American Airlines Group Inc. (NASDAQ:AAL) SVP Sells $890,187.90 in Stock

American Airlines Group Inc. (NASDAQ:AAL) SVP Angela Owens sold 51,906 shares of American Airlines Group 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 completion of the transaction, the senior vice president now owns 112,412 shares in the company, valued at $1,927,865.80. This represents a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

American Airlines Group Stock Performance

NASDAQ:AAL opened at $17.33 on Thursday. The firm’s fifty day moving average is $16.88 and its two-hundred day moving average is $13.38. The firm has a market cap of $11.39 billion, a price-to-earnings ratio of 52.52, a PEG ratio of 0.97 and a beta of 1.35. American Airlines Group Inc. has a one year low of $9.07 and a one year high of $19.10.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, topping the consensus estimate of $0.39 by $0.47. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. As a group, equities research analysts predict that American Airlines Group Inc. will post 1.73 earnings per share for the current fiscal year.

Hedge Funds Weigh In On American Airlines Group

Large investors have recently made changes to their positions in the company. Brooklyn Investment Group grew its holdings in American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after purchasing an additional 909 shares during the period. Blue Trust Inc. increased its holdings in American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after acquiring an additional 911 shares in the last quarter. Sunbelt Securities Inc. raised its position in American Airlines Group by 8.2% during the second quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline’s stock worth $169,000 after acquiring an additional 1,126 shares during the period. Quent Capital LLC raised its position in American Airlines Group by 70.2% during the fourth quarter. Quent Capital LLC now owns 3,064 shares of the airline’s stock worth $53,000 after acquiring an additional 1,264 shares during the period. Finally, Golden State Wealth Management LLC acquired a new stake in shares of American Airlines Group in the fourth quarter valued at about $25,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. TD Cowen upgraded American Airlines Group from a “hold” rating to a “buy” rating and lifted their target price for the company from $17.00 to $25.00 in a research note on Monday, January 6th. Barclays lifted their price target on shares of American Airlines Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a report on Friday, December 6th. Susquehanna increased their price objective on American Airlines Group from $14.00 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Melius Research upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, January 6th. Finally, Sanford C. Bernstein upgraded American Airlines Group from a “market perform” rating to an “outperform” rating and increased their price target for the company from $14.00 to $24.00 in a research note on Tuesday, December 10th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.99.

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.