XTX Topco Ltd Buys Shares of 78,447 American Airlines Group Inc. (NASDAQ:AAL)

XTX Topco Ltd purchased a new position in American Airlines Group Inc. (NASDAQ:AAL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 78,447 shares of the airline’s stock, valued at approximately $1,367,000.

Several other hedge funds also recently made changes to their positions in the stock. CreativeOne Wealth LLC bought a new position in shares of American Airlines Group in the fourth quarter worth $243,000. Rockefeller Capital Management L.P. increased its stake in American Airlines Group by 3,191.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,070,132 shares of the airline’s stock worth $18,652,000 after acquiring an additional 1,037,617 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of American Airlines Group by 53.1% in the 4th quarter. Sterling Capital Management LLC now owns 36,762 shares of the airline’s stock valued at $641,000 after acquiring an additional 12,748 shares in the last quarter. Quinn Opportunity Partners LLC bought a new stake in shares of American Airlines Group during the 4th quarter valued at about $872,000. Finally, Kennedy Capital Management LLC purchased a new position in shares of American Airlines Group during the fourth quarter worth about $2,222,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group Price Performance

AAL stock opened at $9.58 on Tuesday. American Airlines Group Inc. has a 1-year low of $8.50 and a 1-year high of $19.10. The business has a 50-day moving average price of $12.71 and a 200 day moving average price of $14.37. The company has a market capitalization of $6.30 billion, a P/E ratio of 8.40, a PEG ratio of 0.21 and a beta of 1.17.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate 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%. On average, analysts anticipate that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AAL has been the subject of a number of research reports. Susquehanna cut their price target on shares of American Airlines Group from $18.00 to $10.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. The Goldman Sachs Group cut American Airlines Group from a “neutral” rating to a “sell” rating and reduced their target price for the company from $16.00 to $8.00 in a research note on Tuesday, April 8th. Redburn Atlantic raised American Airlines Group from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $18.00 to $24.00 in a research note on Wednesday, February 26th. Citigroup reduced their price objective on American Airlines Group from $21.50 to $20.00 and set a “buy” rating on the stock in a research report on Tuesday, March 18th. Finally, Melius Research raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $16.95.

Insiders Place Their Bets

In related news, SVP Angela Owens sold 51,906 shares of the 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 owns 112,412 shares in the company, valued at approximately $1,927,865.80. This represents a 31.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.49% of the company’s stock.

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.