Blair William & Co. IL Buys 38,130 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Key Points

• Blair William & Co. IL significantly increased its stake in American Airlines Group by 230.5%, acquiring 38,130 additional shares for a total of 54,675 shares valued at $577,000.
• Several institutional investors also made substantial investments in AAL, with noteworthy acquisitions including Voloridge Investment Management LLC at approximately $60 million and Rockefeller Capital Management L.P. increasing their position by 3,191.2%.
• American Airlines reported a $0.95 EPS for the last quarter, exceeding consensus estimates, and achieved revenue of $14.39 billion, a slight increase from the previous year.

Blair William & Co. IL boosted its position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 230.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 54,675 shares of the airline's stock after purchasing an additional 38,130 shares during the period. Blair William & Co. IL's holdings in American Airlines Group were worth $577,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. U S Global Investors Inc. lifted its stake in American Airlines Group by 8.7% in the 1st quarter. U S Global Investors Inc. now owns 7,181,246 shares of the airline's stock valued at $75,762,000 after purchasing an additional 576,612 shares during the last quarter. Northern Trust Corp lifted its position in American Airlines Group by 22.0% during the fourth quarter. Northern Trust Corp now owns 5,437,904 shares of the airline's stock worth $94,783,000 after acquiring an additional 980,409 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in American Airlines Group by 21.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,280,289 shares of the airline's stock worth $92,043,000 after acquiring an additional 943,336 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in American Airlines Group during the fourth quarter worth approximately $60,190,000. Finally, Two Sigma Advisers LP acquired a new stake in American Airlines Group during the fourth quarter worth approximately $42,693,000. Institutional investors own 52.44% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Barclays raised their price objective on shares of American Airlines Group from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Raymond James Financial lowered their target price on shares of American Airlines Group from $15.00 to $14.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. TD Cowen increased their price target on American Airlines Group to $13.00 and gave the stock an "unchanged" rating in a research report on Friday, April 25th. Bank of America increased their price target on American Airlines Group from $10.00 to $12.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 1st. Finally, Sanford C. Bernstein increased their price target on American Airlines Group from $12.00 to $15.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $16.76.

American Airlines Group Stock Performance

NASDAQ:AAL traded down $0.30 during trading hours on Thursday, reaching $12.81. The company's stock had a trading volume of 53,738,539 shares, compared to its average volume of 56,974,828. The firm has a market capitalization of $8.45 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 2.95 and a beta of 1.43. The firm has a 50-day simple moving average of $11.61 and a 200-day simple moving average of $12.06. American Airlines Group Inc. has a 1 year low of $8.50 and a 1 year high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its earnings results on Thursday, July 24th. The airline reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.16. The company had revenue of $14.39 billion for the quarter, compared to analysts' expectations of $14.27 billion. American Airlines Group had a net margin of 1.05% and a negative return on equity of 24.55%. The firm's revenue was up .4% compared to the same quarter last year. During the same quarter last year, the company earned $1.09 EPS. Equities analysts anticipate 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.