QRG Capital Management Inc. Has $1.11 Million Holdings in American Airlines Group Inc. (NASDAQ:AAL)

QRG Capital Management Inc. raised its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 11.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 63,568 shares of the airline’s stock after purchasing an additional 6,696 shares during the period. QRG Capital Management Inc.’s holdings in American Airlines Group were worth $1,108,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Austin Private Wealth LLC purchased a new stake in shares of American Airlines Group in the third quarter valued at about $723,000. Centiva Capital LP grew its position in American Airlines Group by 199.9% in the 3rd quarter. Centiva Capital LP now owns 149,304 shares of the airline’s stock worth $1,678,000 after purchasing an additional 99,513 shares in the last quarter. Principal Financial Group Inc. increased its stake in American Airlines Group by 107.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock valued at $17,084,000 after buying an additional 787,671 shares during the last quarter. Primecap Management Co. CA boosted its stake in shares of American Airlines Group by 0.8% in the 3rd 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. Finally, Banco Santander S.A. bought a new position in shares of American Airlines Group in the third quarter valued at approximately $672,000. 52.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

AAL has been the topic of a number of recent analyst reports. Redburn Partners upgraded American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Wednesday, February 26th. Redburn Atlantic raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $18.00 to $24.00 in a report on Wednesday, February 26th. Raymond James restated an “outperform” rating and set a $23.00 price objective (down previously from $24.00) on shares of American Airlines Group in a report on Friday, January 24th. The Goldman Sachs Group reiterated a “neutral” rating and issued a $15.00 target price on shares of American Airlines Group in a research note on Friday, November 15th. Finally, Bank of America raised shares of American Airlines Group from an “underperform” rating to a “neutral” rating and increased their target price for the company from $12.00 to $20.00 in a research report on Friday, January 17th. Six analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and three have given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.70.

American Airlines Group Price Performance

Shares of NASDAQ:AAL opened at $13.87 on Tuesday. The firm has a fifty day moving average price of $16.87 and a two-hundred day moving average price of $14.33. The company has a market cap of $9.12 billion, a price-to-earnings ratio of 12.17, a PEG ratio of 0.21 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.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, January 23rd. The airline reported $0.86 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%. Equities research analysts expect that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

Insider Transactions at American Airlines Group

In related news, CEO Robert D. Isom, Jr. sold 102,441 shares of the company’s stock in a transaction on 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 completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Angela Owens sold 51,906 shares of the firm’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of $17.15, for a total value of $890,187.90. Following the sale, the senior vice president now owns 112,412 shares in the company, valued at $1,927,865.80. The trade was a 31.59 % decrease in their position. The disclosure for this sale can be found here. 0.49% of the stock is owned by insiders.

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.