Gateway Investment Advisers LLC Has $8.32 Million Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

Gateway Investment Advisers LLC increased its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 869.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 477,255 shares of the airline’s stock after acquiring an additional 428,040 shares during the period. Gateway Investment Advisers LLC’s holdings in American Airlines Group were worth $8,319,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of AAL. Contravisory Investment Management Inc. bought a new position in American Airlines Group during the 4th quarter valued at about $689,000. Assenagon Asset Management S.A. acquired a new stake in shares of American Airlines Group during the fourth quarter worth approximately $26,033,000. Friedenthal Financial boosted its holdings in shares of American Airlines Group by 1,039.9% in the 4th quarter. Friedenthal Financial now owns 48,355 shares of the airline’s stock worth $843,000 after acquiring an additional 44,113 shares in the last quarter. Cooper Financial Group bought a new stake in American Airlines Group during the 4th quarter worth approximately $181,000. Finally, Strathmore Capital Advisors Inc. acquired a new stake in American Airlines Group during the 4th quarter valued at $351,000. 52.44% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Scotiabank raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $20.00 price objective on the stock in a research note on Thursday, December 5th. Melius upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Monday, January 6th. Citigroup raised their price objective on shares of American Airlines Group from $19.00 to $23.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Seaport Res Ptn upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, December 5th. Finally, StockNews.com raised shares of American Airlines Group from a “hold” rating to a “buy” rating in a report on Monday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, twelve have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $18.42.

American Airlines Group Price Performance

American Airlines Group stock opened at $18.29 on Friday. American Airlines Group Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $18.56. The firm has a market capitalization of $12.02 billion, a price-to-earnings ratio of 55.43, a PEG ratio of 0.21 and a beta of 1.35. The company’s 50 day simple moving average is $16.24 and its 200 day simple moving average is $12.94.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.14. The company had revenue of $13.65 billion during the quarter, compared to analyst estimates of $13.50 billion. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The firm’s revenue was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.38 EPS. As a group, analysts predict that American Airlines Group Inc. will post 1.7 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the stock in a transaction on Friday, December 27th. The shares were sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the completion of the sale, the chief executive officer now owns 2,967,984 shares of the company’s stock, valued at $51,079,004.64. This represents 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 available at this hyperlink. Corporate insiders own 0.49% of the company’s stock.

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.