111 Capital Buys New Position in American Airlines Group Inc. (NASDAQ:AAL)

111 Capital purchased a new stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 59,492 shares of the airline's stock, valued at approximately $1,037,000.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in American Airlines Group by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 62,985,524 shares of the airline's stock valued at $1,097,838,000 after purchasing an additional 953,766 shares during the period. Primecap Management Co. CA raised its stake in American Airlines Group by 5.0% during 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 lifted its holdings in 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 during the period. Dimensional Fund Advisors LP lifted its holdings in American Airlines Group by 21.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,280,289 shares of the airline's stock valued at $92,043,000 after buying an additional 943,336 shares during the period. Finally, Voloridge Investment Management LLC bought a new stake in American Airlines Group during the fourth quarter valued at $60,190,000. 52.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on AAL shares. Citigroup cut their target price on American Airlines Group from $21.50 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. Raymond James cut their price target on American Airlines Group from $15.00 to $14.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. Susquehanna lowered their price objective on shares of American Airlines Group from $18.00 to $10.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Redburn Partners upgraded shares of American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 target price on the stock in a research report on Wednesday, February 26th. Finally, UBS Group reduced their price target on shares of American Airlines Group from $13.00 to $9.00 and set a "neutral" rating for the company in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $15.68.

American Airlines Group Stock Performance

NASDAQ:AAL remained flat at $11.40 during trading hours on Friday. The company's stock had a trading volume of 62,887,549 shares, compared to its average volume of 41,235,646. The firm has a market cap of $7.52 billion, a P/E ratio of 10.00, a PEG ratio of 0.21 and a beta of 1.31. The business's 50 day simple moving average is $10.51 and its 200-day simple moving average is $13.87. American Airlines Group Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its earnings results on Thursday, April 24th. The airline reported ($0.59) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.69) by $0.10. The firm had revenue of $12.55 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period last year, the firm posted ($0.34) EPS. On average, analysts forecast 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.