Janney Montgomery Scott LLC Boosts Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

Janney Montgomery Scott LLC grew its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 16.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,119 shares of the airline’s stock after purchasing an additional 2,295 shares during the period. Janney Montgomery Scott LLC’s holdings in American Airlines Group were worth $281,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in AAL. Assenagon Asset Management S.A. purchased a new position in American Airlines Group during the 4th quarter worth $26,033,000. Point72 DIFC Ltd purchased a new position in shares of American Airlines Group during the third quarter valued at $16,490,000. Toronto Dominion Bank raised its holdings in shares of 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 in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in American Airlines Group by 10,997.9% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline’s stock worth $13,118,000 after acquiring an additional 1,156,540 shares during the period. Finally, Principal Financial Group Inc. grew its holdings in American Airlines Group by 107.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock worth $17,084,000 after acquiring an additional 787,671 shares in the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AAL shares. The Goldman Sachs Group restated a “neutral” rating and set a $15.00 price objective on shares of American Airlines Group in a research note on Friday, November 15th. TD Cowen upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $17.00 to $25.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. raised their target price on shares of American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. StockNews.com raised American Airlines Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 29th. Finally, Bank of America raised American Airlines Group from an “underperform” rating to a “neutral” rating and raised their price objective for the stock from $12.00 to $20.00 in a research report on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, American Airlines Group presently has an average rating of “Moderate Buy” and a consensus price target of $18.88.

Insiders Place Their Bets

In related news, SVP Angela Owens sold 51,906 shares of the business’s stock in a transaction dated 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 directly owns 112,412 shares in the company, valued at approximately $1,927,865.80. The trade was a 31.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the sale, the chief executive officer now owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. This represents 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 insiders.

American Airlines Group Trading Down 1.3 %

NASDAQ:AAL opened at $16.41 on Wednesday. The stock has a 50 day moving average of $17.25 and a two-hundred day moving average of $13.75. The firm has a market cap of $10.78 billion, a P/E ratio of 14.39, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $19.10.

American Airlines Group (NASDAQ:AAL) last posted its quarterly 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 net margin of 1.56% and a negative return on equity of 28.56%. On average, research analysts forecast that American Airlines Group Inc. will post 2.39 earnings per share for the current year.

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.