Janney Montgomery Scott LLC Boosts Position in American Airlines Group Inc. (NASDAQ:AAL)

Janney Montgomery Scott LLC raised its stake in American Airlines Group Inc. (NASDAQ:AAL) by 16.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,119 shares of the airline’s stock after purchasing an additional 2,295 shares during the period. Janney Montgomery Scott LLC’s holdings in American Airlines Group were worth $281,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Primecap Management Co. CA lifted its stake in American Airlines Group by 0.8% in the third quarter. Primecap Management Co. CA now owns 57,339,666 shares of the airline’s stock valued at $644,498,000 after buying an additional 458,310 shares during the last quarter. U S Global Investors Inc. raised its position in American Airlines Group by 5.9% in the 3rd quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock valued at $102,151,000 after purchasing an additional 508,119 shares during the last quarter. Toronto Dominion Bank boosted its stake 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 worth $18,743,000 after purchasing an additional 1,319,859 shares during the period. Principal Financial Group Inc. grew its position in American Airlines Group by 107.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock worth $17,084,000 after purchasing an additional 787,671 shares during the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of American Airlines Group in the fourth quarter valued at about $26,033,000. Hedge funds and other institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Down 1.3 %

American Airlines Group stock opened at $16.41 on Wednesday. The firm has a market capitalization of $10.78 billion, a PE ratio of 14.39, a P/E/G ratio of 0.24 and a beta of 1.35. American Airlines Group Inc. has a 52 week low of $9.07 and a 52 week high of $19.10. The firm’s 50-day simple moving average is $17.25 and its 200 day simple moving average is $13.75.

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 the consensus estimate 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, research analysts expect that American Airlines Group Inc. will post 2.39 EPS for the current fiscal year.

Insiders Place Their Bets

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction 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 of the company’s stock, valued at $51,079,004.64. This represents a 3.34 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, 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 completion of the sale, the senior vice president now directly owns 112,412 shares of the company’s stock, valued at approximately $1,927,865.80. This represents a 31.59 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on AAL shares. Raymond James restated an “outperform” rating and issued a $23.00 price target (down previously from $24.00) on shares of American Airlines Group in a research report on Friday, January 24th. Melius raised American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a report on Monday, January 6th. Evercore ISI increased their price target on American Airlines Group to $18.00 and gave the stock a “hold” rating in a report on Thursday, January 9th. Jefferies Financial Group raised shares of American Airlines Group from a “hold” rating to a “buy” rating and boosted their price objective for the company from $12.00 to $20.00 in a research note on Monday, January 6th. Finally, Bank of America upgraded shares of American Airlines Group from an “underperform” rating to a “neutral” rating and raised their target price for the stock from $12.00 to $20.00 in a research note on Friday, January 17th. Seven analysts have rated the stock with a hold rating, eleven have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, American Airlines Group has a consensus rating of “Moderate Buy” and an average price target of $18.88.

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.