LSV Asset Management Raises Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Key Points

• LSV Asset Management increased its holdings in American Airlines Group by 158.6% during the first quarter, now owning approximately 1.7 million shares valued at $17.8 million.
• American Airlines shares traded up 3.3% to $11.64, with a market capitalization of $7.68 billion, and a 52-week price range between $8.50 and $19.10.
• During its last earnings report, American Airlines exceeded analysts' estimates, posting earnings of $0.95 per share compared to the expected $0.79, with total revenue of $14.39 billion.

LSV Asset Management lifted its stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 158.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,686,086 shares of the airline's stock after acquiring an additional 1,034,179 shares during the quarter. LSV Asset Management owned 0.26% of American Airlines Group worth $17,788,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the stock. Elequin Capital LP raised its holdings in shares of American Airlines Group by 208.5% in the fourth quarter. Elequin Capital LP now owns 1,749 shares of the airline's stock valued at $30,000 after buying an additional 1,182 shares during the last quarter. Bogart Wealth LLC lifted its position in American Airlines Group by 1,300.0% in the first quarter. Bogart Wealth LLC now owns 2,800 shares of the airline's stock valued at $30,000 after purchasing an additional 2,600 shares during the period. Assetmark Inc. purchased a new stake in American Airlines Group in the 1st quarter valued at approximately $30,000. Golden State Wealth Management LLC increased its position in American Airlines Group by 121.4% during the 1st quarter. Golden State Wealth Management LLC now owns 3,117 shares of the airline's stock worth $33,000 after purchasing an additional 1,709 shares during the period. Finally, Bernard Wealth Management Corp. purchased a new position in shares of American Airlines Group during the 4th quarter worth approximately $42,000. Hedge funds and other institutional investors own 52.44% of the company's stock.

American Airlines Group Trading Up 3.3%

Shares of American Airlines Group stock traded up $0.37 during trading hours on Tuesday, reaching $11.64. 65,225,609 shares of the company's stock were exchanged, compared to its average volume of 75,115,296. American Airlines Group Inc. has a 52-week low of $8.50 and a 52-week high of $19.10. The firm has a market capitalization of $7.68 billion, a price-to-earnings ratio of 14.55, a price-to-earnings-growth ratio of 2.55 and a beta of 1.43. The company has a fifty day moving average of $11.52 and a 200-day moving average of $12.26.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The airline reported $0.95 earnings per share for the quarter, topping analysts' consensus estimates of $0.79 by $0.16. American Airlines Group had a negative return on equity of 24.55% and a net margin of 1.05%. The company had revenue of $14.39 billion for the quarter, compared to analyst estimates of $14.27 billion. During the same quarter in the prior year, the company posted $1.09 EPS. The business's revenue for the quarter was up .4% compared to the same quarter last year. On average, equities research analysts anticipate that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on AAL shares. Bank of America increased their target price on American Airlines Group from $10.00 to $12.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. Raymond James Financial cut 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. Susquehanna decreased their price target on American Airlines Group from $18.00 to $10.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. UBS Group upped their price target on American Airlines Group from $9.00 to $12.00 and gave the stock a "neutral" rating in a report on Monday, July 7th. Finally, Barclays upped their price target on American Airlines Group from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $16.76.

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.