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

CX Institutional increased its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 22.0% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 17,497 shares of the airline’s stock after purchasing an additional 3,152 shares during the quarter. CX Institutional’s holdings in American Airlines Group were worth $305,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Austin Private Wealth LLC bought a new position in American Airlines Group during the third quarter valued at $723,000. U S Global Investors Inc. grew its holdings in American Airlines Group by 5.9% during the 3rd quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock valued at $102,151,000 after purchasing an additional 508,119 shares during the last quarter. Centiva Capital LP raised its position in American Airlines Group by 199.9% in 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. SG Americas Securities LLC lifted its stake in American Airlines Group by 743.1% in the third quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline’s stock worth $14,013,000 after purchasing an additional 1,098,865 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of American Airlines Group by 107.6% during the third quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock valued at $17,084,000 after buying an additional 787,671 shares during the period. Hedge funds and other institutional investors own 52.44% of the company’s stock.

Insider Activity at American Airlines Group

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following 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 position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.49% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group reissued a “neutral” rating and set a $15.00 price target on shares of American Airlines Group in a research note on Friday, November 15th. Scotiabank raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a research report on Thursday, December 5th. TD Cowen raised American Airlines Group from a “hold” rating to a “buy” rating and upped their price objective for the company from $17.00 to $25.00 in a research report on Monday, January 6th. StockNews.com downgraded American Airlines Group from a “buy” rating to a “hold” rating in a research report on Tuesday, January 21st. Finally, Bank of America raised American Airlines Group from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $12.00 to $20.00 in a research report on Friday, January 17th. Eight research analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, American Airlines Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.99.

American Airlines Group Price Performance

Shares of NASDAQ AAL opened at $16.96 on Monday. The stock has a market capitalization of $11.14 billion, a P/E ratio of 51.40, a price-to-earnings-growth ratio of 0.97 and a beta of 1.35. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $19.10. The business has a fifty day moving average price of $16.71 and a 200 day moving average price of $13.26.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. As a group, equities research analysts anticipate that American Airlines Group Inc. will post 1.73 earnings per share 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.