American Airlines Group Inc. (NASDAQ:AAL) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System lifted its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 14.5% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,094,906 shares of the airline’s stock after acquiring an additional 138,839 shares during the quarter. California Public Employees Retirement System’s holdings in American Airlines Group were worth $19,084,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Avantax Advisory Services Inc. raised its holdings in shares of American Airlines Group by 4.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 14,751 shares of the airline’s stock valued at $257,000 after acquiring an additional 635 shares during the period. Oregon Public Employees Retirement Fund raised its stake in American Airlines Group by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 133,774 shares of the airline’s stock valued at $2,332,000 after purchasing an additional 774 shares during the period. M&T Bank Corp lifted its holdings in shares of American Airlines Group by 2.4% in the fourth quarter. M&T Bank Corp now owns 34,525 shares of the airline’s stock valued at $602,000 after purchasing an additional 794 shares in the last quarter. Brooklyn Investment Group boosted its position in shares of American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock worth $28,000 after buying an additional 909 shares during the period. Finally, CIBC Asset Management Inc grew its holdings in shares of American Airlines Group by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 19,987 shares of the airline’s stock valued at $348,000 after buying an additional 981 shares in the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Price Performance

AAL stock opened at $9.42 on Friday. The stock has a market capitalization of $6.19 billion, a price-to-earnings ratio of 8.26, a price-to-earnings-growth ratio of 0.21 and a beta of 1.17. The company has a 50-day moving average of $13.85 and a two-hundred day moving average of $14.42. American Airlines Group Inc. has a 52-week low of $8.50 and a 52-week high of $19.10.

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

Insider Buying and Selling

In related news, SVP Angela Owens sold 51,906 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was sold at an average price of $17.15, for a total transaction of $890,187.90. Following the transaction, the senior vice president now directly owns 112,412 shares in the company, valued at $1,927,865.80. The trade was a 31.59 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.49% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. UBS Group upgraded American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 10th. StockNews.com downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th. 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. Barclays lowered their price target on shares of American Airlines Group from $18.00 to $16.00 and set an “equal weight” rating on the stock in a report on Wednesday, March 12th. Finally, Bank of America cut their price objective on American Airlines Group from $16.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday. Eight equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, American Airlines Group currently has a consensus rating of “Moderate Buy” and an average target price of $18.30.

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.