Entropy Technologies LP Purchases New Position in American Airlines Group Inc. (NASDAQ:AAL)

Entropy Technologies LP acquired a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 23,365 shares of the airline’s stock, valued at approximately $407,000.

Several other institutional investors have also added to or reduced their stakes in AAL. Sanctuary Advisors LLC bought a new stake in American Airlines Group during the 2nd quarter worth about $359,000. CWM LLC boosted its position in American Airlines Group by 59.3% during the third quarter. CWM LLC now owns 34,316 shares of the airline’s stock valued at $386,000 after purchasing an additional 12,776 shares during the last quarter. CX Institutional increased its position in shares of American Airlines Group by 255.3% during the 3rd quarter. CX Institutional now owns 14,345 shares of the airline’s stock worth $161,000 after purchasing an additional 10,308 shares during the last quarter. Creative Planning boosted its holdings in shares of American Airlines Group by 33.3% in the 3rd quarter. Creative Planning now owns 232,811 shares of the airline’s stock valued at $2,617,000 after buying an additional 58,127 shares during the last quarter. Finally, Vontobel Holding Ltd. grew its stake in shares of American Airlines Group by 110.6% in the third quarter. Vontobel Holding Ltd. now owns 38,815 shares of the airline’s stock valued at $436,000 after buying an additional 20,383 shares in the last quarter. 52.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AAL has been the subject of a number of analyst reports. UBS Group raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Susquehanna cut their price objective on American Airlines Group from $20.00 to $18.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Scotiabank raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a report on Thursday, December 5th. Seaport Res Ptn upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $15.00 price target on shares of American Airlines Group in a research note on Friday, November 15th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat, American Airlines Group presently has an average rating of “Moderate Buy” and a consensus price target of $18.88.

American Airlines Group Trading Down 0.9 %

Shares of AAL opened at $16.26 on Thursday. The stock has a market capitalization of $10.68 billion, a P/E ratio of 14.26, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The firm’s fifty day simple moving average is $17.29 and its two-hundred day simple moving average is $13.79. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $19.10.

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%. As a group, research analysts predict that American Airlines Group Inc. will post 2.39 EPS for the current fiscal year.

Insider Buying and Selling at American Airlines Group

In related news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $17.15, for a total transaction of $890,187.90. Following the transaction, the senior vice president now owns 112,412 shares of the company’s stock, valued at $1,927,865.80. The trade was a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm’s stock in a transaction on Friday, December 27th. The shares were sold at an average price of $17.21, for a total value of $1,763,009.61. Following the transaction, the chief executive officer now 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 currently owned by company 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.