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

American Airlines Group Inc. (NASDAQ:AAL) SVP Angela Owens sold 51,906 shares of the stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following the sale, the senior vice president now directly 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

American Airlines Group Trading Up 1.0 %

AAL stock opened at $17.33 on Thursday. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $19.10. The stock has a market cap of $11.39 billion, a PE ratio of 52.52, a P/E/G ratio of 0.97 and a beta of 1.35. The company has a 50-day moving average price of $16.88 and a 200 day moving average price of $13.38.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.47. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. Sell-side analysts forecast that American Airlines Group Inc. will post 1.73 EPS for the current year.

Institutional Trading of American Airlines Group

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Austin Private Wealth LLC bought a new position in American Airlines Group in the third quarter worth approximately $723,000. U S Global Investors Inc. grew its position in shares of American Airlines Group by 5.9% during the 3rd quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock worth $102,151,000 after buying an additional 508,119 shares in the last quarter. Centiva Capital LP increased its stake in shares of American Airlines Group by 199.9% during the third quarter. Centiva Capital LP now owns 149,304 shares of the airline’s stock valued at $1,678,000 after buying an additional 99,513 shares during the period. SG Americas Securities LLC raised its holdings in shares of American Airlines Group by 743.1% in the third quarter. SG Americas Securities LLC now owns 1,246,742 shares of the airline’s stock valued at $14,013,000 after acquiring an additional 1,098,865 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in American Airlines Group by 107.6% in the third quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock worth $17,084,000 after acquiring an additional 787,671 shares during the period. Hedge funds and other institutional investors own 52.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on AAL shares. TD Cowen raised shares of American Airlines Group from a “hold” rating to a “buy” rating and raised their target price for the company from $17.00 to $25.00 in a research note on Monday, January 6th. Citigroup raised their price objective on American Airlines Group from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Morgan Stanley boosted their target price on American Airlines Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 11th. Susquehanna raised their price target on American Airlines Group from $14.00 to $20.00 and gave the company a “neutral” rating in a report on Tuesday, January 7th. Finally, Melius Research raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Seven research analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $18.99.

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.