Poinciana Advisors Group LLC Buys Shares of 10,698 American Airlines Group Inc. (NASDAQ:AAL)

Poinciana Advisors Group LLC bought a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 10,698 shares of the airline’s stock, valued at approximately $186,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of AAL. Golden State Wealth Management LLC purchased a new position in shares of American Airlines Group during the 4th quarter valued at $25,000. Brooklyn Investment Group grew its position in shares of American Airlines Group by 133.1% during the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after purchasing an additional 909 shares in the last quarter. Bfsg LLC grew its position in shares of American Airlines Group by 269.3% during the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock valued at $36,000 after purchasing an additional 1,500 shares in the last quarter. Quent Capital LLC grew its position in shares of American Airlines Group by 70.2% during the 4th quarter. Quent Capital LLC now owns 3,064 shares of the airline’s stock valued at $53,000 after purchasing an additional 1,264 shares in the last quarter. Finally, Principal Securities Inc. grew its position in shares of American Airlines Group by 139.6% during the 4th quarter. Principal Securities Inc. now owns 3,261 shares of the airline’s stock valued at $57,000 after purchasing an additional 1,900 shares in the last quarter. Institutional investors own 52.44% of the company’s stock.

Insider Activity

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the 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 transaction, the chief executive officer now directly owns 2,967,984 shares of the company’s stock, valued at $51,079,004.64. This represents a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Angela Owens sold 51,906 shares of the stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.15, for a total transaction of $890,187.90. Following the completion of the transaction, the senior vice president now directly owns 112,412 shares of the company’s stock, valued at approximately $1,927,865.80. The trade was a 31.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AAL shares. Scotiabank upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a research report on Thursday, December 5th. UBS Group upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Barclays cut their target price on shares of American Airlines Group from $18.00 to $16.00 and set an “equal weight” rating for the company in a research report on Wednesday. Raymond James reiterated an “outperform” rating and issued a $23.00 target price (down from $24.00) on shares of American Airlines Group in a research report on Friday, January 24th. Finally, JPMorgan Chase & Co. cut their target price on shares of 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. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, American Airlines Group presently has a consensus rating of “Moderate Buy” and an average price target of $19.37.

American Airlines Group Trading Up 1.9 %

Shares of NASDAQ:AAL opened at $10.87 on Friday. The company has a market cap of $7.15 billion, a price-to-earnings ratio of 9.54, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27. The company has a 50-day moving average price of $15.95 and a 200-day moving average price of $14.40. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $19.10.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, beating the consensus estimate 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%. As a group, research analysts forecast that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

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.