American Airlines Group Inc. (NASDAQ:AAL) Shares Bought by Fox Run Management L.L.C.

Fox Run Management L.L.C. raised its position in American Airlines Group Inc. (NASDAQ:AAL) by 44.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 66,068 shares of the airline’s stock after acquiring an additional 20,379 shares during the period. Fox Run Management L.L.C.’s holdings in American Airlines Group were worth $1,152,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. Primecap Management Co. CA lifted its stake in shares of American Airlines Group by 5.0% in the fourth quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline’s stock valued at $1,049,734,000 after purchasing an additional 2,886,041 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of American Airlines Group in the fourth quarter valued at about $26,033,000. Point72 DIFC Ltd acquired a new stake in shares of American Airlines Group in the third quarter valued at about $16,490,000. Toronto Dominion Bank lifted its stake in shares of American Airlines Group by 379.6% in the third quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock valued at $18,743,000 after purchasing an additional 1,319,859 shares during the period. Finally, Principal Financial Group Inc. lifted its stake in shares of American Airlines Group by 69.5% in the fourth quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline’s stock valued at $44,892,000 after purchasing an additional 1,055,667 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

Analyst Ratings Changes

AAL has been the subject of several recent analyst reports. Melius upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Monday, January 6th. Redburn Atlantic upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and raised their price objective for the company from $18.00 to $24.00 in a research note on Wednesday, February 26th. Jefferies Financial Group upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and raised their target price for the company from $12.00 to $20.00 in a report on Monday, January 6th. Seaport Res Ptn upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Finally, Barclays dropped their target price on shares of American Airlines Group from $18.00 to $16.00 and set an “equal weight” rating for the company in a report on Wednesday, March 12th. Seven research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $19.30.

American Airlines Group Price Performance

Shares of NASDAQ AAL opened at $11.39 on Friday. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $19.10. The company has a 50-day simple moving average of $15.31 and a 200-day simple moving average of $14.46. The company has a market cap of $7.49 billion, a PE ratio of 9.99, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 anticipate that American Airlines Group Inc. will post 2.42 EPS for the current year.

Insider Activity at American Airlines Group

In related news, SVP Angela Owens sold 51,906 shares of the business’s stock in a transaction that occurred 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 completion of the sale, 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 transaction 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 American Airlines Group stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. This trade 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 insiders.

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.