19 hours Ago By ABMN Staff
KLP Kapitalforvaltning AS purchased a new stake in American Airlines Group Inc. ( NASDAQ:AAL – Free Report ) in the 4th quarter, Holdings Channel.com reports.
The institutional investor purchased 34,900 shares of the airline’s stock, valued at approximately $608,000. Several other institutional investors have also modified their holdings of the business. 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. lifted its holdings 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 valued at $44,892,000 after buying an additional 1,055,667 shares during the period.
Toronto Dominion Bank grew its holdings in American Airlines Group by 379.6% during the third quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock worth $18,743,000 after acquiring an additional 1,319,859 shares during the period.
Assenagon Asset Management S.A. acquired a new stake in American Airlines Group in the fourth quarter valued at $26,033,000.
Finally, Point72 DIFC Ltd purchased a new stake in shares of American Airlines Group during the 3rd quarter worth $16,490,000. Institutional investors and hedge funds own 52.44% of the company’s stock.
Wall Street Analyst Weigh In A number of brokerages have issued reports on AAL. Raymond James dropped their target price on shares of American Airlines Group from $23.00 to $15.
00 and set an “outperform” rating for the company in a report on Wednesday. Evercore ISI upped their price objective on American Airlines Group to $18.00 and gave the company a “hold” rating in a research report on Thursday, January 9th.
UBS Group raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Melius upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Monday, January 6th.
Finally, Sanford C. Bernstein upgraded American Airlines Group from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $14.00 to $24.
00 in a report on Tuesday, December 10th. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.
com, American Airlines Group presently has a consensus rating of “Moderate Buy” and an average target price of $18.50. American Airlines Group Trading Up 2.
8 % Shares of AAL stock opened at $10.59 on Thursday. American Airlines Group Inc.
has a 1-year low of $9.07 and a 1-year high of $19.10.
The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 9.29, a P/E/G ratio of 0.
21 and a beta of 1.27. The stock’s fifty day simple moving average is $14.
15 and its 200-day simple moving average is $14.46. American Airlines Group ( NASDAQ:AAL – Get Free Report ) last posted its quarterly earnings results on Thursday, January 23rd.
The airline reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates 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%. On average, sell-side analysts predict that American Airlines Group Inc. will post 2.
42 EPS for the current year. Insiders Place Their Bets In other news, SVP Angela Owens sold 51,906 shares of American Airlines Group 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 of the company’s stock, valued at $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 SEC, which can be accessed through this hyperlink . Insiders own 0.49% of the company’s stock.
American Airlines Group Profile ( Free Report ) 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. Further Reading Want to see what other hedge funds are holding AAL? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for American Airlines Group Inc. ( NASDAQ:AAL – Free Report ). Receive News & Ratings for American Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group and related companies with MarketBeat.
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