Semanteon Capital Management LP Invests $1.23 Million in American Airlines Group Inc. (NASDAQ:AAL)

Semanteon Capital Management LP acquired a new stake in American Airlines Group Inc. (NASDAQ:AAL) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 70,680 shares of the airline’s stock, valued at approximately $1,232,000.

Several other large investors have also bought and sold shares of the company. Primecap Management Co. CA lifted its holdings in American Airlines Group by 5.0% in the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline’s stock valued at $1,049,734,000 after acquiring an additional 2,886,041 shares during the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of American Airlines Group in the 4th quarter worth approximately $26,033,000. Point72 DIFC Ltd acquired a new stake in American Airlines Group during the third quarter valued at approximately $16,490,000. Toronto Dominion Bank boosted its holdings in American Airlines Group by 379.6% during the third quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock worth $18,743,000 after buying an additional 1,319,859 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in American Airlines Group by 10,997.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline’s stock worth $13,118,000 after buying an additional 1,156,540 shares during the last quarter. Institutional investors own 52.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on AAL shares. StockNews.com lowered American Airlines Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 13th. Morgan Stanley increased their price target on American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, December 11th. TD Cowen boosted their price objective on American Airlines Group to $26.00 and gave the stock a “buy” rating in a report on Thursday, March 13th. Scotiabank upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a report on Thursday, December 5th. Finally, Barclays cut their price target on shares of American Airlines Group from $18.00 to $16.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 12th. Seven investment analysts have rated the stock with a hold rating, twelve have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $19.30.

Insider Buying and Selling at American Airlines Group

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 2,967,984 shares in the company, valued at $51,079,004.64. This trade represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction that occurred 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 directly owns 112,412 shares in the company, valued at approximately $1,927,865.80. This represents a 31.59 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 0.49% of the company’s stock.

American Airlines Group Stock Performance

Shares of NASDAQ AAL opened at $11.26 on Friday. The stock has a market cap of $7.40 billion, a price-to-earnings ratio of 9.88, a PEG ratio of 0.21 and a beta of 1.27. The business has a 50 day simple moving average of $15.45 and a 200 day simple moving average of $14.42. American Airlines Group Inc. has a 52 week low of $9.07 and a 52 week high of $19.10.

American Airlines Group (NASDAQ:AAL) last announced its quarterly 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 predict that American Airlines Group Inc. will post 2.42 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.