New York State Common Retirement Fund Lowers Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

New York State Common Retirement Fund reduced its stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 89.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 269,903 shares of the airline's stock after selling 2,216,700 shares during the period. New York State Common Retirement Fund's holdings in American Airlines Group were worth $2,847,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. State of Michigan Retirement System lifted its holdings in shares of American Airlines Group by 1.2% during the first quarter. State of Michigan Retirement System now owns 157,400 shares of the airline's stock worth $1,661,000 after purchasing an additional 1,800 shares during the period. M&T Bank Corp increased its holdings in American Airlines Group by 18.0% during the 1st quarter. M&T Bank Corp now owns 40,729 shares of the airline's stock worth $429,000 after purchasing an additional 6,204 shares during the last quarter. Gibraltar Capital Management Inc. bought a new position in shares of American Airlines Group in the 1st quarter worth about $1,336,000. Envestnet Asset Management Inc. grew its stake in American Airlines Group by 43.1% during the 1st quarter. Envestnet Asset Management Inc. now owns 54,564 shares of the airline's stock worth $576,000 after buying an additional 16,431 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in American Airlines Group during the 1st quarter worth $253,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group Price Performance

American Airlines Group stock traded up $0.04 during midday trading on Friday, reaching $11.50. 63,386,811 shares of the company traded hands, compared to its average volume of 62,494,860. American Airlines Group Inc. has a 12 month low of $8.50 and a 12 month high of $19.10. The firm has a market capitalization of $7.58 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 1.82 and a beta of 1.36. The business has a 50 day moving average of $11.53 and a two-hundred day moving average of $12.59.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The airline reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.16. American Airlines Group had a net margin of 1.05% and a negative return on equity of 23.75%. The business had revenue of $14.39 billion during the quarter, compared to analysts' expectations of $14.27 billion. During the same period last year, the company posted $1.09 EPS. The business's revenue was up .4% on a year-over-year basis. As a group, equities analysts forecast that American Airlines Group Inc. will post 2.42 EPS for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on AAL shares. TD Cowen increased their target price on American Airlines Group to $13.00 and gave the stock an "unchanged" rating in a report on Friday, April 25th. Barclays boosted their price objective 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. The Goldman Sachs Group cut American Airlines Group from a "neutral" rating to a "sell" rating and cut their target price for the stock from $16.00 to $8.00 in a research note on Tuesday, April 8th. 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 report on Tuesday, July 1st. Finally, Raymond James Financial cut their price objective on shares of American Airlines Group from $15.00 to $14.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $15.89.

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.