Oregon Public Employees Retirement Fund Boosts Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Oregon Public Employees Retirement Fund boosted its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 0.6% in the fourth quarter, HoldingsChannel reports. The fund owned 133,774 shares of the airline’s stock after purchasing an additional 774 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in American Airlines Group were worth $2,332,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Austin Private Wealth LLC acquired a new position in American Airlines Group during the 3rd quarter valued at approximately $723,000. Centiva Capital LP increased its stake in American Airlines Group by 199.9% during the 3rd 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 in the last quarter. Principal Financial Group Inc. increased its stake in American Airlines Group by 107.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock valued at $17,084,000 after purchasing an additional 787,671 shares in the last quarter. Primecap Management Co. CA increased its stake in American Airlines Group by 0.8% during the 3rd quarter. Primecap Management Co. CA now owns 57,339,666 shares of the airline’s stock valued at $644,498,000 after purchasing an additional 458,310 shares in the last quarter. Finally, Banco Santander S.A. acquired a new position in American Airlines Group during the 3rd quarter valued at approximately $672,000. Hedge funds and other institutional investors own 52.44% of the company’s stock.

Insider Buying and Selling

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction dated 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 sale, the senior vice president now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction dated Friday, December 27th. The shares were 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 owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. This represents a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Scotiabank upgraded 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. UBS Group upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. Melius upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Monday, January 6th. Melius Research raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, Evercore ISI increased their price target on shares of American Airlines Group to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 9th. Six analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.40.

American Airlines Group Trading Down 4.3 %

NASDAQ:AAL opened at $14.53 on Friday. American Airlines Group Inc. has a twelve month low of $9.07 and a twelve month high of $19.10. The company has a market cap of $9.55 billion, a P/E ratio of 12.75, a P/E/G ratio of 0.21 and a beta of 1.35. The company’s 50-day moving average price is $17.03 and its 200-day moving average price is $14.20.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data 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 net margin of 1.56% and a negative return on equity of 28.56%. On average, analysts expect that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

American Airlines Group Company 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.