has a market cap of $10.07 billion, a price-to-earnings ratio of 13.43, a price-to-earnings-growth ratio of 0.22 and a beta of 1.35. The company has a fifty day moving average price of $17.09 and a two-hundred day moving average price of $14.16. American Airlines Group Inc. has a one year low of $9.07 and a one year high of $19.10.

American Airlines Group (NASDAQ:AAL) last announced 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 net margin of 1.56% and a negative return on equity of 28.56%. Research analysts anticipate that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

American Airlines Group Company 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.