Ballentine Partners LLC Makes New Investment in American Airlines Group Inc. (NASDAQ:AAL)

Ballentine Partners LLC bought a new stake in American Airlines Group Inc. (NASDAQ:AAL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 10,679 shares of the airline’s stock, valued at approximately $186,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AAL. Dimensional Fund Advisors LP raised its holdings in American Airlines Group by 75.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after acquiring an additional 1,823,928 shares during the period. Assenagon Asset Management S.A. purchased a new stake in American Airlines Group during the 4th quarter worth about $26,033,000. Point72 DIFC Ltd bought a new position in American Airlines Group in the 3rd quarter worth about $16,490,000. Toronto Dominion Bank grew its holdings 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 valued at $18,743,000 after buying an additional 1,319,859 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of American Airlines Group by 10,997.9% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline’s stock valued at $13,118,000 after buying an additional 1,156,540 shares during the period. Institutional investors own 52.44% of the company’s stock.

Wall Street Analysts Forecast Growth

AAL has been the subject of several recent analyst reports. Bank of America raised shares of American Airlines Group from an “underperform” rating to a “neutral” rating and boosted their price objective for the company from $12.00 to $20.00 in a research note on Friday, January 17th. Seaport Res Ptn raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, December 5th. Susquehanna lifted their price objective on American Airlines Group from $14.00 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, January 7th. Jefferies Financial Group upgraded American Airlines Group from a “hold” rating to a “buy” rating and upped their target price for the stock from $12.00 to $20.00 in a research note on Monday, January 6th. Finally, Citigroup boosted their price objective on American Airlines Group from $19.00 to $23.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Eight research analysts have rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.99.

Insiders Place Their Bets

In other American Airlines Group news, 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 transaction, the chief executive officer now owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. This represents a 3.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.49% of the company’s stock.

American Airlines Group Price Performance

NASDAQ AAL opened at $16.96 on Friday. The business’s 50-day moving average is $16.71 and its 200 day moving average is $13.24. The stock has a market capitalization of $11.14 billion, a PE ratio of 51.40, a PEG ratio of 0.97 and a beta of 1.35. American Airlines Group Inc. has a 1 year low of $9.07 and a 1 year high of $19.10.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.47. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. As a group, equities research analysts anticipate that American Airlines Group Inc. will post 1.73 earnings per share for the current year.

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.