19,060 Shares in American Airlines Group Inc. (NASDAQ:AAL) Acquired by Counterpoint Mutual Funds LLC

Counterpoint Mutual Funds LLC purchased a new position in American Airlines Group Inc. (NASDAQ:AAL) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 19,060 shares of the airline’s stock, valued at approximately $332,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in American Airlines Group in the 4th quarter worth approximately $25,000. Brooklyn Investment Group boosted its position in American Airlines Group by 133.1% in the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after purchasing an additional 909 shares in the last quarter. Bfsg LLC boosted its position in American Airlines Group by 269.3% in the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock worth $36,000 after purchasing an additional 1,500 shares in the last quarter. Quent Capital LLC boosted its position in American Airlines Group by 70.2% in the 4th quarter. Quent Capital LLC now owns 3,064 shares of the airline’s stock worth $53,000 after purchasing an additional 1,264 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in American Airlines Group in the 3rd quarter worth approximately $55,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Up 4.1 %

Shares of AAL opened at $11.32 on Tuesday. American Airlines Group Inc. has a 52-week low of $9.07 and a 52-week high of $19.10. The company has a market capitalization of $7.44 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27. The stock has a fifty day simple moving average of $15.83 and a two-hundred day simple moving average of $14.46.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (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%. As a group, equities analysts anticipate that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Seaport Res Ptn upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Redburn Atlantic upgraded American Airlines Group from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $18.00 to $24.00 in a research report on Wednesday, February 26th. Melius upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Monday, January 6th. Raymond James reiterated an “outperform” rating and set a $23.00 target price (down previously from $24.00) on shares of American Airlines Group in a research report on Friday, January 24th. Finally, TD Cowen increased their target price on American Airlines Group to $26.00 and gave the company a “buy” rating in a research report on Thursday, March 13th. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat.com, American Airlines Group has an average rating of “Moderate Buy” and an average price target of $19.37.

Insiders Place Their Bets

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. This trade represents a 3.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Angela Owens sold 51,906 shares of the firm’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the sale, the senior vice president now directly owns 112,412 shares of the company’s stock, valued at $1,927,865.80. The trade was a 31.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 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.