Handelsbanken Fonder AB Buys 30,000 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Handelsbanken Fonder AB increased its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 22.3% in the 4th quarter, HoldingsChannel reports. The firm owned 164,700 shares of the airline’s stock after acquiring an additional 30,000 shares during the quarter. Handelsbanken Fonder AB’s holdings in American Airlines Group were worth $2,871,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of American Airlines Group in the 4th quarter valued at approximately $25,000. Brooklyn Investment Group increased its stake in American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after acquiring an additional 909 shares during the last quarter. Blue Trust Inc. raised its position in American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after purchasing an additional 911 shares in the last quarter. Bfsg LLC lifted its stake in American Airlines Group by 269.3% during the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock worth $36,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Quent Capital LLC boosted its holdings in shares of American Airlines Group by 70.2% in the 4th quarter. Quent Capital LLC now owns 3,064 shares of the airline’s stock valued at $53,000 after purchasing an additional 1,264 shares in the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Trading Up 0.5 %

Shares of AAL opened at $15.31 on Tuesday. The company has a market capitalization of $10.07 billion, a PE ratio of 13.43, a PEG ratio of 0.22 and a beta of 1.35. The stock’s 50-day moving average price is $17.09 and its two-hundred day moving average price is $14.16. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $19.10.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, topping analysts’ consensus estimates 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%. Equities research analysts predict that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

Insider Activity

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of American Airlines Group 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 directly owns 112,412 shares in the company, valued at approximately $1,927,865.80. The trade was a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $17.21, for a total value of $1,763,009.61. Following the completion of 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. Insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on AAL shares. Melius Research raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Morgan Stanley boosted their target price 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. Citigroup raised their price target on shares of American Airlines Group from $19.00 to $23.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Bank of America upgraded shares of American Airlines Group from an “underperform” rating to a “neutral” rating and upped their price objective for the stock from $12.00 to $20.00 in a research report on Friday, January 17th. Finally, TD Cowen raised shares of American Airlines Group from a “hold” rating to a “buy” rating and increased their price objective for the company from $17.00 to $25.00 in a research note on Monday, January 6th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.88.

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.