19,198 Shares in American Airlines Group Inc. (NASDAQ:AAL) Purchased by Blueshift Asset Management LLC

Blueshift Asset Management LLC purchased a new stake in American Airlines Group Inc. (NASDAQ:AAL) in the fourth quarter, Holdings Channel reports. The institutional investor purchased 19,198 shares of the airline’s stock, valued at approximately $335,000.

Several other large investors also recently made changes to their positions in AAL. Primecap Management Co. CA grew its holdings in shares of American Airlines Group by 5.0% in 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 during the last quarter. Assenagon Asset Management S.A. purchased a new position in American Airlines Group in the 4th quarter worth about $26,033,000. Point72 DIFC Ltd acquired a new stake in American Airlines Group during the 3rd quarter worth about $16,490,000. Toronto Dominion Bank lifted its stake in American Airlines Group by 379.6% during the third quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock valued at $18,743,000 after buying an additional 1,319,859 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of American Airlines Group by 10,997.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline’s stock worth $13,118,000 after buying an additional 1,156,540 shares during the period. Institutional investors own 52.44% of the company’s stock.

Insider Buying and Selling

In related news, SVP Angela Owens sold 51,906 shares of the business’s stock in a transaction 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 approximately $1,927,865.80. The trade was a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction on Friday, December 27th. The shares were sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the completion of the sale, the chief executive officer now directly owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. This trade represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

American Airlines Group Stock Up 1.2 %

Shares of AAL stock opened at $11.39 on Friday. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $19.10. The company has a market cap of $7.49 billion, a PE ratio of 9.99, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27. The business’s 50 day moving average is $15.31 and its two-hundred day moving average is $14.43.

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

Wall Street Analysts Forecast Growth

Several brokerages recently commented on AAL. Morgan Stanley upped their price target on shares of American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. Scotiabank upgraded American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a report on Thursday, December 5th. Sanford C. Bernstein upgraded 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 report on Tuesday, December 10th. Seaport Res Ptn upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Finally, Barclays dropped their target price on American Airlines Group from $18.00 to $16.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 12th. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.30.

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.