SBI Securities Co. Ltd. Acquires New Holdings in American Airlines Group Inc. (NASDAQ:AAL)

SBI Securities Co. Ltd. bought a new position in shares of American Airlines Group Inc. (NASDAQ:AAL) during the fourth quarter, Holdings Channel reports. The fund bought 58,862 shares of the airline’s stock, valued at approximately $1,026,000.

A number of other institutional investors have also recently added to or reduced their stakes in AAL. Golden State Wealth Management LLC acquired a new stake in shares of American Airlines Group in the fourth quarter valued at about $25,000. Brooklyn Investment Group boosted its holdings in American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after acquiring an additional 909 shares during the last quarter. Bfsg LLC increased its position in American Airlines Group by 269.3% during the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock valued at $36,000 after purchasing an additional 1,500 shares during the period. Quent Capital LLC raised its holdings in American Airlines Group by 70.2% during the 4th quarter. Quent Capital LLC now owns 3,064 shares of the airline’s stock worth $53,000 after purchasing an additional 1,264 shares during the last quarter. Finally, Principal Securities Inc. lifted its position in shares of American Airlines Group by 139.6% in the 4th quarter. Principal Securities Inc. now owns 3,261 shares of the airline’s stock worth $57,000 after purchasing an additional 1,900 shares during the period. 52.44% of the stock is owned by institutional investors.

American Airlines Group Stock Performance

Shares of AAL opened at $13.87 on Tuesday. The firm has a market capitalization of $9.12 billion, a P/E ratio of 12.17, a P/E/G ratio of 0.21 and a beta of 1.35. American Airlines Group Inc. has a 52 week low of $9.07 and a 52 week high of $19.10. The stock has a 50 day moving average price of $16.87 and a two-hundred day moving average price of $14.33.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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 year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AAL shares. Sanford C. Bernstein upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $14.00 to $24.00 in a research report on Tuesday, December 10th. StockNews.com raised American Airlines Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 29th. Barclays upped their target price on American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $15.00 target price on shares of American Airlines Group in a report on Friday, November 15th. Finally, Redburn Atlantic upgraded American Airlines Group from a “neutral” rating to a “buy” rating and increased their price target for the stock from $18.00 to $24.00 in a report on Wednesday, February 26th. Six equities research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.70.

Insider Transactions at American Airlines Group

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction on Friday, December 27th. The stock was sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the sale, the chief executive officer now directly owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. This trade represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction 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 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 position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

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.