Adage Capital Partners GP L.L.C. Sells 4,088,889 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Adage Capital Partners GP L.L.C. cut its stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 80.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,006,019 shares of the airline's stock after selling 4,088,889 shares during the period. Adage Capital Partners GP L.L.C. owned about 0.15% of American Airlines Group worth $17,535,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Primecap Management Co. CA lifted its holdings in shares of American Airlines Group by 5.0% during the fourth 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 acquired a new position in American Airlines Group in the fourth quarter valued at about $40,333,000. Assenagon Asset Management S.A. bought a new stake in American Airlines Group during the fourth quarter worth about $26,033,000. Norges Bank acquired a new stake in shares of American Airlines Group during the fourth quarter worth approximately $20,696,000. Finally, Principal Financial Group Inc. raised its stake in shares of American Airlines Group by 69.5% in the fourth quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline's stock valued at $44,892,000 after acquiring an additional 1,055,667 shares during the last quarter. Institutional investors own 52.44% of the company's stock.

American Airlines Group Stock Up 0.8 %

American Airlines Group stock traded up $0.08 during mid-day trading on Thursday, hitting $10.03. 52,363,406 shares of the company's stock were exchanged, compared to its average volume of 39,093,414. American Airlines Group Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $19.10. The firm has a market capitalization of $6.61 billion, a P/E ratio of 8.80, a PEG ratio of 0.21 and a beta of 1.17. The company's 50 day simple moving average is $11.12 and its 200-day simple moving average is $14.18.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its earnings results on Thursday, April 24th. The airline reported ($0.59) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.69) by $0.10. The business had revenue of $12.55 billion during the quarter, compared to analysts' expectations of $12.71 billion. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. American Airlines Group's revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.34) EPS. Research analysts expect that American Airlines Group Inc. will post 2.42 EPS for the current year.

Analysts Set New Price Targets

AAL has been the subject of a number of recent analyst reports. Jefferies Financial Group reaffirmed a "hold" rating and set a $12.00 price target (down from $20.00) on shares of American Airlines Group in a report on Tuesday, April 1st. Bank of America lowered their target price on American Airlines Group from $16.00 to $12.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. Citigroup decreased their price objective on shares of American Airlines Group from $21.50 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Redburn Partners raised shares of American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 target price for the company in a research note on Wednesday, February 26th. Finally, UBS Group decreased their price target on shares of American Airlines Group from $13.00 to $9.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, American Airlines Group presently has a consensus rating of "Moderate Buy" and a consensus target price 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.