New Age Alpha Advisors LLC Purchases Shares of 67,555 American Airlines Group Inc. (NASDAQ:AAL)

New Age Alpha Advisors LLC purchased a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL) during the 4th quarter, HoldingsChannel reports. The fund purchased 67,555 shares of the airline’s stock, valued at approximately $1,177,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in American Airlines Group by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 62,985,524 shares of the airline’s stock valued at $1,097,838,000 after purchasing an additional 953,766 shares during the last quarter. Primecap Management Co. CA boosted its stake in shares of American Airlines Group by 5.0% during the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline’s stock worth $1,049,734,000 after acquiring an additional 2,886,041 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of American Airlines Group by 69.5% in the 4th quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline’s stock worth $44,892,000 after acquiring an additional 1,055,667 shares during the last quarter. Toronto Dominion Bank raised its position in shares of American Airlines Group by 379.6% during 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 during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of American Airlines Group during the fourth quarter valued at $26,033,000. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Trading Down 1.4 %

Shares of NASDAQ:AAL opened at $10.55 on Tuesday. The stock has a market capitalization of $6.94 billion, a PE ratio of 9.25, a P/E/G 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. The firm has a fifty day moving average price of $14.48 and a 200 day moving average price of $14.49.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, beating analysts’ consensus estimates 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%. On average, sell-side analysts forecast that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several analysts have issued reports on AAL shares. Seaport Res Ptn upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Susquehanna cut their price target on shares of American Airlines Group from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Jefferies Financial Group raised shares of American Airlines Group from a “hold” rating to a “buy” rating and raised their price objective for the stock from $12.00 to $20.00 in a research note on Monday, January 6th. Sanford C. Bernstein raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $14.00 to $24.00 in a research note on Tuesday, December 10th. Finally, StockNews.com cut American Airlines Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th. Seven research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.30.

Insider Activity

In other news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the transaction, the senior vice president now directly owns 112,412 shares in the company, 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 this hyperlink. Insiders own 0.49% of the company’s stock.

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.