13,955 Shares in American Airlines Group Inc. (NASDAQ:AAL) Purchased by CreativeOne Wealth LLC

CreativeOne Wealth LLC acquired a new position in shares of American Airlines Group Inc. (NASDAQ:AAL) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 13,955 shares of the airline’s stock, valued at approximately $243,000.

Several other hedge funds have also recently added to or reduced their stakes in the business. Golden State Wealth Management LLC acquired a new position in shares of American Airlines Group during the fourth quarter worth $25,000. Brooklyn Investment Group raised its holdings in shares of American Airlines Group by 133.1% in the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after purchasing an additional 909 shares in the last quarter. Bfsg LLC grew its holdings in shares of American Airlines Group by 269.3% in the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock worth $36,000 after acquiring an additional 1,500 shares during the last quarter. Bernard Wealth Management Corp. acquired a new stake in American Airlines Group during the 4th quarter worth about $42,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in American Airlines Group during the 4th quarter valued at $45,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group Trading Up 0.4 %

AAL stock opened at $9.46 on Monday. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of 8.30, a PEG ratio of 0.21 and a beta of 1.17. The firm’s 50-day moving average price is $12.12 and its two-hundred day moving average price is $14.33. American Airlines Group Inc. has a 12-month low of $8.50 and a 12-month high of $19.10.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, beating the consensus estimate 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%. Equities analysts predict that American Airlines Group Inc. will post 2.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AAL shares. Jefferies Financial Group reissued a “hold” rating and set a $12.00 price objective (down previously from $20.00) on shares of American Airlines Group in a research report on Tuesday, April 1st. Bank of America cut their price objective on American Airlines Group from $16.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. Barclays reduced their price objective on American Airlines Group from $16.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. UBS Group cut their price target on shares of American Airlines Group from $13.00 to $9.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Finally, Evercore ISI increased their target price on American Airlines Group to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 9th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, American Airlines Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.95.

Insider Activity at American Airlines Group

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of the business’s stock in a transaction on Monday, January 27th. The shares were sold at an average price of $17.15, for a total value of $890,187.90. Following the sale, the senior vice president now owns 112,412 shares in the company, valued at $1,927,865.80. The trade was a 31.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.49% of the stock is 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.