Everence Capital Management Inc. Invests $409,000 in American Airlines Group Inc. (NASDAQ:AAL)

Everence Capital Management Inc. acquired a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 23,470 shares of the airline’s stock, valued at approximately $409,000.

Other institutional investors have also bought and sold shares of the company. Blue Trust Inc. boosted its holdings in American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after buying an additional 911 shares in the last quarter. Sunbelt Securities Inc. lifted its position in shares of American Airlines Group by 8.2% during the 2nd quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline’s stock valued at $169,000 after acquiring an additional 1,126 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of American Airlines Group by 2.8% during the 2nd quarter. American Century Companies Inc. now owns 54,178 shares of the airline’s stock worth $614,000 after acquiring an additional 1,468 shares in the last quarter. Coastwise Capital Group LLC grew its holdings in shares of American Airlines Group by 5.3% in the 3rd quarter. Coastwise Capital Group LLC now owns 37,840 shares of the airline’s stock worth $425,000 after acquiring an additional 1,900 shares during the last quarter. Finally, Concurrent Investment Advisors LLC lifted its holdings in shares of American Airlines Group by 20.2% during the third quarter. Concurrent Investment Advisors LLC now owns 12,663 shares of the airline’s stock valued at $142,000 after purchasing an additional 2,128 shares during the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm’s stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the completion of the sale, the chief executive officer now owns 2,967,984 shares of the company’s stock, valued at $51,079,004.64. This trade represents a 3.34 % 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. Company insiders own 0.49% of the company’s stock.

American Airlines Group Trading Down 0.2 %

Shares of NASDAQ:AAL opened at $16.97 on Monday. The firm has a 50 day moving average of $15.46 and a 200-day moving average of $12.53. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $18.20. The stock has a market capitalization of $11.15 billion, a PE ratio of 51.43, a PEG ratio of 0.29 and a beta of 1.41.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The firm had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 earnings per share. On average, research analysts predict that American Airlines Group Inc. will post 1.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have commented on AAL shares. Morgan Stanley upped their price objective on shares of American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Bank of America raised their price objective on shares of American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a research note on Friday, October 25th. Raymond James raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and set a $24.00 target price on the stock in a research note on Monday, December 30th. Susquehanna raised their target price on American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 9th. Finally, TD Cowen upped their price target on American Airlines Group from $10.00 to $17.00 and gave the company a “hold” rating in a research report on Friday, December 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, American Airlines Group currently has a consensus rating of “Moderate Buy” and an average target price of $16.44.

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.