Meitav Investment House Ltd. Invests $1.37 Million in American Airlines Group Inc. (NASDAQ:AAL)

Meitav Investment House Ltd. purchased a new stake in American Airlines Group Inc. (NASDAQ:AAL) during the 4th quarter, Holdings Channel.com reports. The fund purchased 77,693 shares of the airline’s stock, valued at approximately $1,366,000.

Several other institutional investors have also modified their holdings of AAL. Handelsbanken Fonder AB increased its position in American Airlines Group by 22.3% during the fourth quarter. Handelsbanken Fonder AB now owns 164,700 shares of the airline’s stock worth $2,871,000 after buying an additional 30,000 shares during the period. Convergence Investment Partners LLC acquired a new position in shares of American Airlines Group in the 4th quarter valued at $502,000. SilverOak Wealth Management LLC purchased a new stake in American Airlines Group in the 4th quarter valued at $217,000. Bfsg LLC grew its position in American Airlines Group by 269.3% during the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock worth $36,000 after purchasing an additional 1,500 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in American Airlines Group by 5.2% in the fourth quarter. CIBC Asset Management Inc now owns 19,987 shares of the airline’s stock valued at $348,000 after purchasing an additional 981 shares during the period. Hedge funds and other institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Down 0.5 %

Shares of NASDAQ:AAL opened at $16.00 on Thursday. The company has a market capitalization of $10.51 billion, a P/E ratio of 14.04, a P/E/G ratio of 0.22 and a beta of 1.35. The stock’s fifty day simple moving average is $17.17 and its 200-day simple moving average is $14.00. 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 posted its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share 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, sell-side analysts anticipate that American Airlines Group Inc. will post 2.39 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Susquehanna lowered their price target on American Airlines Group from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. Evercore ISI boosted their target price on American Airlines Group to $18.00 and gave the company a “hold” rating in a report on Thursday, January 9th. Barclays increased their price target on American Airlines Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Scotiabank upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a research report on Thursday, December 5th. Finally, Melius raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.88.

Insiders Place Their Bets

In related news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction on Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the transaction, the senior vice president now owns 112,412 shares in the company, valued at approximately $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 can be accessed through the SEC website. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction dated Friday, December 27th. The stock was sold at an average price of $17.21, for a total value 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 $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 corporate insiders.

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.