Los Angeles Capital Management LLC Takes $1.85 Million Position in American Airlines Group Inc. (NASDAQ:AAL)

Los Angeles Capital Management LLC purchased a new position in American Airlines Group Inc. (NASDAQ:AAL) in the fourth quarter, Holdings Channel.com reports. The fund purchased 106,054 shares of the airline’s stock, valued at approximately $1,849,000.

Several other large investors have also added to or reduced their stakes in the stock. Primecap Management Co. CA grew its holdings in shares of American Airlines Group by 0.8% during the 3rd quarter. Primecap Management Co. CA now owns 57,339,666 shares of the airline’s stock worth $644,498,000 after acquiring an additional 458,310 shares during the period. Principal Financial Group Inc. grew its stake in American Airlines Group by 69.5% in the fourth quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline’s stock worth $44,892,000 after purchasing an additional 1,055,667 shares during the period. Toronto Dominion Bank raised its holdings in American Airlines Group by 379.6% in the third quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock worth $18,743,000 after purchasing an additional 1,319,859 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in American Airlines Group in the fourth quarter worth $26,033,000. Finally, Point72 DIFC Ltd purchased a new position in American Airlines Group during the third quarter valued at $16,490,000. Institutional investors own 52.44% of the company’s stock.

Analyst Upgrades and Downgrades

AAL has been the subject of several research reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $15.00 price target on shares of American Airlines Group in a research note on Friday, November 15th. Scotiabank raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Thursday, December 5th. StockNews.com raised American Airlines Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 29th. Redburn Atlantic upgraded 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. Finally, Melius upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Monday, January 6th. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.40.

Insider Activity

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of the business’s 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 sale, the senior vice president now 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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm’s stock in a transaction dated Friday, December 27th. The stock was 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 in the company, valued at $51,079,004.64. This trade represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

American Airlines Group Trading Down 1.2 %

NASDAQ:AAL opened at $14.36 on Friday. The company has a market cap of $9.44 billion, a PE ratio of 12.59, a price-to-earnings-growth ratio of 0.21 and a beta of 1.35. The company has a 50 day simple moving average of $16.99 and a two-hundred day simple moving average of $14.21. 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, 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%. Research analysts forecast that American Airlines Group Inc. will post 2.42 earnings per share for the current 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.