American Airlines Group Inc. (NASDAQ:AAL) Shares Purchased by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. lifted its position in American Airlines Group Inc. (NASDAQ:AAL) by 1,401.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,417 shares of the airline’s stock after acquiring an additional 11,590 shares during the period. Migdal Insurance & Financial Holdings Ltd.’s holdings in American Airlines Group were worth $174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James & Associates raised its position in American Airlines Group by 12.8% in the first quarter. Raymond James & Associates now owns 143,373 shares of the airline’s stock valued at $2,617,000 after purchasing an additional 16,316 shares during the period. American Century Companies Inc. raised its position in American Airlines Group by 14.1% in the first quarter. American Century Companies Inc. now owns 27,651 shares of the airline’s stock valued at $505,000 after purchasing an additional 3,421 shares during the period. US Bancorp DE raised its position in American Airlines Group by 11.0% in the first quarter. US Bancorp DE now owns 20,747 shares of the airline’s stock valued at $378,000 after purchasing an additional 2,064 shares during the period. MetLife Investment Management LLC raised its position in American Airlines Group by 23.1% in the first quarter. MetLife Investment Management LLC now owns 176,047 shares of the airline’s stock valued at $3,213,000 after purchasing an additional 32,986 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in American Airlines Group by 6.6% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 86,668 shares of the airline’s stock valued at $1,582,000 after purchasing an additional 5,393 shares during the period. Hedge funds and other institutional investors own 52.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Sanford C. Bernstein lifted their target price on American Airlines Group from $20.00 to $21.00 and gave the company an “outperform” rating in a research report on Tuesday, March 5th. JPMorgan Chase & Co. lifted their price objective on American Airlines Group from $19.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, January 26th. Evercore ISI reaffirmed a “hold” rating and issued a $17.00 price objective on shares of American Airlines Group in a research note on Monday, January 29th. Wolfe Research raised American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 price objective for the company in a research note on Monday, January 22nd. Finally, Jefferies Financial Group raised American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research note on Thursday, January 11th. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $17.53.

American Airlines Group Price Performance

AAL opened at $14.02 on Friday. American Airlines Group Inc. has a 12 month low of $10.86 and a 12 month high of $19.08. The stock has a market capitalization of $9.18 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 0.11 and a beta of 1.57. The business has a fifty day moving average price of $14.56 and a 200 day moving average price of $13.56.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, January 25th. The airline reported $0.29 EPS for the quarter, topping the consensus estimate of $0.11 by $0.18. The firm had revenue of $13.06 billion during the quarter, compared to analysts’ expectations of $13.01 billion. American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. American Airlines Group’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.17 EPS. On average, research analysts anticipate that American Airlines Group Inc. will post 2.45 earnings per share for the current year.

American Airlines Group Company 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.