Bridgefront Capital LLC Purchases Shares of 28,895 American Airlines Group Inc. (NASDAQ:AAL)

Bridgefront Capital LLC purchased a new stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,895 shares of the airline's stock, valued at approximately $504,000.

A number of other hedge funds have also modified their holdings of AAL. Captrust Financial Advisors increased its position in American Airlines Group by 49.7% during the fourth quarter. Captrust Financial Advisors now owns 64,861 shares of the airline's stock worth $1,131,000 after buying an additional 21,539 shares in the last quarter. Caxton Associates LP acquired a new position in American Airlines Group in the 4th quarter valued at about $1,792,000. BW Gestao de Investimentos Ltda. lifted its holdings in American Airlines Group by 50.0% in the 4th quarter. BW Gestao de Investimentos Ltda. now owns 127,500 shares of the airline's stock valued at $2,222,000 after purchasing an additional 42,500 shares in the last quarter. Bayesian Capital Management LP boosted its stake in shares of American Airlines Group by 132.2% during the 4th quarter. Bayesian Capital Management LP now owns 86,600 shares of the airline's stock worth $1,509,000 after purchasing an additional 49,300 shares during the last quarter. Finally, Alyeska Investment Group L.P. purchased a new stake in shares of American Airlines Group during the fourth quarter worth about $35,141,000. 52.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AAL. TD Cowen raised their target price on shares of American Airlines Group to $13.00 and gave the stock an "unchanged" rating in a research report on Friday, April 25th. Jefferies Financial Group reiterated a "hold" rating and set a $12.00 target price (down from $20.00) on shares of American Airlines Group in a research report on Tuesday, April 1st. The Goldman Sachs Group cut American Airlines Group from a "neutral" rating to a "sell" rating and lowered their price target for the company from $16.00 to $8.00 in a report on Tuesday, April 8th. Redburn Atlantic upgraded shares of American Airlines Group from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $18.00 to $24.00 in a report on Wednesday, February 26th. Finally, StockNews.com lowered shares of American Airlines Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, American Airlines Group has a consensus rating of "Moderate Buy" and a consensus price target of $16.25.

American Airlines Group Stock Up 0.7 %

Shares of NASDAQ:AAL traded up $0.08 on Friday, reaching $11.11. 59,468,205 shares of the company's stock were exchanged, compared to its average volume of 40,072,754. American Airlines Group Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $19.10. The business's 50-day moving average is $10.57 and its two-hundred day moving average is $14.09. The firm has a market capitalization of $7.33 billion, a price-to-earnings ratio of 9.75, a PEG ratio of 0.21 and a beta of 1.31.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The airline reported ($0.59) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $0.10. The business had revenue of $12.55 billion for the quarter, compared to the consensus estimate of $12.71 billion. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. The business's revenue was down .2% on a year-over-year basis. During the same quarter last year, the business posted ($0.34) EPS. 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.