GAMMA Investing LLC Grows Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

GAMMA Investing LLC boosted its stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 1,184.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 133,985 shares of the airline's stock after purchasing an additional 123,555 shares during the period. GAMMA Investing LLC's holdings in American Airlines Group were worth $1,414,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AAL. Valeo Financial Advisors LLC acquired a new stake in American Airlines Group during the 4th quarter worth about $199,000. Principal Securities Inc. grew its position in shares of American Airlines Group by 139.6% during the 4th quarter. Principal Securities Inc. now owns 3,261 shares of the airline's stock valued at $57,000 after acquiring an additional 1,900 shares during the period. Allworth Financial LP grew its position in shares of American Airlines Group by 5.0% during the 4th quarter. Allworth Financial LP now owns 48,085 shares of the airline's stock valued at $897,000 after acquiring an additional 2,289 shares during the period. Principal Financial Group Inc. grew its position in shares of American Airlines Group by 69.5% during the 4th quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline's stock valued at $44,892,000 after acquiring an additional 1,055,667 shares during the period. Finally, CIBC Asset Management Inc grew its position in shares of American Airlines Group by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 19,987 shares of the airline's stock valued at $348,000 after acquiring an additional 981 shares during the period. 52.44% of the stock is owned by institutional investors and hedge funds.

American Airlines Group Stock Up 0.2%

AAL traded up $0.02 during trading on Wednesday, reaching $10.58. The company's stock had a trading volume of 58,037,615 shares, compared to its average volume of 42,241,439. The firm has a fifty day simple moving average of $10.74 and a two-hundred day simple moving average of $13.59. 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 price-to-earnings ratio of 11.76, a PEG ratio of 1.19 and a beta of 1.39.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its earnings results on Thursday, April 24th. The airline reported ($0.59) earnings per share 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 business had revenue of $12.55 billion for the quarter, compared to analyst estimates of $12.71 billion. During the same period last year, the company posted ($0.34) EPS. The business's revenue was down .2% 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 fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. Susquehanna dropped their target price on American Airlines Group from $18.00 to $10.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. JPMorgan Chase & Co. dropped their target price on American Airlines Group from $30.00 to $26.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. Wall Street Zen cut American Airlines Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. The Goldman Sachs Group cut American Airlines Group from a "neutral" rating to a "sell" rating and dropped their target price for the company from $16.00 to $8.00 in a research report on Tuesday, April 8th. Finally, Citigroup decreased their price target on shares of American Airlines Group from $21.50 to $20.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $15.68.

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.