172,262 Shares in American Airlines Group Inc. (NASDAQ:AAL) Purchased by Truxt Investmentos Ltda.

Truxt Investmentos Ltda. acquired a new stake in American Airlines Group Inc. (NASDAQ:AAL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 172,262 shares of the airline’s stock, valued at approximately $3,035,000. American Airlines Group comprises about 4.9% of Truxt Investmentos Ltda.’s investment portfolio, making the stock its 7th biggest holding.

Several other institutional investors and hedge funds have also recently bought and sold shares of AAL. Brooklyn Investment Group increased its holdings in shares of American Airlines Group by 133.1% during the fourth 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 period. Blue Trust Inc. grew its position in American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after buying an additional 911 shares in the last quarter. CIBC Asset Management Inc increased its stake in American Airlines Group by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 19,987 shares of the airline’s stock valued at $348,000 after buying an additional 981 shares during the period. Quent Capital LLC raised its position in shares of American Airlines Group by 70.2% during the 4th quarter. Quent Capital LLC now owns 3,064 shares of the airline’s stock worth $53,000 after buying an additional 1,264 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in shares of American Airlines Group in the 4th quarter worth approximately $25,000. Institutional investors own 52.44% of the company’s stock.

Insider Transactions at American Airlines Group

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the business’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 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 approximately $51,079,004.64. The trade was a 3.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Angela Owens sold 51,906 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the completion of the transaction, the senior vice president now owns 112,412 shares in the company, valued at $1,927,865.80. This represents 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 company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. StockNews.com raised American Airlines Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th. Citigroup upped their price objective on American Airlines Group from $19.00 to $23.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Evercore ISI lifted their target price on American Airlines Group to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 9th. Jefferies Financial Group raised shares of American Airlines Group from a “hold” rating to a “buy” rating and upped their price target for the company from $12.00 to $20.00 in a report on Monday, January 6th. Finally, Scotiabank raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $18.88.

American Airlines Group Trading Down 0.5 %

Shares of NASDAQ AAL opened at $16.00 on Thursday. American Airlines Group Inc. has a one year low of $9.07 and a one year high of $19.10. The business has a 50-day moving average price of $17.17 and a two-hundred day moving average price of $14.00. The firm has a market capitalization of $10.51 billion, a PE ratio of 14.04, a PEG ratio of 0.22 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 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%. Research analysts anticipate that American Airlines Group Inc. will post 2.39 EPS for the current year.

American Airlines Group Company 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.