Vanguard Group Inc. Raises Position in American Airlines Group Inc. (NASDAQ:AAL)

Vanguard Group Inc. increased its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 1.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 62,985,524 shares of the airline’s stock after purchasing an additional 953,766 shares during the period. Vanguard Group Inc. owned approximately 9.58% of American Airlines Group worth $1,097,838,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in AAL. Centiva Capital LP increased its position in American Airlines Group by 199.9% during the 3rd quarter. Centiva Capital LP now owns 149,304 shares of the airline’s stock worth $1,678,000 after purchasing an additional 99,513 shares during the period. Raymond James Financial Inc. acquired a new position in American Airlines Group during the fourth quarter worth $3,858,000. Decker Retirement Planning Inc. purchased a new position in American Airlines Group in the fourth quarter worth $9,482,000. Amundi lifted its holdings in American Airlines Group by 31,647.8% in the fourth quarter. Amundi now owns 426,691 shares of the airline’s stock valued at $7,510,000 after acquiring an additional 425,347 shares during the period. Finally, MetLife Investment Management LLC boosted its position in shares of American Airlines Group by 92.8% during the 3rd quarter. MetLife Investment Management LLC now owns 341,525 shares of the airline’s stock worth $3,839,000 after purchasing an additional 164,376 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Performance

Shares of NASDAQ AAL opened at $10.70 on Friday. The firm’s 50 day moving average price is $14.63 and its 200 day moving average price is $14.45. The firm has a market cap of $7.04 billion, a P/E ratio of 9.39, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27. American Airlines Group Inc. has a 1 year low of $9.07 and a 1 year high of $19.10.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data 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 negative return on equity of 28.56% and a net margin of 1.56%. As a group, equities analysts predict that American Airlines Group Inc. will post 2.42 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Scotiabank upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Thursday, December 5th. Sanford C. Bernstein upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $14.00 to $24.00 in a research report on Tuesday, December 10th. TD Cowen upped their price target on American Airlines Group to $26.00 and gave the stock a “buy” rating in a report on Thursday, March 13th. Melius raised American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a report on Monday, January 6th. Finally, Melius Research upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $19.30.

Insider Buying and Selling at American Airlines Group

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the transaction, the senior vice president now owns 112,412 shares of the company’s stock, valued at $1,927,865.80. This trade represents a 31.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.49% of the stock is owned by company insiders.

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.