Hussman Strategic Advisors Inc. Invests $1.11 Million in American Airlines Group Inc. (NASDAQ:AAL)

Hussman Strategic Advisors Inc. acquired a new stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 105,000 shares of the airline's stock, valued at approximately $1,108,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in AAL. Proficio Capital Partners LLC purchased a new position in American Airlines Group during the 4th quarter valued at about $231,000. Raymond James Financial Inc. purchased a new position in American Airlines Group during the 4th quarter valued at about $3,858,000. HighTower Advisors LLC increased its holdings in American Airlines Group by 86.7% during the 4th quarter. HighTower Advisors LLC now owns 33,706 shares of the airline's stock valued at $587,000 after acquiring an additional 15,653 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of American Airlines Group by 4.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 14,751 shares of the airline's stock worth $257,000 after buying an additional 635 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its holdings in shares of American Airlines Group by 8.3% during the fourth quarter. Commonwealth Equity Services LLC now owns 378,277 shares of the airline's stock worth $6,593,000 after buying an additional 29,045 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on AAL shares. Bank of America lifted their price target on shares of American Airlines Group from $10.00 to $12.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. Susquehanna lowered their target price on shares of American Airlines Group from $18.00 to $10.00 and set a "neutral" rating for the company in a report on Monday, April 7th. The Goldman Sachs Group lowered shares of American Airlines Group from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $16.00 to $8.00 in a research report on Tuesday, April 8th. Jefferies Financial Group reaffirmed a "hold" rating and set a $12.00 price target (down previously from $20.00) on shares of American Airlines Group in a research report on Tuesday, April 1st. Finally, TD Cowen upped their price target on shares of American Airlines Group to $13.00 and gave the stock an "unchanged" rating in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, American Airlines Group has an average rating of "Moderate Buy" and a consensus price target of $15.89.

American Airlines Group Stock Up 0.5%

Shares of NASDAQ:AAL traded up $0.06 on Friday, reaching $12.51. 70,391,478 shares of the company's stock were exchanged, compared to its average volume of 44,672,876. The firm has a market capitalization of $8.25 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 1.85 and a beta of 1.36. 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 $11.51 and its two-hundred day moving average is $12.77.

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 net margin of 1.26% and a negative return on equity of 26.59%. The business had revenue of $12.55 billion for the quarter, compared to analysts' expectations of $12.71 billion. During the same quarter last year, the company earned ($0.34) EPS. The company's revenue for the quarter was down .2% compared to the same quarter last year. Analysts predict that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

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.