Advisory Alpha LLC Grows Position in American Airlines Group Inc. (NASDAQ:AAL)

Advisory Alpha LLC increased its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 35.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,034 shares of the airline’s stock after buying an additional 4,694 shares during the quarter. Advisory Alpha LLC’s holdings in American Airlines Group were worth $314,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Ballentine Partners LLC purchased a new position in American Airlines Group during the 4th quarter worth approximately $186,000. Brooklyn Investment Group grew its stake in shares of American Airlines Group by 133.1% in the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after purchasing an additional 909 shares during the last quarter. Decker Retirement Planning Inc. purchased a new position in shares of American Airlines Group in the 4th quarter valued at approximately $9,482,000. Gateway Investment Advisers LLC grew its stake in shares of American Airlines Group by 869.7% in the 4th quarter. Gateway Investment Advisers LLC now owns 477,255 shares of the airline’s stock valued at $8,319,000 after purchasing an additional 428,040 shares during the last quarter. Finally, Contravisory Investment Management Inc. purchased a new position in shares of American Airlines Group in the 4th quarter valued at approximately $689,000. Hedge funds and other institutional investors own 52.44% of the company’s stock.

Insider Buying and Selling at American Airlines Group

In other 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 value of $1,763,009.61. Following the completion of the sale, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.49% of the stock is owned by company insiders.

American Airlines Group Stock Down 8.7 %

Shares of NASDAQ:AAL opened at $17.03 on Friday. The business has a fifty day simple moving average of $16.60 and a 200-day simple moving average of $13.16. American Airlines Group Inc. has a 52 week low of $9.07 and a 52 week high of $19.10. The company has a market cap of $11.19 billion, a P/E ratio of 51.61, a P/E/G ratio of 0.97 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts expect that American Airlines Group Inc. will post 1.73 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Melius Research upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Jefferies Financial Group upgraded American Airlines Group from a “hold” rating to a “buy” rating and lifted their price target for the company from $12.00 to $20.00 in a research note on Monday, January 6th. Evercore ISI lifted their price objective on American Airlines Group to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 9th. Finally, TD Cowen raised American Airlines Group from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $17.00 to $25.00 in a report on Monday, January 6th. Eight analysts have rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $19.05.

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.