Concentric Capital Strategies LP Takes $5 Million Position in American Airlines Group Inc. (NASDAQ:AAL)

Concentric Capital Strategies LP acquired a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 286,965 shares of the airline's stock, valued at approximately $5,002,000.

Several other institutional investors have also bought and sold shares of AAL. Vanguard Group Inc. lifted its holdings in American Airlines Group by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 62,985,524 shares of the airline's stock valued at $1,097,838,000 after acquiring an additional 953,766 shares during the last quarter. Primecap Management Co. CA grew its position in American Airlines Group by 5.0% in the fourth quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline's stock worth $1,049,734,000 after buying an additional 2,886,041 shares during the last quarter. Northern Trust Corp increased its holdings in shares of American Airlines Group by 22.0% in the fourth quarter. Northern Trust Corp now owns 5,437,904 shares of the airline's stock valued at $94,783,000 after buying an additional 980,409 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of American Airlines Group by 21.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,280,289 shares of the airline's stock valued at $92,043,000 after acquiring an additional 943,336 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of American Airlines Group by 69.5% during the 4th quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline's stock worth $44,892,000 after acquiring an additional 1,055,667 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company's stock.

Analysts Set New Price Targets

AAL has been the topic of several recent analyst reports. Redburn Partners upgraded American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 price objective on the stock in a report on Wednesday, February 26th. Citigroup reduced their price target on shares of American Airlines Group from $21.50 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. JPMorgan Chase & Co. decreased their price objective on shares of American Airlines Group from $30.00 to $26.00 and set an "overweight" rating for the company in a research note on Monday, March 3rd. Susquehanna reduced their target price on American Airlines Group from $18.00 to $10.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Finally, Barclays lowered their price target 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. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $16.25.

American Airlines Group Trading Up 0.7 %

NASDAQ:AAL traded up $0.08 during trading hours on Friday, hitting $11.11. 59,468,205 shares of the company traded hands, compared to its average volume of 39,977,175. The stock has a market capitalization 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. The firm has a 50-day moving average of $10.57 and a 200 day moving average of $14.08. American Airlines Group Inc. has a twelve month low of $8.50 and a twelve month high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings results 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 net margin of 1.56% and a negative return on equity of 28.56%. The firm had revenue of $12.55 billion for the quarter, compared to the consensus estimate of $12.71 billion. During the same quarter in the previous year, the company earned ($0.34) earnings per share. The business's revenue was down .2% compared to the same quarter last year. Equities research analysts predict that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

About American Airlines Group

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.