Principal Securities Inc. Has $57,000 Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Principal Securities Inc. boosted its stake in American Airlines Group Inc. (NASDAQ:AAL) by 139.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,261 shares of the airline’s stock after purchasing an additional 1,900 shares during the period. Principal Securities Inc.’s holdings in American Airlines Group were worth $57,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Golden State Wealth Management LLC acquired a new position in shares of American Airlines Group in the 4th quarter worth approximately $25,000. Brooklyn Investment Group raised its stake in American Airlines Group by 133.1% during the fourth 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. lifted its holdings in American Airlines Group by 56.2% in the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after buying an additional 911 shares during the period. Quent Capital LLC boosted its position in American Airlines Group by 70.2% during 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 during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in American Airlines Group during the 3rd quarter worth about $55,000. 52.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AAL has been the topic of a number of recent analyst reports. The Goldman Sachs Group reissued a “neutral” rating and issued a $15.00 price objective on shares of American Airlines Group in a research note on Friday, November 15th. Barclays boosted their price target on American Airlines Group from $16.00 to $18.00 and gave the company an “equal weight” rating in a research note on Friday, December 6th. UBS Group upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, December 10th. Scotiabank upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price objective for the company in a research note on Thursday, December 5th. Finally, Seaport Res Ptn raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, December 5th. Six research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $19.40.

American Airlines Group Stock Down 4.3 %

Shares of American Airlines Group stock opened at $14.53 on Friday. American Airlines Group Inc. has a 52 week low of $9.07 and a 52 week high of $19.10. The business has a 50 day moving average price of $17.03 and a 200-day moving average price of $14.20. 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 released its quarterly earnings results on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, beating analysts’ consensus estimates 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%. As a group, research analysts anticipate that American Airlines Group Inc. will post 2.42 EPS for the current year.

Insider Activity

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction on Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the completion of the transaction, 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 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 shares were sold at an average price of $17.21, for a total value of $1,763,009.61. Following the sale, the chief executive officer now directly owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. This represents 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 currently owned by corporate insiders.

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.