State of New Jersey Common Pension Fund D Boosts Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

State of New Jersey Common Pension Fund D boosted its holdings in American Airlines Group Inc. (NASDAQ:AALGet Rating) by 16.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 169,584 shares of the airline’s stock after buying an additional 23,908 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in American Airlines Group were worth $2,042,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AAL. Renaissance Technologies LLC increased its holdings in American Airlines Group by 223.8% in the second quarter. Renaissance Technologies LLC now owns 7,948,300 shares of the airline’s stock valued at $100,784,000 after buying an additional 5,493,500 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in American Airlines Group by 502.0% in the first quarter. The Manufacturers Life Insurance Company now owns 2,986,179 shares of the airline’s stock valued at $54,498,000 after buying an additional 2,490,121 shares during the last quarter. Invesco Ltd. increased its holdings in American Airlines Group by 23.6% in the first quarter. Invesco Ltd. now owns 7,247,250 shares of the airline’s stock valued at $132,261,000 after buying an additional 1,382,569 shares during the last quarter. Vanguard Group Inc. increased its holdings in American Airlines Group by 1.7% in the first quarter. Vanguard Group Inc. now owns 69,272,683 shares of the airline’s stock valued at $1,264,227,000 after buying an additional 1,126,106 shares during the last quarter. Finally, Pacer Advisors Inc. increased its holdings in American Airlines Group by 78,430.8% in the third quarter. Pacer Advisors Inc. now owns 812,008 shares of the airline’s stock valued at $9,777,000 after buying an additional 810,974 shares during the last quarter. Hedge funds and other institutional investors own 54.84% of the company’s stock.

Analyst Ratings Changes

AAL has been the topic of several recent analyst reports. Barclays dropped their target price on American Airlines Group from $17.00 to $14.00 in a report on Wednesday, October 12th. Morgan Stanley dropped their price objective on American Airlines Group from $22.00 to $19.00 and set an “equal weight” rating on the stock in a report on Monday, December 5th. Bank of America dropped their price objective on American Airlines Group from $8.00 to $7.00 and set an “underperform” rating on the stock in a report on Thursday, October 6th. Deutsche Bank Aktiengesellschaft dropped their price objective on American Airlines Group from $25.00 to $20.00 in a report on Tuesday, December 20th. Finally, The Goldman Sachs Group initiated coverage on American Airlines Group in a report on Friday, December 16th. They set a “neutral” rating and a $13.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $17.50.

American Airlines Group Trading Down 2.2 %

Shares of American Airlines Group stock opened at $16.28 on Friday. American Airlines Group Inc. has a 12-month low of $11.65 and a 12-month high of $21.42. The stock has a market cap of $10.58 billion, a PE ratio of -6.29 and a beta of 1.47. The company has a 50-day moving average of $14.06 and a two-hundred day moving average of $13.89.

American Airlines Group (NASDAQ:AALGet Rating) last issued its earnings results on Thursday, October 20th. The airline reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.15. The company had revenue of $13.46 billion during the quarter, compared to analysts’ expectations of $13.46 billion. During the same period last year, the business posted ($0.99) earnings per share. The company’s quarterly revenue was up 50.1% on a year-over-year basis. On average, sell-side analysts forecast that American Airlines Group Inc. will post -0.18 EPS for the current fiscal year.

Insider Transactions at American Airlines Group

In other news, EVP Vasu Raja sold 12,775 shares of the firm’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $13.84, for a total transaction of $176,806.00. Following the completion of the transaction, the executive vice president now directly owns 54,381 shares of the company’s stock, valued at approximately $752,633.04. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.78% of the company’s stock.

American Airlines Group Company Profile

(Get Rating)

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, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

See Also

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Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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