Trexquant Investment LP Makes New $14.89 Million Investment in American Airlines Group Inc. (NASDAQ:AAL)

Trexquant Investment LP bought a new stake in American Airlines Group Inc. (NASDAQ:AAL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 854,395 shares of the airline’s stock, valued at approximately $14,892,000.

A number of other large investors also recently made changes to their positions in the company. National Bank of Canada FI lifted its position in shares of American Airlines Group by 2,429.6% during the 4th quarter. National Bank of Canada FI now owns 1,004,071 shares of the airline’s stock worth $17,501,000 after buying an additional 964,378 shares in the last quarter. Alliancebernstein L.P. increased its position in shares of American Airlines Group by 1.7% during the fourth quarter. Alliancebernstein L.P. now owns 990,997 shares of the airline’s stock valued at $17,273,000 after acquiring an additional 16,509 shares during the last quarter. O Shaughnessy Asset Management LLC lifted its holdings in American Airlines Group by 11.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 17,600 shares of the airline’s stock worth $307,000 after acquiring an additional 1,860 shares during the period. California Public Employees Retirement System boosted its position in American Airlines Group by 14.5% in the fourth quarter. California Public Employees Retirement System now owns 1,094,906 shares of the airline’s stock worth $19,084,000 after purchasing an additional 138,839 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership bought a new position in American Airlines Group in the 4th quarter valued at $40,333,000. 52.44% of the stock is owned by institutional investors.

Insider Activity at American Airlines Group

In other news, SVP Angela Owens sold 51,906 shares of the firm’s 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 sale, the senior vice president now owns 112,412 shares in the company, valued at approximately $1,927,865.80. This trade represents a 31.59 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.49% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AAL has been the topic of a number of recent analyst reports. Raymond James reiterated an “outperform” rating and set a $23.00 target price (down from $24.00) on shares of American Airlines Group in a research note on Friday, January 24th. Seaport Res Ptn raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. UBS Group raised shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. Citigroup lowered their price target on shares of American Airlines Group from $21.50 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. Finally, Jefferies Financial Group reissued a “hold” rating and set a $12.00 price objective (down from $20.00) on shares of American Airlines Group in a report on Tuesday. Eight research 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. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $18.90.

American Airlines Group Price Performance

AAL opened at $10.30 on Wednesday. American Airlines Group Inc. has a one year low of $9.07 and a one year high of $19.10. The firm has a market capitalization of $6.77 billion, a P/E ratio of 9.04, a price-to-earnings-growth ratio of 0.21 and a beta of 1.27. The company has a fifty day moving average price of $14.31 and a 200-day moving average price of $14.49.

American Airlines Group (NASDAQ:AAL) last announced its 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%. On average, analysts expect 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.