Retirement Systems of Alabama Grows Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

Retirement Systems of Alabama boosted its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 0.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 799,016 shares of the airline’s stock after buying an additional 1,278 shares during the quarter. Retirement Systems of Alabama’s holdings in American Airlines Group were worth $13,927,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Assenagon Asset Management S.A. bought a new stake in shares of American Airlines Group in the 4th quarter worth about $26,033,000. Point72 DIFC Ltd bought a new stake in American Airlines Group in the third quarter worth about $16,490,000. Toronto Dominion Bank boosted its position in shares of American Airlines Group by 379.6% during the third quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock valued at $18,743,000 after buying an additional 1,319,859 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of American Airlines Group by 10,997.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline’s stock valued at $13,118,000 after buying an additional 1,156,540 shares during the last quarter. Finally, Principal Financial Group Inc. grew 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 buying an additional 787,671 shares during the last quarter. Institutional investors own 52.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on AAL shares. Jefferies Financial Group upgraded American Airlines Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $12.00 to $20.00 in a report on Monday, January 6th. Bank of America raised shares of American Airlines Group from an “underperform” rating to a “neutral” rating and boosted their target price for the company from $12.00 to $20.00 in a research note on Friday, January 17th. Sanford C. Bernstein raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $14.00 to $24.00 in a research note 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 for the company in a research report on Tuesday. Finally, Evercore ISI raised their target price on shares of American Airlines Group to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 9th. Seven equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, American Airlines Group presently has a consensus rating of “Moderate Buy” and an average price target of $18.88.

American Airlines Group Price Performance

AAL opened at $17.17 on Friday. The firm has a market capitalization of $11.28 billion, a PE ratio of 15.06, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. The business’s 50-day moving average is $17.16 and its two-hundred day moving average is $13.61. 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 quarterly earnings data 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%. As a group, sell-side analysts expect that American Airlines Group Inc. will post 2.39 EPS for the current year.

Insider Activity

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction that occurred 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 owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. This represents a 3.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Angela Owens sold 51,906 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now directly owns 112,412 shares of the company’s stock, valued at approximately $1,927,865.80. This represents a 31.59 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

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.