Nebula Research & Development LLC Invests $1.43 Million in American Airlines Group Inc. (NASDAQ:AAL)

Nebula Research & Development LLC purchased a new position in shares of American Airlines Group Inc. (NASDAQ:AAL) in the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 82,025 shares of the airline’s stock, valued at approximately $1,430,000.

Other institutional investors have also bought and sold shares of the company. Zacks Investment Management bought a new stake in shares of American Airlines Group in the 4th quarter worth $4,409,000. Raymond James Financial Inc. bought a new stake in American Airlines Group in the 4th quarter worth about $3,858,000. Decker Retirement Planning Inc. purchased a new stake in American Airlines Group in the 4th quarter valued at about $9,482,000. Amundi lifted its position in shares of American Airlines Group by 31,647.8% during the 4th quarter. Amundi now owns 426,691 shares of the airline’s stock worth $7,510,000 after buying an additional 425,347 shares in the last quarter. Finally, Contravisory Investment Management Inc. purchased a new position in shares of American Airlines Group in the 4th quarter worth approximately $689,000. Institutional investors own 52.44% of the company’s stock.

Insider Activity

In related news, SVP Angela Owens sold 51,906 shares of American Airlines Group stock in a transaction on Monday, January 27th. The shares were sold at an average price of $17.15, for a total value of $890,187.90. Following the transaction, the senior vice president now owns 112,412 shares in the company, valued at $1,927,865.80. This trade represents a 31.59 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on AAL shares. Barclays decreased their price target on American Airlines Group from $16.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. JPMorgan Chase & Co. decreased their price target on shares of American Airlines Group from $30.00 to $26.00 and set an “overweight” rating for the company in a research note on Monday, March 3rd. Redburn Atlantic upgraded American Airlines Group from a “neutral” rating to a “buy” rating and upped their price objective for the company from $18.00 to $24.00 in a research note on Wednesday, February 26th. Melius Research raised American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Finally, Citigroup lowered their target price on American Airlines Group from $21.50 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, American Airlines Group currently has an average rating of “Moderate Buy” and a consensus price target of $16.25.

American Airlines Group Stock Up 1.5 %

American Airlines Group stock opened at $9.75 on Friday. The stock has a market cap of $6.43 billion, a price-to-earnings ratio of 8.55, a PEG ratio of 0.21 and a beta of 1.17. The business has a 50-day simple moving average of $11.47 and a 200 day simple moving average of $14.22. 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 posted its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.10. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. The company had revenue of $12.55 billion for the quarter, compared to analysts’ expectations of $12.71 billion. On average, research analysts anticipate that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

American Airlines Group 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.