American Airlines Group Inc. (NASDAQ:AAL) Stake Increased by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in American Airlines Group Inc. (NASDAQ:AAL) by 7.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 121,331 shares of the airline’s stock after buying an additional 8,392 shares during the period. Victory Capital Management Inc.’s holdings in American Airlines Group were worth $2,115,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Golden State Wealth Management LLC bought a new stake in shares of American Airlines Group in the fourth quarter worth $25,000. Brooklyn Investment Group increased its stake 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 purchasing an additional 909 shares during the last quarter. Bfsg LLC increased its stake in American Airlines Group by 269.3% during the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock valued at $36,000 after purchasing an additional 1,500 shares during the last quarter. Quent Capital LLC increased its stake in American Airlines Group by 70.2% during the fourth quarter. Quent Capital LLC now owns 3,064 shares of the airline’s stock valued at $53,000 after purchasing an additional 1,264 shares during the last quarter. Finally, Principal Securities Inc. increased its stake in American Airlines Group by 139.6% during the fourth quarter. Principal Securities Inc. now owns 3,261 shares of the airline’s stock valued at $57,000 after purchasing an additional 1,900 shares during the last quarter. Institutional investors own 52.44% of the company’s stock.

Insider Buying and Selling at American Airlines Group

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction 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 owns 2,967,984 shares in the company, valued at $51,079,004.64. This trade represents a 3.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Angela Owens sold 51,906 shares of the 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 of the company’s stock, valued at $1,927,865.80. This trade represents a 31.59 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the stock. Susquehanna lowered their target price on shares of American Airlines Group from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Redburn Partners upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Wednesday, February 26th. Morgan Stanley boosted their target price 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. Melius Research raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, Bank of America reduced their price target on shares of American Airlines Group from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Seven equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and three have given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.37.

American Airlines Group Stock Up 4.1 %

NASDAQ:AAL opened at $11.32 on Tuesday. The business’s 50-day moving average price is $15.83 and its 200 day moving average price is $14.46. American Airlines Group Inc. has a 52-week low of $9.07 and a 52-week high of $19.10. The firm has a market cap of $7.44 billion, a P/E ratio of 9.93, a PEG ratio of 0.21 and a beta of 1.27.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) 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%. Sell-side analysts expect that American Airlines Group Inc. will post 2.42 EPS for the current year.

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.