Aquatic Capital Management LLC Lowers Position in American Airlines Group Inc. (NASDAQ:AAL)

Aquatic Capital Management LLC trimmed its position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 41.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 763,046 shares of the airline's stock after selling 544,554 shares during the period. Aquatic Capital Management LLC owned 0.12% of American Airlines Group worth $13,300,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Golden State Wealth Management LLC purchased a new position in shares of American Airlines Group during the 4th quarter worth about $25,000. Brooklyn Investment Group boosted its stake in shares of American Airlines Group by 133.1% during the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock worth $28,000 after purchasing an additional 909 shares during the period. Bfsg LLC boosted its stake in shares of American Airlines Group by 269.3% during the 4th 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 period. Bernard Wealth Management Corp. purchased a new position in shares of American Airlines Group during the 4th quarter worth about $42,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in American Airlines Group in the 4th quarter valued at about $45,000. 52.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have issued reports on AAL shares. TD Cowen boosted their price objective on shares of American Airlines Group to $13.00 and gave the company an "unchanged" rating in a research report on Friday, April 25th. Barclays dropped their target price on American Airlines Group from $16.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Jefferies Financial Group restated a "hold" rating and set a $12.00 target price (down from $20.00) on shares of American Airlines Group in a research note on Tuesday, April 1st. Susquehanna lowered their price target on American Airlines Group from $18.00 to $10.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Finally, Raymond James lowered their price target on American Airlines Group from $15.00 to $14.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, American Airlines Group currently has a consensus rating of "Moderate Buy" and an average target price of $16.25.

American Airlines Group Price Performance

Shares of American Airlines Group stock traded up $0.10 on Thursday, reaching $10.05. 36,121,423 shares of the company were exchanged, compared to its average volume of 39,034,561. American Airlines Group Inc. has a 1-year low of $8.50 and a 1-year high of $19.10. The company has a market cap of $6.62 billion, a P/E ratio of 8.82, a price-to-earnings-growth ratio of 0.21 and a beta of 1.17. The stock's 50 day moving average price is $11.12 and its 200-day moving average price 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 for the quarter, topping the consensus estimate 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 firm had revenue of $12.55 billion during the quarter, compared to analysts' expectations of $12.71 billion. During the same quarter in the previous year, the business earned ($0.34) earnings per share. The firm's revenue was down .2% compared to the same quarter last year. On average, research analysts predict 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.