Caxton Associates LP acquired a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 102,829 shares of the airline's stock, valued at approximately $1,792,000.
A number of other large investors have also bought and sold shares of AAL. Primecap Management Co. CA raised its stake in American Airlines Group by 5.0% in the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline's stock valued at $1,049,734,000 after acquiring an additional 2,886,041 shares during the period. Arrowstreet Capital Limited Partnership purchased a new position in shares of American Airlines Group in the fourth quarter worth about $40,333,000. Alyeska Investment Group L.P. bought a new stake in shares of American Airlines Group in the fourth quarter valued at approximately $35,141,000. Assenagon Asset Management S.A. purchased a new stake in shares of American Airlines Group during the 4th quarter valued at approximately $26,033,000. Finally, Norges Bank bought a new position in American Airlines Group in the 4th quarter worth approximately $20,696,000. 52.44% of the stock is owned by hedge funds and other institutional investors.
American Airlines Group Stock Up 4.9 %
Shares of American Airlines Group stock opened at $10.52 on Monday. The company has a market cap of $6.94 billion, a PE ratio of 9.23, a P/E/G ratio of 0.21 and a beta of 1.31. The business has a 50 day moving average of $10.92 and a 200 day moving average of $14.17. 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 - Get Free Report) last posted its earnings results on Thursday, April 24th. The airline reported ($0.59) EPS 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 firm had revenue of $12.55 billion during the quarter, compared to analysts' expectations of $12.71 billion. During the same period last year, the company posted ($0.34) EPS. The company's quarterly revenue was down .2% compared to the same quarter last year. On average, research analysts anticipate that American Airlines Group Inc. will post 2.42 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on AAL. JPMorgan Chase & Co. lowered their price target on shares of American Airlines Group from $30.00 to $26.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. Redburn Atlantic upgraded American Airlines Group from a "neutral" rating to a "buy" rating and increased their price objective for the company from $18.00 to $24.00 in a research report on Wednesday, February 26th. Melius Research upgraded American Airlines Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, January 6th. Susquehanna reduced their price target on shares of American Airlines Group from $18.00 to $10.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Finally, Redburn Partners upgraded shares of American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 price objective for the company in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $16.25.
Check Out Our Latest Research Report on AAL
About American Airlines Group
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding AAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Airlines Group Inc. (NASDAQ:AAL - Free Report).
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