Xponance Inc. Purchases 6,836 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Xponance Inc. raised its position in American Airlines Group Inc. (NASDAQ:AAL) by 9.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 81,720 shares of the airline’s stock after buying an additional 6,836 shares during the quarter. Xponance Inc.’s holdings in American Airlines Group were worth $1,424,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Centiva Capital LP raised its stake in shares of American Airlines Group by 199.9% in the third quarter. Centiva Capital LP now owns 149,304 shares of the airline’s stock valued at $1,678,000 after buying an additional 99,513 shares during the period. Banco Santander S.A. bought a new stake in shares of American Airlines Group during the 3rd quarter valued at $672,000. Decker Retirement Planning Inc. bought a new stake in shares of American Airlines Group during the 4th quarter valued at $9,482,000. Amundi raised its stake in shares of American Airlines Group by 31,647.8% during the 4th quarter. Amundi now owns 426,691 shares of the airline’s stock valued at $7,510,000 after purchasing an additional 425,347 shares during the period. Finally, MetLife Investment Management LLC raised its stake in shares of American Airlines Group by 92.8% during the 3rd quarter. MetLife Investment Management LLC now owns 341,525 shares of the airline’s stock valued at $3,839,000 after purchasing an additional 164,376 shares during the period. 52.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AAL. Susquehanna decreased their price objective on American Airlines Group from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. UBS Group upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Evercore ISI boosted their price objective on American Airlines Group to $18.00 and gave the company a “hold” rating in a research note on Thursday, January 9th. Melius Research upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, Redburn Atlantic upgraded American Airlines Group from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $18.00 to $24.00 in a research report on Wednesday, February 26th. Seven research analysts have rated the stock with a hold rating, twelve 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.30.

American Airlines Group Trading Up 1.2 %

NASDAQ AAL opened at $11.39 on Friday. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $19.10. The stock has a 50-day moving average of $15.31 and a 200-day moving average of $14.46. The firm 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.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share 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%. As a group, equities research analysts forecast that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

Insider Activity

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were 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 of the company’s stock, valued at $1,927,865.80. The trade was a 31.59 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by corporate insiders.

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.