Friedenthal Financial lowered its holdings in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 91.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,242 shares of the airline's stock after selling 44,113 shares during the period. Friedenthal Financial's holdings in American Airlines Group were worth $45,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in AAL. Voloridge Investment Management LLC acquired a new stake in shares of American Airlines Group in the fourth quarter worth $60,190,000. Primecap Management Co. CA grew its holdings in American Airlines Group by 5.0% during the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline's stock valued at $1,049,734,000 after purchasing an additional 2,886,041 shares in the last quarter. Two Sigma Advisers LP acquired a new stake in American Airlines Group during the 4th quarter valued at $42,693,000. Arrowstreet Capital Limited Partnership acquired a new stake in American Airlines Group during the 4th quarter valued at $40,333,000. Finally, Alyeska Investment Group L.P. acquired a new stake in American Airlines Group during the 4th quarter valued at $35,141,000. Institutional investors and hedge funds own 52.44% of the company's stock.
American Airlines Group Stock Performance
American Airlines Group stock opened at $10.58 on Friday. The firm's 50-day moving average is $10.77 and its 200-day moving average is $13.56. American Airlines Group Inc. has a 1 year low of $8.50 and a 1 year high of $19.10. The company has a market cap of $6.98 billion, a P/E ratio of 11.76, a PEG ratio of 1.20 and a beta of 1.39.
American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The airline reported ($0.59) earnings per share (EPS) 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 company had revenue of $12.55 billion for the quarter, compared to the consensus estimate of $12.71 billion. During the same period last year, the firm posted ($0.34) EPS. The company's revenue for the quarter was down .2% on a year-over-year basis. As a group, sell-side analysts predict that American Airlines Group Inc. will post 2.42 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. The Goldman Sachs Group lowered shares of 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. Redburn Partners raised shares of American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 price target for the company in a report on Wednesday, February 26th. Susquehanna lowered their price target 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. JPMorgan Chase & Co. lowered their price target on shares of American Airlines Group from $30.00 to $26.00 and set an "overweight" rating for the company in a report on Monday, March 3rd. Finally, Redburn Atlantic raised shares of American Airlines Group from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $18.00 to $24.00 in a report on Wednesday, February 26th. One equities 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 data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $15.68.
Get Our Latest Analysis on AAL
American Airlines Group Profile
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding AAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Airlines Group Inc. (NASDAQ:AAL - Free Report).
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