Blueshift Asset Management LLC Takes $335,000 Position in American Airlines Group Inc. (NASDAQ:AAL)

Blueshift Asset Management LLC bought a new position in American Airlines Group Inc. (NASDAQ:AAL) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 19,198 shares of the airline’s stock, valued at approximately $335,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Centiva Capital LP lifted its stake in shares of American Airlines Group by 199.9% in 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. Banco Santander S.A. acquired a new position in American Airlines Group during the third quarter valued at approximately $672,000. Decker Retirement Planning Inc. purchased a new stake in American Airlines Group during the fourth quarter worth approximately $9,482,000. Amundi increased its position in shares of American Airlines Group by 31,647.8% in the fourth quarter. Amundi now owns 426,691 shares of the airline’s stock worth $7,510,000 after acquiring an additional 425,347 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in shares of American Airlines Group by 92.8% in the 3rd quarter. MetLife Investment Management LLC now owns 341,525 shares of the airline’s stock valued at $3,839,000 after acquiring an additional 164,376 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

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 business’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. The trade was a 3.34 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Angela Owens sold 51,906 shares of the firm’s stock in a transaction on Monday, January 27th. The shares were 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 in the company, valued at $1,927,865.80. This trade represents a 31.59 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

American Airlines Group Trading Up 1.2 %

Shares of American Airlines Group stock opened at $11.39 on Friday. The stock has a market capitalization of $7.49 billion, a price-to-earnings ratio of 9.99, a PEG ratio of 0.21 and a beta of 1.27. American Airlines Group Inc. has a twelve month low of $9.07 and a twelve month high of $19.10. The business’s 50 day simple moving average is $15.31 and its 200-day simple moving average is $14.43.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, topping 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%. Sell-side analysts predict that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on AAL shares. Bank of America lowered their price target on American Airlines Group from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Morgan Stanley raised their target price on American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a report on Wednesday, December 11th. Evercore ISI upped their price target on American Airlines Group to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 9th. Redburn Atlantic upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $18.00 to $24.00 in a research note on Wednesday, February 26th. Finally, Jefferies Financial Group upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and upped their target price for the company from $12.00 to $20.00 in a research note on Monday, January 6th. Seven investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, American Airlines Group currently has a consensus rating of “Moderate Buy” and a consensus target price 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.