Asset Advisors Investment Management LLC Makes New $541,000 Investment in American Airlines Group Inc. (NASDAQ:AAL)

Asset Advisors Investment Management LLC purchased a new position in American Airlines Group Inc. (NASDAQ:AAL) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 31,033 shares of the airline’s stock, valued at approximately $541,000.

Other large investors also recently added to or reduced their stakes in the company. Brooklyn Investment Group boosted 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 last quarter. Blue Trust Inc. lifted its holdings in American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after purchasing an additional 911 shares in the last quarter. CIBC Asset Management Inc boosted its stake in American Airlines Group by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 19,987 shares of the airline’s stock worth $348,000 after purchasing an additional 981 shares during the last quarter. Quent Capital LLC grew its holdings in shares of American Airlines Group by 70.2% during the fourth quarter. Quent Capital LLC now owns 3,064 shares of the airline’s stock worth $53,000 after buying an additional 1,264 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new stake in shares of American Airlines Group in the fourth quarter valued at about $25,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Stock Down 4.0 %

Shares of NASDAQ AAL opened at $15.23 on Monday. 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 moving average is $17.11 and its two-hundred day moving average is $14.12. The firm has a market cap of $10.01 billion, a price-to-earnings ratio of 13.36, a PEG ratio of 0.22 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, beating 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%. Analysts anticipate that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

Insider Activity

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction dated 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 sale, the chief executive officer now owns 2,967,984 shares of the company’s stock, valued at $51,079,004.64. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Angela Owens sold 51,906 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the transaction, the senior vice president now directly owns 112,412 shares of the company’s stock, valued at approximately $1,927,865.80. This represents a 31.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on AAL. Raymond James restated an “outperform” rating and set a $23.00 price target (down from $24.00) on shares of American Airlines Group in a research report on Friday, January 24th. Evercore ISI boosted their target price on American Airlines Group to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 9th. Scotiabank raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a report on Thursday, December 5th. Susquehanna lowered their price objective on American Airlines Group from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Finally, 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 report on Friday, December 6th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.