Contravisory Investment Management Inc. Makes New $689,000 Investment in American Airlines Group Inc. (NASDAQ:AAL)

Contravisory Investment Management Inc. purchased a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL) in the 4th quarter, HoldingsChannel reports. The institutional investor purchased 39,526 shares of the airline’s stock, valued at approximately $689,000.

Other hedge funds have also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its stake in shares of American Airlines Group by 75.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock worth $48,047,000 after acquiring an additional 1,823,928 shares in the last quarter. Assenagon Asset Management S.A. acquired a new position in American Airlines Group during the fourth quarter valued at approximately $26,033,000. Point72 DIFC Ltd bought a new position in shares of American Airlines Group in the third quarter valued at approximately $16,490,000. Toronto Dominion Bank lifted its stake 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, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in shares of American Airlines Group by 10,997.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,167,056 shares of the airline’s stock worth $13,118,000 after buying an additional 1,156,540 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Down 0.8 %

Shares of AAL stock opened at $18.07 on Thursday. The firm has a market cap of $11.87 billion, a price-to-earnings ratio of 54.76, a PEG ratio of 0.29 and a beta of 1.35. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $18.56. The stock has a 50-day moving average price of $16.15 and a 200 day moving average price of $12.90.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, topping the consensus estimate of $0.16 by $0.14. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The business had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.50 billion. During the same quarter last year, the business posted $0.38 EPS. The firm’s revenue was up 1.2% compared to the same quarter last year. Sell-side analysts predict that American Airlines Group Inc. will post 1.62 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on AAL shares. Barclays boosted their target price on shares of 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. Jefferies Financial Group upgraded American Airlines Group from a “hold” rating to a “buy” rating and increased their target price for the company from $12.00 to $20.00 in a research note on Monday, January 6th. JPMorgan Chase & Co. upped their price target on American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Melius raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Monday, January 6th. Finally, Melius Research upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $18.42.

Insider Transactions at American Airlines Group

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $17.21, for a total value of $1,763,009.61. Following the sale, the chief executive officer now directly owns 2,967,984 shares of the company’s stock, valued at approximately $51,079,004.64. This represents a 3.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is owned by 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.