SBI Securities Co. Ltd. Takes $1.03 Million Position in American Airlines Group Inc. (NASDAQ:AAL)

SBI Securities Co. Ltd. purchased a new position in shares of 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 58,862 shares of the airline’s stock, valued at approximately $1,026,000.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Golden State Wealth Management LLC bought a new position in American Airlines Group in the fourth quarter valued at about $25,000. Brooklyn Investment Group grew its holdings in American Airlines Group by 133.1% during the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after purchasing an additional 909 shares during the period. Bfsg LLC increased its position in shares of American Airlines Group by 269.3% in the 4th 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 increased its holdings 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 worth $53,000 after acquiring an additional 1,264 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in American Airlines Group during the 3rd quarter worth approximately $55,000. Institutional investors own 52.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on AAL shares. Bank of America upgraded American Airlines Group from an “underperform” rating to a “neutral” rating and increased their target price for the stock from $12.00 to $20.00 in a report on Friday, January 17th. UBS Group upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Barclays increased their price target on American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. Citigroup lifted their price objective on shares of American Airlines Group from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, StockNews.com upgraded American Airlines Group from a “hold” rating to a “buy” rating in a research note on Wednesday, January 29th. Six analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.70.

Insider Activity

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were 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 in the company, valued at $1,927,865.80. This trade represents a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction on 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 transaction, the chief executive officer now owns 2,967,984 shares of the company’s stock, valued at $51,079,004.64. This trade represents a 3.34 % 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 Stock Down 3.3 %

AAL opened at $13.87 on Tuesday. The stock has a market capitalization of $9.12 billion, a price-to-earnings ratio of 12.17, a P/E/G ratio of 0.21 and a beta of 1.35. American Airlines Group Inc. has a twelve month low of $9.07 and a twelve month high of $19.10. The company has a 50-day simple moving average of $16.87 and a 200 day simple moving average of $14.33.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (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%. Sell-side analysts anticipate that American Airlines Group Inc. will post 2.42 EPS for the current fiscal 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.