Alyeska Investment Group L.P. Invests $35.14 Million in American Airlines Group Inc. (NASDAQ:AAL)

Alyeska Investment Group L.P. acquired a new position in American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 2,016,129 shares of the airline's stock, valued at approximately $35,141,000. Alyeska Investment Group L.P. owned approximately 0.31% of American Airlines Group as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of AAL. Tidal Investments LLC boosted its stake in shares of American Airlines Group by 63.1% in the 3rd quarter. Tidal Investments LLC now owns 66,249 shares of the airline's stock worth $745,000 after buying an additional 25,637 shares during the last quarter. Retirement Systems of Alabama grew its stake in shares of American Airlines Group by 451.2% during the 3rd quarter. Retirement Systems of Alabama now owns 797,738 shares of the airline's stock valued at $8,967,000 after purchasing an additional 653,012 shares during the period. Principal Financial Group Inc. increased its position in shares of American Airlines Group by 107.6% during the 3rd quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline's stock valued at $17,084,000 after purchasing an additional 787,671 shares during the last quarter. Everence Capital Management Inc. bought a new position in shares of American Airlines Group in the 4th quarter worth approximately $409,000. Finally, Strathmore Capital Advisors Inc. purchased a new position in shares of American Airlines Group in the fourth quarter worth approximately $351,000. Hedge funds and other institutional investors own 52.44% of the company's stock.

American Airlines Group Stock Performance

American Airlines Group stock traded up $0.13 during trading hours on Wednesday, hitting $10.56. The company had a trading volume of 41,314,849 shares, compared to its average volume of 39,693,875. American Airlines Group Inc. has a 1 year low of $8.50 and a 1 year high of $19.10. The firm has a market cap of $6.96 billion, a P/E ratio of 9.26, a P/E/G ratio of 0.21 and a beta of 1.31. The company has a 50-day moving average price of $10.75 and a two-hundred day moving average price of $14.13.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $12.71 billion. During the same quarter in the previous year, the firm posted ($0.34) earnings per share. American Airlines Group's revenue for the quarter was down .2% compared to the same quarter last year. As a group, equities research analysts anticipate that American Airlines Group Inc. will post 2.42 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. StockNews.com lowered shares of American Airlines Group from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. Bank of America decreased their price target on shares of American Airlines Group from $16.00 to $12.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Barclays cut their price objective 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. Jefferies Financial Group reiterated a "hold" rating and issued a $12.00 target price (down from $20.00) on shares of American Airlines Group in a research report on Tuesday, April 1st. Finally, Raymond James cut their price target on American Airlines Group from $15.00 to $14.00 and set an "outperform" rating for the company in a report on Friday, April 25th. One 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 stock. According to data from MarketBeat.com, American Airlines Group presently has an average rating of "Moderate Buy" and a consensus price target of $16.25.

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.