Oregon Public Employees Retirement Fund Buys 774 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Oregon Public Employees Retirement Fund increased its stake in American Airlines Group Inc. (NASDAQ:AAL) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 133,774 shares of the airline’s stock after purchasing an additional 774 shares during the quarter. Oregon Public Employees Retirement Fund’s holdings in American Airlines Group were worth $2,332,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Los Angeles Capital Management LLC purchased a new position in shares of American Airlines Group during the 4th quarter valued at $1,849,000. Asset Advisors Investment Management LLC bought a new position in shares of American Airlines Group during the fourth quarter valued at about $541,000. ING Groep NV purchased a new position in shares of American Airlines Group during the fourth quarter valued at about $3,854,000. Truxt Investmentos Ltda. purchased a new stake in American Airlines Group in the fourth quarter worth about $3,035,000. Finally, Meitav Investment House Ltd. purchased a new stake in American Airlines Group in the fourth quarter worth about $1,366,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at American Airlines Group

In other news, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of $17.15, for a total value of $890,187.90. Following the completion of 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now directly 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. 0.49% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AAL shares. Raymond James reiterated an “outperform” rating and set a $23.00 price target (down previously from $24.00) on shares of American Airlines Group in a report on Friday, January 24th. Barclays increased their price objective on shares of American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research report on Friday, December 6th. StockNews.com upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating in a research report on Wednesday, January 29th. UBS Group upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Bank of America upgraded shares of American Airlines Group from an “underperform” rating to a “neutral” rating and increased their price target for the stock from $12.00 to $20.00 in a research report on Friday, January 17th. Six equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, American Airlines Group has a consensus rating of “Moderate Buy” and a consensus target price of $19.40.

American Airlines Group Stock Down 4.3 %

American Airlines Group stock opened at $14.53 on Friday. The company’s 50-day moving average price is $17.03 and its 200-day moving average price is $14.20. American Airlines Group Inc. has a twelve month low of $9.07 and a twelve month high of $19.10. The company has a market cap of $9.55 billion, a PE ratio of 12.75, a price-to-earnings-growth ratio of 0.21 and a beta of 1.35.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates 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 2.42 earnings per share for the current fiscal year.

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.