US Bancorp DE Purchases 4,756 Shares of American Airlines Group Inc. (NASDAQ:AAL)

US Bancorp DE boosted its position in American Airlines Group Inc. (NASDAQ:AAL) by 38.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,983 shares of the airline’s stock after purchasing an additional 4,756 shares during the period. US Bancorp DE’s holdings in American Airlines Group were worth $296,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Centiva Capital LP lifted its stake in American Airlines Group by 199.9% in the third quarter. Centiva Capital LP now owns 149,304 shares of the airline’s stock worth $1,678,000 after purchasing an additional 99,513 shares during the last quarter. Primecap Management Co. CA raised its stake in shares of American Airlines Group by 0.8% during the third quarter. Primecap Management Co. CA now owns 57,339,666 shares of the airline’s stock valued at $644,498,000 after acquiring an additional 458,310 shares in the last quarter. Principal Financial Group Inc. raised its stake in shares of American Airlines Group by 107.6% during the third quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock valued at $17,084,000 after acquiring an additional 787,671 shares in the last quarter. Banco Santander S.A. bought a new stake in shares of American Airlines Group during the third quarter valued at approximately $672,000. Finally, Decker Retirement Planning Inc. bought a new stake in shares of American Airlines Group during the fourth quarter valued at approximately $9,482,000. Institutional investors own 52.44% of the company’s stock.

Analysts Set New Price Targets

AAL has been the topic of several research reports. StockNews.com lowered shares of American Airlines Group from a “buy” rating to a “hold” rating in a report on Thursday. UBS Group raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Redburn Atlantic raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $18.00 to $24.00 in a report on Wednesday, February 26th. Redburn Partners raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 price objective on the stock in a report on Wednesday, February 26th. Finally, Raymond James reaffirmed an “outperform” rating and issued a $23.00 price target (down from $24.00) on shares of American Airlines Group in a report on Friday, January 24th. Seven analysts have rated the stock with a hold rating, twelve have given a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, American Airlines Group currently has an average rating of “Moderate Buy” and an average price target of $19.37.

American Airlines Group Price Performance

NASDAQ AAL opened at $10.67 on Friday. The company has a market capitalization of $7.02 billion, a PE ratio of 9.36, a P/E/G ratio of 0.21 and a beta of 1.27. The company has a fifty day moving average of $16.08 and a 200 day moving average of $14.39. American Airlines Group Inc. has a 1 year low of $9.07 and a 1 year high of $19.10.

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

Insiders Place Their Bets

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction dated 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 of the company’s stock, valued at approximately $1,927,865.80. This trade represents a 31.59 % 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.