Cinctive Capital Management LP Invests $5.60 Million in American Airlines Group Inc. (NASDAQ:AAL)

Cinctive Capital Management LP acquired a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 321,264 shares of the airline’s stock, valued at approximately $5,600,000.

Other large investors have also added to or reduced their stakes in the company. Trexquant Investment LP purchased a new position in American Airlines Group in the fourth quarter worth about $14,892,000. National Bank of Canada FI raised its holdings in American Airlines Group by 2,429.6% in the 4th quarter. National Bank of Canada FI now owns 1,004,071 shares of the airline’s stock worth $17,501,000 after acquiring an additional 964,378 shares during the last quarter. Alliancebernstein L.P. lifted its position in American Airlines Group by 1.7% in the 4th quarter. Alliancebernstein L.P. now owns 990,997 shares of the airline’s stock valued at $17,273,000 after acquiring an additional 16,509 shares in the last quarter. O Shaughnessy Asset Management LLC boosted its stake in American Airlines Group by 11.8% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 17,600 shares of the airline’s stock valued at $307,000 after purchasing an additional 1,860 shares during the last quarter. Finally, California Public Employees Retirement System increased its holdings in shares of American Airlines Group by 14.5% in the 4th quarter. California Public Employees Retirement System now owns 1,094,906 shares of the airline’s stock worth $19,084,000 after purchasing an additional 138,839 shares in the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.

Insiders Place Their Bets

In other news, 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 value of $890,187.90. Following the completion of the sale, the senior vice president now directly owns 112,412 shares of the company’s stock, valued at $1,927,865.80. This trade represents a 31.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on AAL shares. Redburn Partners upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Wednesday, February 26th. Melius Research upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. 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. Morgan Stanley raised their price target on American Airlines Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Finally, Raymond James reduced their price objective on American Airlines Group from $23.00 to $15.00 and set an “outperform” rating for the company in a research report on Wednesday. Eight equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, American Airlines Group has an average rating of “Moderate Buy” and an average price target of $18.50.

American Airlines Group Trading Up 2.8 %

Shares of AAL stock opened at $10.59 on Thursday. The stock has a market capitalization of $6.96 billion, a price-to-earnings ratio of 9.29, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27. American Airlines Group Inc. has a 12-month low of $9.07 and a 12-month high of $19.10. The stock’s 50-day moving average price is $14.15 and its 200-day moving average price is $14.46.

American Airlines Group (NASDAQ:AAL) last issued 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, research analysts predict 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.