Fox Run Management L.L.C. Grows Position in American Airlines Group Inc. (NASDAQ:AAL)

Fox Run Management L.L.C. lifted its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 44.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 66,068 shares of the airline’s stock after purchasing an additional 20,379 shares during the quarter. Fox Run Management L.L.C.’s holdings in American Airlines Group were worth $1,152,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of AAL. Primecap Management Co. CA grew its holdings in shares of American Airlines Group by 5.0% during the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline’s stock worth $1,049,734,000 after purchasing an additional 2,886,041 shares during the period. Assenagon Asset Management S.A. acquired a new position in American Airlines Group during the 4th quarter worth about $26,033,000. Point72 DIFC Ltd acquired a new position in American Airlines Group during the 3rd quarter worth about $16,490,000. Toronto Dominion Bank lifted its stake in American Airlines Group by 379.6% during the 3rd quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock worth $18,743,000 after acquiring an additional 1,319,859 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its stake in American Airlines Group by 69.5% during the 4th 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 in the last quarter. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at American Airlines Group

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of the firm’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 transaction, 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 position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm’s stock in a transaction on Friday, December 27th. The stock was 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 in the company, valued at $51,079,004.64. The trade was a 3.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.49% of the stock is owned by company insiders.

American Airlines Group Stock Performance

Shares of NASDAQ AAL opened at $11.39 on Friday. American Airlines Group Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $19.10. The firm has a market capitalization of $7.49 billion, a PE ratio of 9.99, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27. The stock’s 50-day simple moving average is $15.31 and its 200-day simple moving average is $14.46.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, topping the consensus estimate 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, sell-side analysts forecast that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. TD Cowen increased their target price on American Airlines Group to $26.00 and gave the stock a “buy” rating in a research note on Thursday, March 13th. Citigroup decreased their target price on American Airlines Group from $21.50 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Redburn Partners raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Wednesday, February 26th. Jefferies Financial Group raised American Airlines Group from a “hold” rating to a “buy” rating and increased their target price for the stock from $12.00 to $20.00 in a research note on Monday, January 6th. Finally, Morgan Stanley increased their target price on American Airlines Group from $18.00 to $22.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 11th. Seven equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $19.30.

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.