SilverOak Wealth Management LLC Takes Position in American Airlines Group Inc. (NASDAQ:AAL)

SilverOak Wealth Management LLC acquired a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 12,450 shares of the airline’s stock, valued at approximately $217,000.

A number of other institutional investors have also recently bought and sold shares of AAL. Primecap Management Co. CA lifted its position in shares of 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 worth $644,498,000 after buying an additional 458,310 shares during the last quarter. U S Global Investors Inc. lifted its position in shares of American Airlines Group by 5.9% in the third quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock worth $102,151,000 after buying an additional 508,119 shares during the last quarter. Principal Financial Group Inc. lifted its position in shares of American Airlines Group by 69.5% in the fourth quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline’s stock worth $44,892,000 after buying an additional 1,055,667 shares during the last quarter. Toronto Dominion Bank lifted its position in shares of American Airlines Group by 379.6% in the third quarter. Toronto Dominion Bank now owns 1,667,539 shares of the airline’s stock worth $18,743,000 after buying an additional 1,319,859 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new stake in shares of American Airlines Group in the fourth quarter worth about $26,033,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Price Performance

NASDAQ AAL opened at $16.08 on Wednesday. The firm has a market cap of $10.57 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 0.24 and a beta of 1.35. American Airlines Group Inc. has a one year low of $9.07 and a one year high of $19.10. The stock’s 50 day simple moving average is $17.23 and its 200 day simple moving average is $13.94.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate 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, equities analysts expect that American Airlines Group Inc. will post 2.39 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Barclays boosted their price target on American Airlines Group from $16.00 to $18.00 and gave the stock an “equal weight” rating in a research report on Friday, December 6th. UBS Group raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Citigroup boosted their price objective on American Airlines Group from $19.00 to $23.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. boosted their price objective on American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Evercore ISI boosted their price objective on American Airlines Group to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 9th. Seven investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and three have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.88.

Insider Activity

In other American Airlines Group news, CEO Robert D. Isom, Jr. sold 102,441 shares of American Airlines Group stock in a transaction dated 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 directly owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. The trade was a 3.34 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.15, for a total value of $890,187.90. Following the transaction, the senior vice president now owns 112,412 shares in the company, valued at approximately $1,927,865.80. This represents a 31.59 % 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 company 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.