Meitav Investment House Ltd. Acquires New Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Meitav Investment House Ltd. bought a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 77,693 shares of the airline’s stock, valued at approximately $1,366,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Golden State Wealth Management LLC purchased a new position in American Airlines Group in the fourth quarter valued at about $25,000. Brooklyn Investment Group grew its position in shares of American Airlines Group by 133.1% in the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after buying an additional 909 shares during the last quarter. Blue Trust Inc. raised its stake in shares of American Airlines Group by 56.2% during the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after acquiring an additional 911 shares in the last quarter. Bfsg LLC lifted its position in American Airlines Group by 269.3% during the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock valued at $36,000 after acquiring an additional 1,500 shares during the last quarter. Finally, Quent Capital LLC boosted its stake in American Airlines Group by 70.2% in the fourth quarter. Quent Capital LLC now owns 3,064 shares of the airline’s stock valued at $53,000 after acquiring an additional 1,264 shares in the last quarter. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group Stock Down 0.5 %

Shares of AAL opened at $16.00 on Thursday. The stock has a fifty day simple moving average of $17.17 and a two-hundred day simple moving average of $14.00. The company has a market capitalization of $10.51 billion, a PE ratio of 14.04, a price-to-earnings-growth ratio of 0.22 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.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, beating 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, equities analysts anticipate that American Airlines Group Inc. will post 2.39 earnings per share for the current fiscal year.

Insider Transactions 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 dated Monday, January 27th. The stock was 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 in the company, valued at $1,927,865.80. This represents a 31.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $17.21, for a total value of $1,763,009.61. Following the completion of the transaction, the chief executive officer now owns 2,967,984 shares of the company’s stock, valued at $51,079,004.64. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.49% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on AAL shares. The Goldman Sachs Group reiterated a “neutral” rating and set a $15.00 price objective on shares of American Airlines Group in a report on Friday, November 15th. StockNews.com raised American Airlines Group from a “hold” rating to a “buy” rating in a report on Wednesday, January 29th. Bank of America raised shares of American Airlines Group from an “underperform” rating to a “neutral” rating and increased their price objective for the company from $12.00 to $20.00 in a research report on Friday, January 17th. Barclays boosted their target price on shares of American Airlines Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. Finally, 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 note on Tuesday, February 4th. Seven analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $18.88.

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.