Harvest Fund Management Co. Ltd Invests $45,000 in American Airlines Group Inc. (NASDAQ:AAL)

Harvest Fund Management Co. Ltd purchased a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,563 shares of the airline’s stock, valued at approximately $45,000.

A number of other institutional investors and hedge funds have also modified their holdings of AAL. Primecap Management Co. CA increased its holdings in shares of American Airlines Group by 5.0% during the fourth quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline’s stock worth $1,049,734,000 after buying an additional 2,886,041 shares in the last quarter. Principal Financial Group Inc. lifted its stake in shares of American Airlines Group by 69.5% in the 4th quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline’s stock valued at $44,892,000 after purchasing an additional 1,055,667 shares during the period. Toronto Dominion Bank boosted its holdings in American Airlines Group by 379.6% during 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. Assenagon Asset Management S.A. bought a new position in American Airlines Group during the 4th quarter worth approximately $26,033,000. Finally, Point72 DIFC Ltd bought a new position in shares of American Airlines Group during the third quarter worth $16,490,000. 52.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of the company’s stock in a transaction that occurred 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 transaction, the senior vice president now directly owns 112,412 shares in the company, valued at approximately $1,927,865.80. This represents a 31.59 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction of $1,763,009.61. Following the transaction, the chief executive officer now directly owns 2,967,984 shares of the company’s stock, valued at $51,079,004.64. The trade was a 3.34 % decrease in their position. The disclosure for this sale can be found here. Insiders own 0.49% of the company’s stock.

Analysts Set New Price Targets

AAL has been the topic of a number of research reports. Scotiabank upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price target for the company in a report on Thursday, December 5th. UBS Group raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Bank of America reduced their price target on American Airlines Group from $20.00 to $16.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Citigroup reduced their price objective on American Airlines Group from $21.50 to $20.00 and set a “buy” rating for the company in a report on Tuesday, March 18th. Finally, Jefferies Financial Group upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and upped their price target for the company from $12.00 to $20.00 in a research note on Monday, January 6th. Seven analysts have rated the stock with a hold rating, twelve have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $19.30.

American Airlines Group Trading Up 1.2 %

Shares of American Airlines Group stock opened at $11.39 on Monday. The firm has a market capitalization of $7.49 billion, a PE ratio of 9.99, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27. The firm’s 50 day moving average is $15.31 and its 200 day moving average is $14.48. American Airlines Group Inc. has a 1 year low of $9.07 and a 1 year high of $19.10.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results 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 net margin of 1.56% and a negative return on equity of 28.56%. As a group, research analysts anticipate that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

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.