CIBC Asset Management Inc Has $348,000 Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

CIBC Asset Management Inc lifted its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 5.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,987 shares of the airline’s stock after buying an additional 981 shares during the quarter. CIBC Asset Management Inc’s holdings in American Airlines Group were worth $348,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in AAL. Creative Planning grew its stake in American Airlines Group by 33.3% in the third quarter. Creative Planning now owns 232,811 shares of the airline’s stock valued at $2,617,000 after acquiring an additional 58,127 shares during the period. Blue Trust Inc. increased its position in shares of American Airlines Group by 56.2% during the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after purchasing an additional 911 shares during the last quarter. Sequoia Financial Advisors LLC bought a new stake in American Airlines Group during the third quarter worth $114,000. International Assets Investment Management LLC lifted its stake in American Airlines Group by 1,334.6% in the 3rd quarter. International Assets Investment Management LLC now owns 359,284 shares of the airline’s stock valued at $40,380,000 after purchasing an additional 334,239 shares during the last quarter. Finally, Allworth Financial LP boosted its stake in shares of American Airlines Group by 31.8% during the 3rd quarter. Allworth Financial LP now owns 45,796 shares of the airline’s stock worth $515,000 after acquiring an additional 11,050 shares during the period. Institutional investors own 52.44% of the company’s stock.

Insider Activity at American Airlines Group

In related news, SVP Angela Owens sold 51,906 shares of the firm’s 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 completion of the sale, the senior vice president now owns 112,412 shares of the company’s stock, valued at $1,927,865.80. This trade represents a 31.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 2,967,984 shares in the company, valued at $51,079,004.64. The trade was 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 company insiders.

American Airlines Group Stock Performance

NASDAQ AAL opened at $15.23 on Monday. The firm’s fifty day moving average price is $17.11 and its two-hundred day moving average price is $14.12. The stock has a market cap of $10.01 billion, a PE ratio of 13.36, a PEG ratio of 0.22 and a beta of 1.35. American Airlines Group Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $19.10.

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

Wall Street Analysts Forecast Growth

AAL has been the topic of several research analyst reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $15.00 price target on shares of American Airlines Group in a report on Friday, November 15th. Citigroup raised their price target on shares of American Airlines Group from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Seaport Res Ptn raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. UBS Group raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, Barclays boosted their price target on American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.88.

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.