Proficio Capital Partners LLC Purchases Shares of 13,229 American Airlines Group Inc. (NASDAQ:AAL)

Proficio Capital Partners LLC purchased a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 13,229 shares of the airline’s stock, valued at approximately $231,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of AAL. Golden State Wealth Management LLC bought a new stake in shares of American Airlines Group in the 4th quarter worth $25,000. Brooklyn Investment Group grew its position in American Airlines Group by 133.1% during the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after buying an additional 909 shares during the period. Bfsg LLC increased its holdings in American Airlines Group by 269.3% during the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock worth $36,000 after buying an additional 1,500 shares during the last quarter. Quent Capital LLC raised its position in American Airlines Group by 70.2% in 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, Principal Securities Inc. boosted its stake in American Airlines Group by 139.6% in the fourth quarter. Principal Securities Inc. now owns 3,261 shares of the airline’s stock valued at $57,000 after acquiring an additional 1,900 shares during the last quarter. Institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Performance

NASDAQ:AAL opened at $11.46 on Wednesday. The firm has a market cap of $7.54 billion, a PE ratio of 10.05, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27. American Airlines Group Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $19.10. The business has a 50 day moving average price of $16.33 and a 200-day moving average price of $14.44.

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

Analyst Ratings Changes

Several brokerages have recently issued reports on AAL. Redburn Atlantic upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and raised their price target for the stock from $18.00 to $24.00 in a research note on Wednesday, February 26th. Citigroup raised their target price on American Airlines Group to $21.50 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Melius raised American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Monday, January 6th. Raymond James reissued an “outperform” rating and issued a $23.00 price objective (down previously from $24.00) on shares of American Airlines Group in a report on Friday, January 24th. Finally, Bank of America raised shares of American Airlines Group from an “underperform” rating to a “neutral” rating and upped their price objective for the company from $12.00 to $20.00 in a report on Friday, January 17th. Six research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $19.62.

Insider Activity

In related news, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $17.15, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction that occurred on Friday, December 27th. The shares were sold at an average price of $17.21, for a total value of $1,763,009.61. Following the transaction, 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 position. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

About American Airlines Group

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.