SilverOak Wealth Management LLC Makes New $217,000 Investment in American Airlines Group Inc. (NASDAQ:AAL)

SilverOak Wealth Management LLC purchased a new position in shares of American Airlines Group Inc. (NASDAQ:AAL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 12,450 shares of the airline’s stock, valued at approximately $217,000.

A number of other institutional investors have also recently bought and sold shares of the business. Bfsg LLC boosted its holdings in shares of American Airlines Group by 269.3% during the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock worth $36,000 after acquiring an additional 1,500 shares during the period. CIBC Asset Management Inc boosted its holdings in shares of American Airlines Group by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 19,987 shares of the airline’s stock worth $348,000 after acquiring an additional 981 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of American Airlines Group by 69.5% during the fourth quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline’s stock worth $44,892,000 after acquiring an additional 1,055,667 shares during the period. Allworth Financial LP boosted its stake in shares of American Airlines Group by 5.0% in the fourth quarter. Allworth Financial LP now owns 48,085 shares of the airline’s stock valued at $897,000 after buying an additional 2,289 shares during the period. Finally, Principal Securities Inc. boosted its stake in shares of American Airlines Group by 139.6% in the fourth quarter. Principal Securities Inc. now owns 3,261 shares of the airline’s stock valued at $57,000 after buying an additional 1,900 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Performance

Shares of NASDAQ:AAL opened at $16.08 on Wednesday. The company has a market capitalization of $10.57 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. American Airlines Group Inc. has a 52-week low of $9.07 and a 52-week high of $19.10. The company has a fifty day moving average of $17.23 and a 200-day moving average of $13.94.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. On average, equities analysts forecast that American Airlines Group Inc. will post 2.39 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AAL has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Barclays boosted their price target on American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. Bank of America upgraded American Airlines Group from an “underperform” rating to a “neutral” rating and boosted their price target for the company from $12.00 to $20.00 in a research note on Friday, January 17th. Melius upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research note on Monday, January 6th. Finally, Citigroup boosted their price objective on shares of American Airlines Group from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Seven 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 company’s stock. According to data from MarketBeat.com, American Airlines Group has an average rating of “Moderate Buy” and an average price target of $18.88.

Insider Activity at American Airlines Group

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction 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 owns 112,412 shares of the company’s stock, valued at approximately $1,927,865.80. This represents a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s 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 sale, the chief executive officer now directly owns 2,967,984 shares in the company, valued at $51,079,004.64. This trade represents a 3.34 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

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.