HUB Investment Partners LLC Invests $213,000 in American Airlines Group Inc. (NASDAQ:AAL)

HUB Investment Partners LLC acquired a new position in American Airlines Group Inc. (NASDAQ:AAL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,204 shares of the airline’s stock, valued at approximately $213,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of AAL. Primecap Management Co. CA increased its stake 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 purchasing an additional 2,886,041 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in American Airlines Group in the 4th quarter worth $26,033,000. Point72 DIFC Ltd purchased a new stake in American Airlines Group in the 3rd quarter worth $16,490,000. Toronto Dominion Bank increased its stake in American Airlines Group by 379.6% in the 3rd quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock worth $18,743,000 after buying an additional 1,319,859 shares in the last quarter. Finally, Principal Financial Group Inc. increased its stake in 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 buying an additional 1,055,667 shares in the last quarter. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AAL has been the subject of a number of analyst reports. UBS Group upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Morgan Stanley increased their price target on American Airlines Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Seaport Res Ptn upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Evercore ISI increased their price target on American Airlines Group to $18.00 and gave the stock a “hold” rating in a research note on Thursday, January 9th. Finally, Jefferies Financial Group raised shares of American Airlines Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $12.00 to $20.00 in a report on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $19.30.

Insiders Place Their Bets

In other news, SVP Angela Owens sold 51,906 shares of the firm’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 transaction of $890,187.90. Following the transaction, the senior vice president now directly owns 112,412 shares of the company’s stock, valued at approximately $1,927,865.80. This trade represents a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm’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 transaction, the chief executive officer now directly owns 2,967,984 shares in the company, 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 Trading Up 1.2 %

Shares of NASDAQ:AAL opened at $11.39 on Friday. The company has a market cap of $7.49 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 0.21 and a beta of 1.27. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $19.10. The company has a 50-day moving average price of $15.31 and a 200 day moving average price of $14.46.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share (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 forecast that American Airlines Group Inc. will post 2.42 EPS for the current year.

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.