Strathmore Capital Advisors Inc. Takes Position in American Airlines Group Inc. (NASDAQ:AAL)

Strathmore Capital Advisors Inc. acquired a new stake in American Airlines Group Inc. (NASDAQ:AAL) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 20,128 shares of the airline’s stock, valued at approximately $351,000. American Airlines Group makes up about 0.3% of Strathmore Capital Advisors Inc.’s holdings, making the stock its 28th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Van ECK Associates Corp increased its holdings in shares of American Airlines Group by 15.5% during the second quarter. Van ECK Associates Corp now owns 27,908 shares of the airline’s stock worth $316,000 after buying an additional 3,749 shares in the last quarter. TD Asset Management Inc raised its position in American Airlines Group by 149.8% in the second quarter. TD Asset Management Inc now owns 315,006 shares of the airline’s stock valued at $3,569,000 after purchasing an additional 188,900 shares during the last quarter. National Bank of Canada FI boosted its stake in shares of American Airlines Group by 30.9% during the second quarter. National Bank of Canada FI now owns 297,756 shares of the airline’s stock valued at $3,287,000 after purchasing an additional 70,269 shares in the last quarter. Norden Group LLC grew its holdings in shares of American Airlines Group by 113.8% during the second quarter. Norden Group LLC now owns 24,573 shares of the airline’s stock worth $278,000 after purchasing an additional 13,079 shares during the last quarter. Finally, Caprock Group LLC acquired a new position in shares of American Airlines Group in the second quarter valued at approximately $145,000. Institutional investors own 52.44% of the company’s stock.

Insider Activity at American Airlines Group

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group 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 sale, the chief executive officer now directly owns 2,967,984 shares in the company, valued at $51,079,004.64. The trade was a 3.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.49% of the stock is owned by insiders.

American Airlines Group Stock Up 0.4 %

AAL stock traded up $0.07 during midday trading on Tuesday, reaching $17.59. 18,851,494 shares of the company’s stock traded hands, compared to its average volume of 23,147,789. American Airlines Group Inc. has a 52 week low of $9.07 and a 52 week high of $18.20. The company has a market cap of $11.56 billion, a price-to-earnings ratio of 53.30, a P/E/G ratio of 0.29 and a beta of 1.35. The firm’s fifty day moving average price is $15.54 and its 200-day moving average price is $12.58.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.16 by $0.14. The company had revenue of $13.65 billion for the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The firm’s revenue was up 1.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.38 EPS. Analysts forecast that American Airlines Group Inc. will post 1.62 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on AAL shares. The Goldman Sachs Group reissued a “neutral” rating and issued a $15.00 price objective on shares of American Airlines Group in a research note on Friday, November 15th. Bank of America upped their price target on American Airlines Group from $9.00 to $10.00 and gave the company an “underperform” rating in a research report on Friday, October 25th. Susquehanna raised their price objective on American Airlines Group from $14.00 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday. Barclays upped their target price on American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a report on Friday, December 6th. Finally, Morgan Stanley raised their price target on shares of American Airlines Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, six have given a hold rating, eleven 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 an average rating of “Moderate Buy” and a consensus target price of $18.10.

American Airlines Group Company 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.