Jones Financial Companies Lllp Boosts Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

Jones Financial Companies Lllp boosted its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 17.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,218 shares of the airline’s stock after purchasing an additional 4,292 shares during the quarter. Jones Financial Companies Lllp’s holdings in American Airlines Group were worth $509,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Primecap Management Co. CA boosted its stake in American Airlines Group by 0.8% during the 3rd quarter. Primecap Management Co. CA now owns 57,339,666 shares of the airline’s stock worth $644,498,000 after purchasing an additional 458,310 shares during the period. Principal Financial Group Inc. boosted its stake in shares of 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 purchasing an additional 1,055,667 shares during the last quarter. Toronto Dominion Bank grew its position 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 purchasing an additional 1,319,859 shares during the period. Assenagon Asset Management S.A. acquired a new position in American Airlines Group during the fourth quarter worth approximately $26,033,000. Finally, Point72 DIFC Ltd purchased a new position in shares of American Airlines Group in the 3rd quarter worth about $16,490,000. Hedge funds and other institutional investors own 52.44% of the company’s stock.

Insider Buying and Selling at American Airlines Group

In related news, SVP Angela Owens sold 51,906 shares of the stock in a transaction on Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the completion of the sale, the senior vice president now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction that occurred on Friday, December 27th. The stock was sold at an average price of $17.21, for a total value of $1,763,009.61. Following the completion of the transaction, the chief executive officer now directly owns 2,967,984 shares in the company, 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. Insiders own 0.49% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on AAL shares. Redburn Partners upgraded American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 price target for the company in a report on Wednesday, February 26th. Melius raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Monday, January 6th. Seaport Res Ptn upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Bank of America raised shares of American Airlines Group from an “underperform” rating to a “neutral” rating and upped their price target for the company from $12.00 to $20.00 in a report on Friday, January 17th. Finally, StockNews.com upgraded American Airlines Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th. Six investment analysts have rated the stock with a hold rating, thirteen have given a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $19.62.

American Airlines Group Price Performance

AAL stock opened at $12.50 on Tuesday. The stock has a market cap of $8.22 billion, a price-to-earnings ratio of 10.97, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27. American Airlines Group Inc. has a one year low of $9.07 and a one year high of $19.10. The company has a fifty day moving average price of $16.45 and a two-hundred day moving average price of $14.44.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, topping the consensus estimate 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%. Research analysts anticipate that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

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.