Rockefeller Capital Management L.P. Purchases 1,037,617 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Rockefeller Capital Management L.P. boosted its position in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 3,191.2% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,070,132 shares of the airline's stock after purchasing an additional 1,037,617 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.16% of American Airlines Group worth $18,652,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sterling Capital Management LLC lifted its holdings in American Airlines Group by 53.1% in the fourth quarter. Sterling Capital Management LLC now owns 36,762 shares of the airline's stock worth $641,000 after purchasing an additional 12,748 shares during the period. Quinn Opportunity Partners LLC bought a new position in shares of American Airlines Group in the fourth quarter valued at approximately $872,000. Kennedy Capital Management LLC acquired a new position in shares of American Airlines Group during the fourth quarter valued at approximately $2,222,000. Treasurer of the State of North Carolina raised its holdings in American Airlines Group by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 287,811 shares of the airline's stock worth $5,017,000 after purchasing an additional 1,800 shares in the last quarter. Finally, LSV Asset Management lifted its position in American Airlines Group by 13.0% in the fourth quarter. LSV Asset Management now owns 651,907 shares of the airline's stock worth $11,363,000 after purchasing an additional 75,000 shares during the period. 52.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have recently commented on AAL. TD Cowen boosted their price objective on American Airlines Group to $26.00 and gave the stock a "buy" rating in a research note on Thursday, March 13th. Barclays dropped their price target on shares of American Airlines Group from $16.00 to $11.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 8th. Redburn Partners raised shares of American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 price objective on the stock in a research note on Wednesday, February 26th. Jefferies Financial Group reiterated a "hold" rating and issued a $12.00 target price (down from $20.00) on shares of American Airlines Group in a report on Tuesday, April 1st. Finally, JPMorgan Chase & Co. reduced their target price on shares of American Airlines Group from $30.00 to $26.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eleven have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, American Airlines Group currently has a consensus rating of "Moderate Buy" and a consensus price target of $16.95.

Insider Transactions at American Airlines Group

In other news, SVP Angela Owens sold 51,906 shares of the stock in a transaction on Monday, January 27th. The shares were sold at an average price of $17.15, for a total transaction of $890,187.90. Following 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 SEC, which can be accessed through this hyperlink. Company insiders own 0.49% of the company's stock.

American Airlines Group Price Performance

American Airlines Group stock traded up $0.04 during trading hours on Friday, hitting $9.46. The company had a trading volume of 53,525,261 shares, compared to its average volume of 38,037,256. American Airlines Group Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $19.10. The firm has a market capitalization of $6.22 billion, a P/E ratio of 8.30, a price-to-earnings-growth ratio of 0.21 and a beta of 1.17. The firm's fifty day moving average is $12.12 and its 200-day moving average is $14.33.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted 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 net margin of 1.56% and a negative return on equity of 28.56%. Analysts anticipate that American Airlines Group Inc. will post 2.42 earnings per share for the current 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.