Signaturefd LLC Increases Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Signaturefd LLC increased its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 41.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,259 shares of the airline’s stock after purchasing an additional 3,021 shares during the period. Signaturefd LLC’s holdings in American Airlines Group were worth $179,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Principal Financial Group Inc. boosted its position in American Airlines Group by 69.5% during the 4th quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline’s stock worth $44,892,000 after purchasing an additional 1,055,667 shares during the period. Toronto Dominion Bank lifted its holdings in American Airlines Group by 379.6% in the 3rd quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock worth $18,743,000 after buying an additional 1,319,859 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in American Airlines Group in the 4th quarter worth $26,033,000. Point72 DIFC Ltd acquired a new position in American Airlines Group in the 3rd quarter worth $16,490,000. Finally, Hosking Partners LLP lifted its holdings in American Airlines Group by 51.5% in the 4th quarter. Hosking Partners LLP now owns 1,326,755 shares of the airline’s stock worth $23,125,000 after buying an additional 450,727 shares in the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.

American Airlines Group Stock Up 1.2 %

Shares of NASDAQ:AAL opened at $11.39 on Friday. American Airlines Group Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $19.10. The company has a market cap of $7.49 billion, a PE ratio of 9.99, a P/E/G ratio of 0.21 and a beta of 1.27. The firm has a 50-day simple moving average of $15.31 and a 200 day simple moving average of $14.46.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, topping the consensus estimate 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 forecast that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

AAL has been the topic of a number of recent analyst reports. Susquehanna cut their price objective on shares of American Airlines Group from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Morgan Stanley boosted their price objective 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. Redburn Atlantic upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $18.00 to $24.00 in a report on Wednesday, February 26th. Jefferies Financial Group upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $12.00 to $20.00 in a report on Monday, January 6th. Finally, Melius Research upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.30.

Insiders Place Their Bets

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $17.21, for a total value 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Angela Owens sold 51,906 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the completion of the transaction, the senior vice president now 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 disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

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.