Strathmore Capital Advisors Inc. Invests $351,000 in American Airlines Group Inc. (NASDAQ:AAL)

Strathmore Capital Advisors Inc. acquired a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 20,128 shares of the airline’s stock, valued at approximately $351,000. American Airlines Group accounts for approximately 0.3% of Strathmore Capital Advisors Inc.’s investment portfolio, making the stock its 28th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in the stock. Blue Trust Inc. increased its holdings in shares of American Airlines Group by 56.2% in the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after purchasing an additional 911 shares during the period. Sentry Investment Management LLC purchased a new stake in shares of American Airlines Group in the 2nd quarter valued at about $36,000. Point72 Hong Kong Ltd bought a new stake in shares of American Airlines Group during the 3rd quarter valued at about $55,000. KBC Group NV grew its holdings in shares of American Airlines Group by 55.8% during the third quarter. KBC Group NV now owns 6,152 shares of the airline’s stock worth $69,000 after purchasing an additional 2,204 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of American Airlines Group by 44.3% in the third quarter. GAMMA Investing LLC now owns 9,932 shares of the airline’s stock worth $112,000 after purchasing an additional 3,047 shares during the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the completion of the transaction, the chief executive officer now directly 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.49% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on AAL shares. Bank of America boosted their price target on shares of American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a research note on Friday, October 25th. Barclays upped their target price on shares of American Airlines Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Melius Research upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Monday. Citigroup increased their price objective on 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, UBS Group upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. 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 issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $18.10.

American Airlines Group Stock Up 0.4 %

Shares of AAL traded up $0.07 during mid-day trading on Tuesday, hitting $17.59. 18,851,494 shares of the company’s stock traded hands, compared to its average volume of 23,147,789. The firm has a market capitalization of $11.56 billion, a P/E ratio of 53.30, a PEG ratio of 0.29 and a beta of 1.35. The business’s 50-day moving average price is $15.54 and its 200-day moving average price is $12.58. American Airlines Group Inc. has a 1 year low of $9.07 and a 1 year high of $18.20.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, topping the consensus estimate of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The business had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.50 billion. During the same period in the prior year, the business earned $0.38 EPS. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. Sell-side analysts anticipate that American Airlines Group Inc. will post 1.62 earnings per share for the current fiscal year.

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.