Trexquant Investment LP Invests $14.89 Million in American Airlines Group Inc. (NASDAQ:AAL)

Trexquant Investment LP purchased a new stake in American Airlines Group Inc. (NASDAQ:AAL) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 854,395 shares of the airline’s stock, valued at approximately $14,892,000. Trexquant Investment LP owned approximately 0.13% of American Airlines Group as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Avantax Advisory Services Inc. lifted its stake in shares of American Airlines Group by 4.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 14,751 shares of the airline’s stock valued at $257,000 after acquiring an additional 635 shares during the last quarter. Oregon Public Employees Retirement Fund raised its position in American Airlines Group by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 133,774 shares of the airline’s stock valued at $2,332,000 after purchasing an additional 774 shares during the last quarter. M&T Bank Corp boosted its stake in shares of American Airlines Group by 2.4% during the fourth quarter. M&T Bank Corp now owns 34,525 shares of the airline’s stock valued at $602,000 after purchasing an additional 794 shares in the last quarter. Brooklyn Investment Group grew its holdings in shares of American Airlines Group by 133.1% during the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after purchasing an additional 909 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in shares of American Airlines Group by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 19,987 shares of the airline’s stock valued at $348,000 after buying an additional 981 shares during the period. 52.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on AAL shares. Citigroup reduced their target price on shares of American Airlines Group from $21.50 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Morgan Stanley increased their price objective on American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Melius Research upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. JPMorgan Chase & Co. lowered their price objective on American Airlines Group from $30.00 to $26.00 and set an “overweight” rating for the company in a research report on Monday, March 3rd. Finally, 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. Eight analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.90.

Insider Buying and Selling at American Airlines Group

In related news, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.15, for a total value of $890,187.90. Following the sale, the senior vice president now owns 112,412 shares in the company, valued at $1,927,865.80. This represents a 31.59 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.49% of the company’s stock.

American Airlines Group Stock Performance

Shares of NASDAQ:AAL opened at $10.30 on Wednesday. American Airlines Group Inc. has a 52-week low of $9.07 and a 52-week high of $19.10. The business’s 50 day simple moving average is $14.31 and its two-hundred day simple moving average is $14.49. The firm has a market cap of $6.77 billion, a P/E ratio of 9.04, a PEG ratio of 0.21 and a beta of 1.27.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. On average, equities analysts forecast that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

About American Airlines Group

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.