252,980 Shares in American Airlines Group Inc. (NASDAQ:AAL) Acquired by Zacks Investment Management

Zacks Investment Management purchased a new position in shares of American Airlines Group Inc. (NASDAQ:AAL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 252,980 shares of the airline’s stock, valued at approximately $4,409,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in AAL. Vanguard Group Inc. lifted its position in shares of American Airlines Group by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 62,985,524 shares of the airline’s stock valued at $1,097,838,000 after buying an additional 953,766 shares during the last quarter. Primecap Management Co. CA increased its position in shares of American Airlines Group by 5.0% during the fourth 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. Principal Financial Group Inc. boosted its position in shares of 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 purchasing an additional 1,055,667 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in American Airlines Group during the 4th quarter valued at about $40,333,000. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of American Airlines Group during the fourth quarter worth about $26,033,000. 52.44% of the stock is currently owned by institutional investors.

Insider Transactions at American Airlines Group

In related news, 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 sale, the senior vice president now 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on AAL. The Goldman Sachs Group downgraded shares of American Airlines Group from a “neutral” rating to a “sell” rating and dropped their target price for the stock from $16.00 to $8.00 in a research report on Tuesday, April 8th. TD Cowen boosted their price target on American Airlines Group to $26.00 and gave the company a “buy” rating in a research note on Thursday, March 13th. Redburn Partners raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a report on Wednesday, February 26th. Redburn Atlantic raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.00 to $24.00 in a research report on Wednesday, February 26th. Finally, Susquehanna reduced their target price on shares of American Airlines Group from $18.00 to $10.00 and set a “neutral” rating for the company in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, American Airlines Group has a consensus rating of “Moderate Buy” and an average target price of $16.95.

American Airlines Group Stock Up 0.4 %

AAL opened at $9.46 on Friday. The company has a 50-day moving average price of $12.26 and a 200 day moving average price of $14.29. American Airlines Group Inc. has a twelve month low of $8.50 and a twelve month high of $19.10. The company has a market cap of $6.22 billion, a PE ratio of 8.30, a price-to-earnings-growth ratio of 0.21 and a beta of 1.17.

American Airlines Group (NASDAQ:AAL) last issued 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 negative return on equity of 28.56% and a net margin of 1.56%. As a group, sell-side analysts expect that American Airlines Group Inc. will post 2.42 earnings per share 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.