American Airlines Group Inc. (NASDAQ:AAL) SVP Angela Owens Sells 51,906 Shares

American Airlines Group Inc. (NASDAQ:AAL) SVP Angela Owens sold 51,906 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $17.15, for a total transaction 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

American Airlines Group Stock Down 0.3 %

NASDAQ:AAL opened at $17.15 on Wednesday. American Airlines Group Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $19.10. The stock has a market cap of $11.27 billion, a PE ratio of 51.97, a price-to-earnings-growth ratio of 0.97 and a beta of 1.35. The firm’s fifty day simple moving average is $16.82 and its 200-day simple moving average is $13.35.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. Equities analysts anticipate that American Airlines Group Inc. will post 1.73 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Melius upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Monday, January 6th. Raymond James restated an “outperform” rating and set a $23.00 price objective (down previously from $24.00) on shares of American Airlines Group in a research report on Friday, January 24th. Jefferies Financial Group upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and boosted their price objective for the stock from $12.00 to $20.00 in a research report on Monday, January 6th. The Goldman Sachs Group restated a “neutral” rating and set a $15.00 price objective on shares of American Airlines Group in a research report on Friday, November 15th. Finally, Sanford C. Bernstein upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $14.00 to $24.00 in a research report on Tuesday, December 10th. Seven research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.99.

Hedge Funds Weigh In On American Airlines Group

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. American Century Companies Inc. grew its stake in 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 acquiring an additional 1,468 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in American Airlines Group by 1,432.3% in the 2nd 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. Dimensional Fund Advisors LP grew its stake in American Airlines Group by 75.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after acquiring an additional 1,823,928 shares during the last quarter. Public Sector Pension Investment Board grew its stake in American Airlines Group by 13.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 111,224 shares of the airline’s stock valued at $1,260,000 after acquiring an additional 13,177 shares during the last quarter. Finally, Toronto Dominion Bank grew its stake in American Airlines Group by 71.7% in the 2nd quarter. Toronto Dominion Bank now owns 347,680 shares of the airline’s stock valued at $3,939,000 after acquiring an additional 145,164 shares during the last quarter. 52.44% of the stock is owned by institutional investors and hedge funds.

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.