Bayesian Capital Management LP Acquires 49,300 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Bayesian Capital Management LP grew its stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 132.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,600 shares of the airline's stock after acquiring an additional 49,300 shares during the period. Bayesian Capital Management LP's holdings in American Airlines Group were worth $1,509,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Primecap Management Co. CA increased 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 worth $1,049,734,000 after purchasing an additional 2,886,041 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in American Airlines Group during the 4th quarter worth $40,333,000. Alyeska Investment Group L.P. acquired a new position in American Airlines Group in the 4th quarter valued at $35,141,000. Assenagon Asset Management S.A. acquired a new position in American Airlines Group in the 4th quarter valued at $26,033,000. Finally, Norges Bank bought a new stake in shares of American Airlines Group during the 4th quarter valued at $20,696,000. Institutional investors own 52.44% of the company's stock.

American Airlines Group Price Performance

NASDAQ AAL traded up $0.08 on Friday, reaching $11.11. The company had a trading volume of 59,444,611 shares, compared to its average volume of 39,911,476. The firm has a market cap of $7.33 billion, a price-to-earnings ratio of 9.75, a P/E/G ratio of 0.21 and a beta of 1.31. American Airlines Group Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $19.10. The business has a 50 day moving average of $10.61 and a two-hundred day moving average of $14.09.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its earnings results on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, beating the consensus estimate of ($0.69) by $0.10. The business had revenue of $12.55 billion for 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%. The firm's revenue was down .2% on a year-over-year basis. During the same period in the prior year, the business posted ($0.34) earnings per share. As a group, research analysts predict that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on AAL shares. Raymond James dropped their price target on American Airlines Group from $15.00 to $14.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Jefferies Financial Group restated 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. Redburn Partners upgraded shares of American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 price target on the stock in a research report on Wednesday, February 26th. The Goldman Sachs Group cut shares of American Airlines Group from a "neutral" rating to a "sell" rating and decreased their price objective for the company from $16.00 to $8.00 in a research note on Tuesday, April 8th. Finally, TD Cowen upped their target price on American Airlines Group to $13.00 and gave the stock an "unchanged" rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average 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.