12,600 Shares in American Airlines Group Inc. (NASDAQ:AAL) Purchased by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board acquired a new stake in American Airlines Group Inc. (NASDAQ:AAL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,600 shares of the airline’s stock, valued at approximately $220,000.

Several other institutional investors and hedge funds have also made changes to their positions in AAL. Golden State Wealth Management LLC acquired a new position in American Airlines Group in the 4th quarter valued at about $25,000. Brooklyn Investment Group lifted its holdings 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. Bfsg LLC grew its position in American Airlines Group by 269.3% in the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock worth $36,000 after acquiring an additional 1,500 shares during the period. Bernard Wealth Management Corp. acquired a new stake in American Airlines Group during the fourth quarter worth $42,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in American Airlines Group in the fourth quarter valued at $45,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AAL. Melius raised American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Monday, January 6th. Raymond James dropped their price target on shares of American Airlines Group from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday. Redburn Atlantic upgraded shares of 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 report on Wednesday, February 26th. Redburn Partners upgraded American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a research report on Wednesday, February 26th. Finally, UBS Group decreased their target price on American Airlines Group from $13.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.25.

American Airlines Group Stock Up 1.5 %

AAL stock opened at $9.75 on Friday. The business has a 50 day moving average price of $11.47 and a 200 day moving average price of $14.22. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 0.21 and a beta of 1.17. American Airlines Group Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $19.10.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.10. The business had revenue of $12.55 billion during the quarter, compared to the consensus estimate of $12.71 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. As a group, sell-side analysts anticipate that American Airlines Group Inc. will post 2.42 EPS for the current year.

Insider Transactions at American Airlines Group

In other news, SVP Angela Owens sold 51,906 shares of the 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 of the company’s stock, valued at approximately $1,927,865.80. This represents a 31.59 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.49% of the company’s stock.

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.