Brevan Howard Capital Management LP Lowers Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Brevan Howard Capital Management LP trimmed its stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 25.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 651,129 shares of the airline's stock after selling 218,590 shares during the period. Brevan Howard Capital Management LP owned approximately 0.10% of American Airlines Group worth $11,349,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Golden State Wealth Management LLC bought a new position in shares of American Airlines Group during the fourth quarter worth $25,000. Brooklyn Investment Group grew its position in shares of American Airlines Group by 133.1% during the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock valued at $28,000 after purchasing an additional 909 shares in the last quarter. Bfsg LLC increased its holdings in shares of American Airlines Group by 269.3% in the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline's stock worth $36,000 after purchasing an additional 1,500 shares during the last quarter. Bernard Wealth Management Corp. purchased a new stake in shares of American Airlines Group in the fourth quarter worth about $42,000. Finally, Harvest Fund Management Co. Ltd bought a new position in American Airlines Group during the fourth quarter valued at approximately $45,000. Hedge funds and other institutional investors own 52.44% of the company's stock.

Analyst Ratings Changes

AAL has been the topic of several research reports. Jefferies Financial Group restated a "hold" rating and issued a $12.00 price target (down previously from $20.00) on shares of American Airlines Group in a research report on Tuesday, April 1st. Citigroup decreased their target price on shares of American Airlines Group from $21.50 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. JPMorgan Chase & Co. decreased their price objective on American Airlines Group from $30.00 to $26.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Redburn Atlantic raised American Airlines Group from a "neutral" rating to a "buy" rating and boosted their target price for the company from $18.00 to $24.00 in a research report on Wednesday, February 26th. Finally, The Goldman Sachs Group downgraded American Airlines Group from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $16.00 to $8.00 in a research report on Tuesday, April 8th. One investment 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 company's stock. According to MarketBeat.com, American Airlines Group presently has a consensus rating of "Moderate Buy" and an average price target of $16.25.

American Airlines Group Stock Up 0.7 %

Shares of NASDAQ AAL traded up $0.08 during midday trading on Friday, hitting $11.11. The stock had a trading volume of 59,468,205 shares, compared to its average volume of 39,977,186. The stock has a 50 day simple moving average of $10.57 and a 200-day simple moving average of $14.08. The company has a market capitalization of $7.33 billion, a PE ratio of 9.75, a P/E/G ratio of 0.21 and a beta of 1.31. American Airlines Group Inc. has a 1 year low of $8.50 and a 1 year high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) earnings per share for the quarter, topping analysts' consensus estimates of ($0.69) by $0.10. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. The company had revenue of $12.55 billion for the quarter, compared to analyst estimates of $12.71 billion. During the same quarter in the previous year, the company posted ($0.34) earnings per share. The firm's revenue for the quarter was down .2% compared to the same quarter last year. As a group, analysts expect that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

American Airlines Group Company 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.