Quantbot Technologies LP Invests $797,000 in American Airlines Group Inc. (NASDAQ:AAL)

Quantbot Technologies LP bought a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 45,744 shares of the airline’s stock, valued at approximately $797,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Centiva Capital LP raised its holdings in shares of American Airlines Group by 199.9% during the third quarter. Centiva Capital LP now owns 149,304 shares of the airline’s stock valued at $1,678,000 after purchasing an additional 99,513 shares during the period. Decker Retirement Planning Inc. bought a new stake in American Airlines Group in the 4th quarter valued at about $9,482,000. Amundi raised its stake in American Airlines Group by 31,647.8% during the 4th quarter. Amundi now owns 426,691 shares of the airline’s stock worth $7,510,000 after buying an additional 425,347 shares during the period. MetLife Investment Management LLC boosted its holdings in American Airlines Group by 92.8% in the third quarter. MetLife Investment Management LLC now owns 341,525 shares of the airline’s stock worth $3,839,000 after acquiring an additional 164,376 shares in the last quarter. Finally, Contravisory Investment Management Inc. acquired a new stake in American Airlines Group in the fourth quarter valued at approximately $689,000. 52.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction on Monday, January 27th. The stock was 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 directly owns 112,412 shares in the company, valued at approximately $1,927,865.80. The trade was a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 directly owns 2,967,984 shares in the company, valued at $51,079,004.64. This trade represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

American Airlines Group Trading Down 0.6 %

American Airlines Group stock opened at $11.44 on Thursday. The business’s 50 day simple moving average is $14.93 and its 200 day simple moving average is $14.47. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $19.10. The company has a market cap of $7.52 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 0.21 and a beta of 1.27.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, beating 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%. As a group, equities research analysts forecast that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Barclays lowered their target price on American Airlines Group from $18.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 12th. Scotiabank raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Thursday, December 5th. Susquehanna decreased their target price on shares of American Airlines Group from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Melius Research upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, Raymond James reissued an “outperform” rating and set a $23.00 price objective (down from $24.00) on shares of American Airlines Group in a report on Friday, January 24th. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.30.

American Airlines Group Profile

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.