Teachers Retirement System of The State of Kentucky Has $2.14 Million Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Teachers Retirement System of The State of Kentucky lifted its stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 38.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 202,872 shares of the airline's stock after acquiring an additional 56,417 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in American Airlines Group were worth $2,140,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in AAL. Avantax Advisory Services Inc. lifted its stake in shares of American Airlines Group by 4.5% in 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. Signaturefd LLC lifted its holdings in shares of American Airlines Group by 10.0% in the 1st quarter. Signaturefd LLC now owns 11,289 shares of the airline's stock valued at $119,000 after purchasing an additional 1,030 shares during the last quarter. Elequin Capital LP boosted its stake in American Airlines Group by 208.5% during the 4th quarter. Elequin Capital LP now owns 1,749 shares of the airline's stock worth $30,000 after purchasing an additional 1,182 shares during the period. Vident Advisory LLC lifted its position in American Airlines Group by 4.1% during the 4th quarter. Vident Advisory LLC now owns 31,411 shares of the airline's stock worth $547,000 after acquiring an additional 1,235 shares during the period. Finally, Quadrant Capital Group LLC lifted its holdings in shares of American Airlines Group by 25.6% during the fourth quarter. Quadrant Capital Group LLC now owns 8,265 shares of the airline's stock worth $144,000 after purchasing an additional 1,683 shares during the period. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group Stock Performance

Shares of NASDAQ:AAL traded down $1.22 during trading on Thursday, hitting $11.46. The company's stock had a trading volume of 119,885,277 shares, compared to its average volume of 58,508,488. American Airlines Group Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $19.10. The stock's 50-day moving average price is $11.54 and its two-hundred day moving average price is $12.71. The company has a market capitalization of $7.56 billion, a PE ratio of 12.73, a PEG ratio of 1.87 and a beta of 1.36.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings results on Thursday, July 24th. The airline reported $0.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.77 by $0.18. American Airlines Group had a net margin of 1.26% and a negative return on equity of 26.59%. The business's revenue was up .4% on a year-over-year basis. During the same period in the prior year, the company posted $1.09 EPS. On average, equities analysts predict that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AAL. Jefferies Financial Group reiterated a "hold" rating and set a $12.00 target price (down previously from $20.00) on shares of American Airlines Group in a report on Tuesday, April 1st. The Goldman Sachs Group downgraded 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. Raymond James Financial lowered their target price on American Airlines Group from $15.00 to $14.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Bank of America upped their price objective on shares of American Airlines Group from $10.00 to $12.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Finally, Sanford C. Bernstein lifted their price target on American Airlines Group from $12.00 to $15.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $15.89.

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.