Retirement Systems of Alabama Purchases 1,278 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Retirement Systems of Alabama lifted its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 799,016 shares of the airline’s stock after acquiring an additional 1,278 shares during the period. Retirement Systems of Alabama owned approximately 0.12% of American Airlines Group worth $13,927,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Brooklyn Investment Group grew its stake in shares of American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after acquiring an additional 909 shares during the period. Blue Trust Inc. boosted its holdings in American Airlines Group by 56.2% in the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after purchasing an additional 911 shares during the last quarter. Coastwise Capital Group LLC grew its position in American Airlines Group by 5.3% in the 3rd quarter. Coastwise Capital Group LLC now owns 37,840 shares of the airline’s stock worth $425,000 after purchasing an additional 1,900 shares during the period. Concurrent Investment Advisors LLC raised its stake in American Airlines Group by 20.2% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 12,663 shares of the airline’s stock valued at $142,000 after buying an additional 2,128 shares during the last quarter. Finally, KBC Group NV lifted its holdings in shares of American Airlines Group by 55.8% during the 3rd quarter. KBC Group NV now owns 6,152 shares of the airline’s stock valued at $69,000 after buying an additional 2,204 shares during the period. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group Trading Up 0.6 %

NASDAQ AAL opened at $17.17 on Friday. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $19.10. The stock has a market cap of $11.28 billion, a PE ratio of 15.06, a P/E/G ratio of 0.24 and a beta of 1.35. The stock’s 50 day moving average is $17.16 and its 200 day moving average is $13.61.

American Airlines Group (NASDAQ:AAL) last released 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%. On average, analysts forecast that American Airlines Group Inc. will post 2.39 EPS for the current fiscal year.

Insider Activity

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of the stock in a transaction 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 in the company, valued at $1,927,865.80. This trade represents a 31.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now 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 disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Morgan Stanley lifted their price objective on American Airlines Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, December 11th. Scotiabank upgraded American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a research note on Thursday, December 5th. TD Cowen upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and increased their price objective for the stock from $17.00 to $25.00 in a research note on Monday, January 6th. UBS Group upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Sanford C. Bernstein upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $14.00 to $24.00 in a research report on Tuesday, December 10th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, American Airlines Group has a consensus rating of “Moderate Buy” and a consensus price target of $18.88.

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.