Mountain Hill Investment Partners Corp. Takes Position in American Airlines Group Inc. (NASDAQ:AAL)

Mountain Hill Investment Partners Corp. purchased a new position in American Airlines Group Inc. (NASDAQ:AAL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 5,050 shares of the airline’s stock, valued at approximately $88,000.

Several other large investors have also added to or reduced their stakes in AAL. Vanguard Group Inc. lifted its position in shares of American Airlines Group by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 62,985,524 shares of the airline’s stock worth $1,097,838,000 after purchasing an additional 953,766 shares during the period. Fox Run Management L.L.C. lifted its holdings in American Airlines Group by 44.6% in the fourth quarter. Fox Run Management L.L.C. now owns 66,068 shares of the airline’s stock worth $1,152,000 after buying an additional 20,379 shares during the period. KLP Kapitalforvaltning AS bought a new stake in American Airlines Group during the 4th quarter valued at approximately $608,000. Quantbot Technologies LP purchased a new position in shares of American Airlines Group during the 4th quarter worth approximately $797,000. Finally, Semanteon Capital Management LP bought a new position in shares of American Airlines Group in the 4th quarter worth approximately $1,232,000. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Performance

AAL opened at $11.39 on Monday. The company’s 50-day simple moving average is $15.31 and its two-hundred day simple moving average is $14.48. The stock has a market capitalization of $7.49 billion, a P/E ratio of 9.99, a P/E/G ratio of 0.21 and a beta of 1.27. American Airlines Group Inc. has a 52-week low of $9.07 and a 52-week high of $19.10.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, topping 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%. Research analysts forecast that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

Analysts Set New Price Targets

AAL has been the topic of several recent research reports. Redburn Atlantic raised American Airlines Group from a “neutral” rating to a “buy” rating and upped their price target for the stock from $18.00 to $24.00 in a research note on Wednesday, February 26th. Melius Research raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Susquehanna lowered their price target on shares of American Airlines Group from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. UBS Group raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, Citigroup decreased their target price on shares of American Airlines Group from $21.50 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. Seven 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, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.30.

Insider Activity at American Airlines Group

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the completion of the sale, the chief executive officer now directly owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. The trade was a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Angela Owens sold 51,906 shares of the 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 completion of the transaction, the senior vice president now owns 112,412 shares in the company, valued at $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. 0.49% of the stock is owned by company insiders.

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.