Teachers Retirement System of The State of Kentucky Boosts Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Teachers Retirement System of The State of Kentucky grew its position in American Airlines Group Inc. (NASDAQ:AAL) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 146,455 shares of the airline’s stock after acquiring an additional 6,200 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in American Airlines Group were worth $2,552,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in AAL. Zacks Investment Management acquired a new stake in shares of American Airlines Group in the fourth quarter valued at approximately $4,409,000. Raymond James Financial Inc. acquired a new stake in shares of American Airlines Group during the 4th quarter worth approximately $3,858,000. Decker Retirement Planning Inc. purchased a new stake in shares of American Airlines Group during the 4th quarter valued at approximately $9,482,000. Amundi grew its position in American Airlines Group by 31,647.8% in the fourth quarter. Amundi now owns 426,691 shares of the airline’s stock worth $7,510,000 after acquiring an additional 425,347 shares during the period. Finally, Contravisory Investment Management Inc. acquired a new stake in American Airlines Group during the fourth quarter worth $689,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Melius raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Monday, January 6th. Redburn Atlantic upgraded American Airlines Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.00 to $24.00 in a research report on Wednesday, February 26th. Citigroup cut their price objective on American Airlines Group from $21.50 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Redburn Partners raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research report on Wednesday, February 26th. Finally, UBS Group reduced their price target on shares of American Airlines Group from $13.00 to $9.00 and set a “neutral” rating on the stock in a research report on Monday, April 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eleven have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $16.95.

American Airlines Group Stock Up 3.1 %

AAL stock opened at $9.61 on Friday. The stock has a market cap of $6.32 billion, a price-to-earnings ratio of 8.43, 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. The business has a 50 day moving average price of $11.59 and a 200 day moving average price of $14.23.

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, missing the consensus estimate of ($0.50) by ($0.09). American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. 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.

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.