Harvest Fund Management Co. Ltd Purchases Shares of 2,563 American Airlines Group Inc. (NASDAQ:AAL)

Harvest Fund Management Co. Ltd acquired a new stake in American Airlines Group Inc. (NASDAQ:AAL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,563 shares of the airline’s stock, valued at approximately $45,000.

Other institutional investors have also recently modified their holdings of the company. Victory Capital Management Inc. raised its position in American Airlines Group by 7.3% during the 3rd quarter. Victory Capital Management Inc. now owns 112,939 shares of the airline’s stock worth $1,269,000 after buying an additional 7,642 shares during the last quarter. Oppenheimer & Co. Inc. purchased a new position in shares of American Airlines Group during the third quarter worth $122,000. KBC Group NV boosted its holdings in American Airlines Group by 55.8% in the third quarter. KBC Group NV now owns 6,152 shares of the airline’s stock valued at $69,000 after purchasing an additional 2,204 shares during the last quarter. Natixis Advisors LLC purchased a new stake in American Airlines Group in the third quarter valued at $365,000. Finally, Thrivent Financial for Lutherans grew its position in American Airlines Group by 482.8% during the 3rd quarter. Thrivent Financial for Lutherans now owns 154,281 shares of the airline’s stock worth $1,734,000 after purchasing an additional 127,809 shares during the period. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on AAL shares. Jefferies Financial Group upgraded American Airlines Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $12.00 to $20.00 in a research note on Monday, January 6th. Scotiabank raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Thursday, December 5th. 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. Sanford C. Bernstein upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and raised their price target for the company from $14.00 to $24.00 in a research report on Tuesday, December 10th. Finally, Citigroup decreased their price objective on shares of American Airlines Group from $21.50 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, March 18th. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, American Airlines Group presently has an average rating of “Moderate Buy” and an average target price of $19.30.

Insider Activity

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $17.21, for a total value of $1,763,009.61. Following the completion of the sale, the chief executive officer now directly owns 2,967,984 shares in the company, valued at $51,079,004.64. This represents a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction that occurred on Monday, January 27th. The stock was 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 directly owns 112,412 shares in the company, valued at $1,927,865.80. This represents a 31.59 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

American Airlines Group Trading Up 1.2 %

AAL stock opened at $11.39 on Monday. The firm has a 50 day simple moving average of $15.31 and a 200-day simple moving average of $14.48. The company has a market capitalization of $7.49 billion, a P/E ratio of 9.99, a PEG ratio of 0.21 and a beta of 1.27. American Airlines Group Inc. has a twelve month low of $9.07 and a twelve month high of $19.10.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, topping 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%. On average, research analysts predict 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.