WINTON GROUP Ltd Buys New Stake in American Airlines Group Inc. (NASDAQ:AAL)

WINTON GROUP Ltd acquired a new stake in American Airlines Group Inc. (NASDAQ:AAL) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 99,837 shares of the airline’s stock, valued at approximately $1,740,000.

A number of other large investors have also modified their holdings of the company. Centiva Capital LP lifted its position in shares of American Airlines Group by 199.9% during the 3rd quarter. Centiva Capital LP now owns 149,304 shares of the airline’s stock valued at $1,678,000 after buying an additional 99,513 shares in the last quarter. Decker Retirement Planning Inc. purchased a new position in American Airlines Group during the fourth quarter valued at $9,482,000. Amundi grew its position in shares of American Airlines Group by 31,647.8% in the fourth quarter. Amundi now owns 426,691 shares of the airline’s stock valued at $7,510,000 after purchasing an additional 425,347 shares during the period. MetLife Investment Management LLC increased its stake in shares of American Airlines Group by 92.8% during the third quarter. MetLife Investment Management LLC now owns 341,525 shares of the airline’s stock worth $3,839,000 after purchasing an additional 164,376 shares in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new position in shares of American Airlines Group during the 4th quarter worth about $689,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

Insiders Place Their Bets

In other news, SVP Angela Owens sold 51,906 shares of the stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction 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. This represents a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AAL has been the subject of several research reports. Morgan Stanley boosted their price objective on American Airlines Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. UBS Group upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Seaport Res Ptn upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Redburn Atlantic raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and upped their target price for the stock from $18.00 to $24.00 in a report on Wednesday, February 26th. Finally, Jefferies Financial Group raised shares of American Airlines Group from a “hold” rating to a “buy” rating and raised their price target for the stock from $12.00 to $20.00 in a research note on Monday, January 6th. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and three 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 price target of $19.30.

American Airlines Group Trading Down 2.6 %

Shares of NASDAQ:AAL opened at $11.14 on Friday. The company has a market capitalization of $7.33 billion, a price-to-earnings ratio of 9.77, a PEG 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 business has a 50-day moving average price of $14.78 and a 200 day moving average price of $14.45.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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%. As a group, equities research analysts predict that American Airlines Group Inc. will post 2.42 earnings per share 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.