Prudential Financial Inc. Boosts Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Prudential Financial Inc. increased its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 28.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 202,575 shares of the airline’s stock after buying an additional 44,462 shares during the quarter. Prudential Financial Inc.’s holdings in American Airlines Group were worth $3,531,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Avantax Advisory Services Inc. lifted its stake in shares of American Airlines Group by 4.5% in the 4th quarter. Avantax Advisory Services Inc. now owns 14,751 shares of the airline’s stock valued at $257,000 after purchasing an additional 635 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its position in American Airlines Group by 0.6% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 133,774 shares of the airline’s stock valued at $2,332,000 after buying an additional 774 shares during the last quarter. M&T Bank Corp boosted its stake in American Airlines Group by 2.4% during the fourth quarter. M&T Bank Corp now owns 34,525 shares of the airline’s stock worth $602,000 after buying an additional 794 shares during the period. Brooklyn Investment Group increased its position in shares of American Airlines Group by 133.1% during the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after acquiring an additional 909 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in shares of American Airlines Group by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 19,987 shares of the airline’s stock valued at $348,000 after acquiring an additional 981 shares during the period. 52.44% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Trading Down 2.4 %

AAL stock opened at $10.30 on Wednesday. The stock has a market cap of $6.77 billion, a P/E ratio of 9.04, a PEG ratio of 0.21 and a beta of 1.27. American Airlines Group Inc. has a twelve month low of $9.07 and a twelve month high of $19.10. The company’s 50 day moving average is $14.31 and its two-hundred day moving average is $14.49.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results 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 net margin of 1.56% and a negative return on equity of 28.56%. On average, equities research analysts predict that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Scotiabank upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 target price for the company in a report on Thursday, December 5th. TD Cowen lifted their price objective on American Airlines Group to $26.00 and gave the company a “buy” rating in a research note on Thursday, March 13th. Jefferies Financial Group reissued a “hold” rating and set a $12.00 target price (down previously from $20.00) on shares of American Airlines Group in a research note on Tuesday. Barclays dropped their target price on American Airlines Group from $18.00 to $16.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 12th. Finally, Bank of America cut their price target on shares of American Airlines Group from $20.00 to $16.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Eight research 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, the company has an average rating of “Moderate Buy” and an average price target of $18.90.

Insider Buying and Selling

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction 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 transaction, the senior vice president now directly owns 112,412 shares in the company, valued at approximately $1,927,865.80. The trade was a 31.59 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.49% of the stock is currently owned by company insiders.

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.