Commonwealth Equity Services LLC Has $6.59 Million Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Commonwealth Equity Services LLC raised its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 8.3% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 378,277 shares of the airline’s stock after purchasing an additional 29,045 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.06% of American Airlines Group worth $6,593,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in AAL. Victory Capital Management Inc. lifted its holdings in American Airlines Group by 7.3% during the 3rd quarter. Victory Capital Management Inc. now owns 112,939 shares of the airline’s stock valued at $1,269,000 after purchasing an additional 7,642 shares during the last quarter. Oppenheimer & Co. Inc. acquired a new stake in American Airlines Group during the 3rd quarter valued at $122,000. KBC Group NV lifted its holdings in American Airlines Group by 55.8% during the 3rd quarter. KBC Group NV now owns 6,152 shares of the airline’s stock valued at $69,000 after purchasing an additional 2,204 shares during the last quarter. Natixis Advisors LLC acquired a new stake in American Airlines Group during the 3rd quarter valued at $365,000. Finally, Mutual of America Capital Management LLC lifted its holdings in shares of American Airlines Group by 328.8% during the third quarter. Mutual of America Capital Management LLC now owns 354,915 shares of the airline’s stock worth $3,989,000 after buying an additional 272,143 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Up 1.2 %

American Airlines Group stock opened at $11.39 on Friday. American Airlines Group Inc. has a 12-month low of $9.07 and a 12-month high of $19.10. The business’s 50-day moving average price is $15.31 and its two-hundred day moving average price is $14.43. The stock has a market cap of $7.49 billion, a PE ratio of 9.99, a P/E/G ratio of 0.21 and a beta of 1.27.

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

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. Citigroup dropped their target price on American Airlines Group from $21.50 to $20.00 and set a “buy” rating for the company in a report on Tuesday. Raymond James reissued an “outperform” rating and set a $23.00 target price (down previously from $24.00) on shares of American Airlines Group in a report on Friday, January 24th. Seaport Res Ptn raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Susquehanna dropped their target price on American Airlines Group from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Tuesday, February 4th. Finally, Evercore ISI lifted their target price on American Airlines Group to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 9th. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $19.30.

Insider Activity

In related 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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction that occurred on Friday, December 27th. The stock was 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 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.

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.