American Airlines Group Inc. (NASDAQ:AAL) Shares Bought by Primecap Management Co. CA

Primecap Management Co. CA grew its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 60,225,707 shares of the airline’s stock after acquiring an additional 2,886,041 shares during the quarter. Primecap Management Co. CA owned about 0.09% of American Airlines Group worth $1,049,734,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC acquired a new stake in American Airlines Group during the fourth quarter worth about $25,000. Brooklyn Investment Group boosted its position in shares of American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after buying an additional 909 shares during the period. Bfsg LLC boosted its position in shares of American Airlines Group by 269.3% in the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock worth $36,000 after buying an additional 1,500 shares during the period. Quent Capital LLC boosted its position 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 buying an additional 1,264 shares during the period. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of American Airlines Group in the third quarter worth about $55,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AAL has been the subject of several analyst reports. Morgan Stanley upped their target price on American Airlines Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Barclays reduced their target price on American Airlines Group from $18.00 to $16.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 12th. JPMorgan Chase & Co. dropped their price target on American Airlines Group from $30.00 to $26.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. UBS Group upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Scotiabank raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Thursday, December 5th. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, American Airlines Group has an average rating of “Moderate Buy” and a consensus price target of $19.37.

Insider Activity

In related news, SVP Angela Owens sold 51,906 shares of American Airlines Group 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 transaction, the senior vice president now directly owns 112,412 shares of the company’s stock, 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 legal filing with the SEC, which is available through this link. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction that occurred on 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 in the company, 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. 0.49% of the stock is owned by company insiders.

American Airlines Group Stock Up 4.1 %

Shares of AAL stock opened at $11.32 on Tuesday. American Airlines Group Inc. has a 12-month low of $9.07 and a 12-month high of $19.10. The firm has a 50 day moving average price of $15.83 and a two-hundred day moving average price of $14.46. The company has a market capitalization of $7.44 billion, a PE ratio of 9.93, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share 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, research analysts expect that American Airlines Group Inc. will post 2.42 EPS for the current 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.