O Shaughnessy Asset Management LLC Buys 1,860 Shares of American Airlines Group Inc. (NASDAQ:AAL)

O Shaughnessy Asset Management LLC raised its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 11.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 17,600 shares of the airline’s stock after purchasing an additional 1,860 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in American Airlines Group were worth $307,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. increased its stake in American Airlines Group by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 62,985,524 shares of the airline’s stock valued at $1,097,838,000 after purchasing an additional 953,766 shares in the last quarter. Primecap Management Co. CA increased its position in shares of American Airlines Group by 5.0% in the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline’s stock valued at $1,049,734,000 after buying an additional 2,886,041 shares in the last quarter. Principal Financial Group Inc. raised its stake in American Airlines Group by 69.5% during the 4th quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline’s stock worth $44,892,000 after buying an additional 1,055,667 shares during the period. Arrowstreet Capital Limited Partnership acquired a new position in American Airlines Group in the fourth quarter valued at about $40,333,000. Finally, Toronto Dominion Bank grew its stake in 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 acquiring an additional 1,319,859 shares during the period. 52.44% of the stock is owned by institutional investors.

Insider Buying and Selling

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 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 SEC, which is accessible through the SEC website. 0.49% of the stock is currently owned by insiders.

American Airlines Group Stock Up 1.7 %

Shares of NASDAQ AAL opened at $9.67 on Friday. The business’s 50 day moving average price is $12.85 and its two-hundred day moving average price is $14.36. The company has a market cap of $6.36 billion, a PE ratio of 8.48, a price-to-earnings-growth ratio of 0.21 and a beta of 1.17. American Airlines Group Inc. has a twelve month low of $8.50 and a twelve month high of $19.10.

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

Wall Street Analyst Weigh In

Several research firms have recently weighed in on AAL. JPMorgan Chase & Co. cut their price objective on American Airlines Group from $30.00 to $26.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Evercore ISI upped their price target on shares of American Airlines Group to $18.00 and gave the company a “hold” rating in a report on Thursday, January 9th. Redburn Partners upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Wednesday, February 26th. StockNews.com cut American Airlines Group from a “buy” rating to a “hold” rating in a report on Thursday, March 13th. Finally, Barclays cut their price target on American Airlines Group from $16.00 to $11.00 and set an “equal weight” rating on the stock in a report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.95.

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.