Prudential Financial Inc. Boosts Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Prudential Financial Inc. raised its position in American Airlines Group Inc. (NASDAQ:AAL) by 28.1% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 202,575 shares of the airline’s stock after buying an additional 44,462 shares during the quarter. Prudential Financial Inc.’s holdings in American Airlines Group were worth $3,531,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in AAL. Primecap Management Co. CA raised its holdings in American Airlines Group by 5.0% during the fourth quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline’s stock worth $1,049,734,000 after purchasing an additional 2,886,041 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in American Airlines Group during the 4th quarter worth approximately $26,033,000. Point72 DIFC Ltd acquired a new stake in shares of American Airlines Group in the 3rd quarter valued at approximately $16,490,000. Toronto Dominion Bank boosted 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 buying an additional 1,319,859 shares in the last quarter. Finally, Principal Financial Group Inc. raised its position in 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 worth $44,892,000 after acquiring an additional 1,055,667 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Price Performance

NASDAQ AAL opened at $10.30 on Wednesday. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $19.10. The firm has a market capitalization of $6.77 billion, a P/E ratio of 9.04, a P/E/G ratio of 0.21 and a beta of 1.27. The business’s 50-day simple moving average is $14.31 and its 200-day simple moving average is $14.49.

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, equities research analysts expect that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

Insider Transactions at American Airlines Group

In related news, 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 transaction of $890,187.90. Following the completion of the sale, the senior vice president now directly owns 112,412 shares of the company’s stock, valued at approximately $1,927,865.80. This trade represents a 31.59 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. Sanford C. Bernstein raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $14.00 to $24.00 in a research note on Tuesday, December 10th. UBS Group raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Evercore ISI boosted their price target on American Airlines Group to $18.00 and gave the stock a “hold” rating in a research note on Thursday, January 9th. Melius Research raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, Melius upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Monday, January 6th. Eight investment analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $18.90.

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.