Friedenthal Financial Buys 44,113 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Friedenthal Financial raised its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 1,039.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 48,355 shares of the airline’s stock after acquiring an additional 44,113 shares during the period. Friedenthal Financial’s holdings in American Airlines Group were worth $843,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Caprock Group LLC acquired a new stake in shares of American Airlines Group in the second quarter valued at approximately $145,000. Quest Partners LLC raised its stake in American Airlines Group by 20,943.9% in the second quarter. Quest Partners LLC now owns 17,256 shares of the airline’s stock valued at $196,000 after purchasing an additional 17,174 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of American Airlines Group by 22.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 26,381 shares of the airline’s stock worth $299,000 after acquiring an additional 4,850 shares during the period. American Century Companies Inc. boosted its holdings in shares of American Airlines Group by 2.8% in the 2nd quarter. American Century Companies Inc. now owns 54,178 shares of the airline’s stock valued at $614,000 after purchasing an additional 1,468 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in American Airlines Group by 1,432.3% in the second quarter. Envestnet Asset Management Inc. now owns 597,368 shares of the airline’s stock valued at $6,768,000 after acquiring an additional 558,384 shares during the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

Insiders Place Their Bets

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction on Friday, December 27th. The shares were sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the transaction, the chief executive officer now directly owns 2,967,984 shares of the company’s stock, valued at $51,079,004.64. The trade was a 3.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.49% of the company’s stock.

American Airlines Group Stock Down 4.2 %

AAL traded down $0.78 during trading on Monday, hitting $17.60. The company’s stock had a trading volume of 27,842,071 shares, compared to its average volume of 27,265,273. The firm has a market capitalization of $11.57 billion, a P/E ratio of 53.33, a PEG ratio of 0.29 and a beta of 1.35. American Airlines Group Inc. has a twelve month low of $9.07 and a twelve month high of $18.45. The stock’s fifty day moving average price is $15.87 and its 200-day moving average price is $12.77.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The company had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. American Airlines Group’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.38 EPS. Equities research analysts expect that American Airlines Group Inc. will post 1.62 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the stock. Bank of America increased their target price on shares of American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a report on Friday, October 25th. Melius raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Monday, January 6th. Morgan Stanley increased their price target on American Airlines Group from $18.00 to $22.00 and gave the company an “overweight” rating in a research note on Wednesday, December 11th. Susquehanna boosted their price objective on American Airlines Group from $14.00 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 7th. Finally, UBS Group raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.42.

American Airlines Group 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.