Bridgefront Capital LLC Makes New $504,000 Investment in American Airlines Group Inc. (NASDAQ:AAL)

Bridgefront Capital LLC bought a new stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 28,895 shares of the airline's stock, valued at approximately $504,000.

Other hedge funds also recently made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in American Airlines Group during the fourth quarter valued at $25,000. Brooklyn Investment Group increased its stake in shares of American Airlines Group by 133.1% in the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock worth $28,000 after acquiring an additional 909 shares in the last quarter. Bfsg LLC lifted its position in American Airlines Group by 269.3% during the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline's stock valued at $36,000 after acquiring an additional 1,500 shares during the period. Bernard Wealth Management Corp. bought a new stake in American Airlines Group during the fourth quarter worth about $42,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in American Airlines Group in the fourth quarter worth about $45,000. 52.44% of the stock is currently owned by institutional investors.

American Airlines Group Trading Up 0.7 %

AAL stock traded up $0.08 during trading on Friday, reaching $11.11. The stock had a trading volume of 59,468,205 shares, compared to its average volume of 39,977,175. The firm has a market cap of $7.33 billion, a PE ratio of 9.75, a PEG ratio of 0.21 and a beta of 1.31. The stock's 50 day moving average is $10.61 and its two-hundred day moving average is $14.09. American Airlines Group Inc. has a 52 week low of $8.50 and a 52 week high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $12.55 billion for the quarter, compared to analysts' expectations of $12.71 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. The business's quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.34) EPS. On average, research analysts anticipate that American Airlines Group Inc. will post 2.42 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on AAL shares. Redburn Partners raised 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. 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 report on Tuesday, April 8th. StockNews.com lowered American Airlines Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. Evercore ISI increased their price objective on shares of American Airlines Group to $18.00 and gave the company a "hold" rating in a research report on Thursday, January 9th. Finally, The Goldman Sachs Group lowered shares of American Airlines Group from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $16.00 to $8.00 in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target 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.