Zurcher Kantonalbank Zurich Cantonalbank Grows Position in American Airlines Group Inc. (NASDAQ:AAL)

Zurcher Kantonalbank Zurich Cantonalbank raised its position in American Airlines Group Inc. (NASDAQ:AAL) by 26.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 165,528 shares of the airline’s stock after purchasing an additional 34,670 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in American Airlines Group were worth $2,885,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AAL. Golden State Wealth Management LLC acquired a new stake in shares of American Airlines Group in the fourth quarter valued at about $25,000. Brooklyn Investment Group grew its stake in shares of 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 buying an additional 909 shares in the last quarter. Bfsg LLC grew its stake in shares of American Airlines Group by 269.3% in the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock valued at $36,000 after buying an additional 1,500 shares in the last quarter. Quent Capital LLC grew its stake in shares of American Airlines Group by 70.2% in the fourth quarter. Quent Capital LLC now owns 3,064 shares of the airline’s stock valued at $53,000 after buying an additional 1,264 shares in the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in American Airlines Group during the 3rd quarter valued at approximately $55,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

Insider Buying and Selling at American Airlines Group

In other news, SVP Angela Owens sold 51,906 shares of the business’s stock in a transaction 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 sale, the senior vice president now owns 112,412 shares of the company’s stock, valued at approximately $1,927,865.80. The trade was a 31.59 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 2,967,984 shares in the company, valued at $51,079,004.64. This represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

American Airlines Group Trading Up 1.9 %

Shares of NASDAQ AAL opened at $10.87 on Friday. The company has a market cap of $7.15 billion, a price-to-earnings ratio of 9.54, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27. American Airlines Group Inc. has a 12-month low of $9.07 and a 12-month high of $19.10. The stock’s 50 day simple moving average is $15.95 and its 200 day simple moving average is $14.43.

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

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Seaport Res Ptn upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Barclays lowered their price objective on American Airlines Group from $18.00 to $16.00 and set an “equal weight” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. lowered their price objective on American Airlines Group from $30.00 to $26.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Citigroup restated a “buy” rating on shares of American Airlines Group in a research note on Wednesday. Finally, Redburn Partners upgraded American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Wednesday, February 26th. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $19.37.

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.