Nisa Investment Advisors LLC boosted its stake in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 14.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 68,907 shares of the airline’s stock after buying an additional 8,555 shares during the period. Nisa Investment Advisors LLC’s holdings in American Airlines Group were worth $1,016,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently bought and sold shares of AAL. The Manufacturers Life Insurance Company increased its holdings in shares of American Airlines Group by 502.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 2,986,179 shares of the airline’s stock valued at $54,498,000 after purchasing an additional 2,490,121 shares during the period. Renaissance Technologies LLC acquired a new position in American Airlines Group in the first quarter worth approximately $44,800,000. SG Americas Securities LLC increased its holdings in American Airlines Group by 103.3% in the first quarter. SG Americas Securities LLC now owns 78,020 shares of the airline’s stock worth $1,151,000 after buying an additional 2,426,028 shares during the last quarter. Two Sigma Advisers LP increased its holdings in American Airlines Group by 21.0% in the fourth quarter. Two Sigma Advisers LP now owns 10,655,200 shares of the airline’s stock worth $135,534,000 after buying an additional 1,852,000 shares during the last quarter. Finally, Norges Bank acquired a new position in American Airlines Group in the fourth quarter worth approximately $22,039,000. Institutional investors and hedge funds own 57.06% of the company’s stock.
Insiders Place Their Bets
In other American Airlines Group news, SVP Angela Owens sold 21,984 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $13.79, for a total transaction of $303,159.36. Following the completion of the transaction, the senior vice president now directly owns 59,830 shares in the company, valued at $825,055.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Douglas M. Steenland sold 2,000 shares of the firm’s stock in a transaction on Friday, May 12th. The stock was sold at an average price of $13.88, for a total value of $27,760.00. Following the completion of the sale, the director now directly owns 31,686 shares in the company, valued at $439,801.68. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Angela Owens sold 21,984 shares of the firm’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $13.79, for a total value of $303,159.36. Following the completion of the sale, the senior vice president now owns 59,830 shares of the company’s stock, valued at $825,055.70. The disclosure for this sale can be found here. Insiders sold 25,934 shares of company stock worth $358,414 over the last three months. 0.78% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on the company. Barclays increased their price objective on American Airlines Group from $15.00 to $18.00 and gave the stock an “underweight” rating in a report on Thursday, July 13th. The Goldman Sachs Group upped their target price on American Airlines Group from $14.00 to $15.00 in a research report on Wednesday, May 31st. Susquehanna decreased their target price on American Airlines Group from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, July 21st. Bank of America upped their target price on American Airlines Group from $9.50 to $11.00 and gave the stock an “underperform” rating in a research report on Monday, June 26th. Finally, Royal Bank of Canada raised American Airlines Group to an “outperform” rating in a research report on Tuesday, June 6th. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $18.96.
American Airlines Group Price Performance
Shares of AAL stock opened at $16.79 on Friday. The stock has a market cap of $10.97 billion, a P/E ratio of 4.50 and a beta of 1.56. American Airlines Group Inc. has a one year low of $11.65 and a one year high of $19.08. The stock has a fifty day moving average price of $16.56 and a 200 day moving average price of $15.57.
American Airlines Group (NASDAQ:AAL – Get Free Report) last released its quarterly earnings data on Thursday, July 20th. The airline reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.33. American Airlines Group had a negative return on equity of 45.44% and a net margin of 4.98%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $13.74 billion. During the same period in the prior year, the company posted $0.76 earnings per share. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. Equities research analysts anticipate that American Airlines Group Inc. will post 3.34 EPS for the current 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.
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