Zacks Investment Management Invests $4.41 Million in American Airlines Group Inc. (NASDAQ:AAL)

Zacks Investment Management acquired a new stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 252,980 shares of the airline's stock, valued at approximately $4,409,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Golden State Wealth Management LLC purchased a new stake in shares of American Airlines Group during the 4th quarter worth approximately $25,000. Brooklyn Investment Group grew its holdings 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 worth $28,000 after purchasing an additional 909 shares during the last quarter. Bfsg LLC increased its position in shares of American Airlines Group by 269.3% during the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline's stock worth $36,000 after purchasing an additional 1,500 shares in the last quarter. Bernard Wealth Management Corp. purchased a new stake in shares of American Airlines Group in the 4th quarter valued at about $42,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of American Airlines Group in the 4th quarter valued at about $45,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Price Performance

Shares of NASDAQ:AAL traded up $0.13 during trading on Wednesday, reaching $9.44. 38,727,360 shares of the company's stock traded hands, compared to its average volume of 38,280,659. The company has a 50 day moving average of $11.85 and a 200-day moving average of $14.28. American Airlines Group Inc. has a 12 month low of $8.50 and a 12 month high of $19.10. The stock has a market capitalization of $6.21 billion, a P/E ratio of 8.28, a price-to-earnings-growth ratio of 0.21 and a beta of 1.17.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly 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 negative return on equity of 28.56% and a net margin of 1.56%. Equities research analysts predict that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

Insider Activity

In other news, SVP Angela Owens sold 51,906 shares of the business's stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $17.15, for a total transaction of $890,187.90. Following the completion of 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.49% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AAL. Redburn Partners upgraded shares of American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 target price on the stock in a research report on Wednesday, February 26th. Susquehanna decreased their target price on shares of American Airlines Group from $18.00 to $10.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. The Goldman Sachs Group cut American Airlines Group from a "neutral" rating to a "sell" rating and decreased their price objective for the stock from $16.00 to $8.00 in a research report on Tuesday, April 8th. StockNews.com cut shares of American Airlines Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. Finally, UBS Group reduced their target price on shares of American Airlines Group from $13.00 to $9.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $16.95.

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.