321,264 Shares in American Airlines Group Inc. (NASDAQ:AAL) Purchased by Cinctive Capital Management LP

Cinctive Capital Management LP bought a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 321,264 shares of the airline’s stock, valued at approximately $5,600,000.

Other hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in American Airlines Group in the 4th quarter worth about $25,000. Brooklyn Investment Group increased its position in shares of American Airlines Group by 133.1% during the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after acquiring an additional 909 shares during the period. Bfsg LLC raised its stake in shares of American Airlines Group by 269.3% during the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock valued at $36,000 after acquiring an additional 1,500 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new position in American Airlines Group in the fourth quarter worth approximately $45,000. Finally, Quent Capital LLC increased its holdings in American Airlines Group by 70.2% during 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 during the period. Institutional investors own 52.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AAL shares. Scotiabank upgraded American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price target on the stock in a research note on Thursday, December 5th. Melius Research raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. TD Cowen boosted their price target on shares of American Airlines Group to $26.00 and gave the company a “buy” rating in a report on Thursday, March 13th. Melius upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Monday, January 6th. Finally, Redburn Atlantic raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $18.00 to $24.00 in a research note on Wednesday, February 26th. Eight equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned 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 $18.50.

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 shares were sold at an average price of $17.15, for a total transaction 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 position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.49% of the company’s stock.

American Airlines Group Stock Up 2.8 %

AAL stock opened at $10.59 on Thursday. The stock has a market capitalization of $6.96 billion, a PE ratio of 9.29, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27. American Airlines Group Inc. has a 52 week low of $9.07 and a 52 week high of $19.10. The firm has a 50 day moving average of $14.15 and a 200 day moving average of $14.46.

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 the consensus estimate 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, equities research analysts expect that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

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.