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

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

Other hedge funds have also recently bought and sold shares of the company. M&T Bank Corp grew its position in American Airlines Group by 2.4% in the 4th quarter. M&T Bank Corp now owns 34,525 shares of the airline’s stock valued at $602,000 after buying an additional 794 shares in the last quarter. Victory Capital Management Inc. lifted its stake in shares of American Airlines Group by 7.4% in the 4th quarter. Victory Capital Management Inc. now owns 121,331 shares of the airline’s stock worth $2,115,000 after acquiring an additional 8,392 shares during the period. Garrett Wealth Advisory Group LLC bought a new position in shares of American Airlines Group in the fourth quarter valued at approximately $262,000. SBI Securities Co. Ltd. acquired a new position in shares of American Airlines Group during the fourth quarter valued at approximately $1,026,000. Finally, Jones Financial Companies Lllp raised its holdings in American Airlines Group by 17.2% during the fourth quarter. Jones Financial Companies Lllp now owns 29,218 shares of the airline’s stock worth $509,000 after purchasing an additional 4,292 shares in the last quarter. 52.44% of the stock is currently owned by institutional investors.

American Airlines Group Stock Performance

Shares of NASDAQ AAL opened at $11.44 on Thursday. The stock has a market cap of $7.52 billion, a price-to-earnings ratio of 10.04, a PEG ratio of 0.21 and a beta of 1.27. The business has a 50 day simple moving average of $14.93 and a 200 day simple moving average of $14.47. American Airlines Group Inc. has a 52 week low of $9.07 and a 52 week high of $19.10.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 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%. On average, analysts predict that American Airlines Group Inc. will post 2.42 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on AAL shares. TD Cowen upped their price objective on American Airlines Group to $26.00 and gave the company a “buy” rating in a report on Thursday, March 13th. Sanford C. Bernstein upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $14.00 to $24.00 in a research report on Tuesday, December 10th. Susquehanna lowered their price objective on shares of American Airlines Group from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. Morgan Stanley increased 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. Finally, Bank of America decreased their price target on shares of American Airlines Group from $20.00 to $16.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 12th. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, American Airlines Group has an average rating of “Moderate Buy” and an average price target of $19.30.

Insiders Place Their Bets

In other news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction 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 sale, the chief executive officer now directly 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. 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.