Gibraltar Capital Management Inc. Makes New Investment in American Airlines Group Inc. (NASDAQ:AAL)

Gibraltar Capital Management Inc. acquired a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 126,600 shares of the airline's stock, valued at approximately $1,336,000.

A number of other hedge funds also recently bought and sold shares of AAL. Proficio Capital Partners LLC purchased a new stake in American Airlines Group during the fourth quarter valued at $231,000. US Bancorp DE increased its position in American Airlines Group by 38.9% during the fourth quarter. US Bancorp DE now owns 16,983 shares of the airline's stock valued at $296,000 after acquiring an additional 4,756 shares during the last quarter. Jones Financial Companies Lllp increased its position in American Airlines Group by 17.2% during the fourth quarter. Jones Financial Companies Lllp now owns 29,218 shares of the airline's stock valued at $509,000 after acquiring an additional 4,292 shares during the last quarter. Victory Capital Management Inc. increased its position in American Airlines Group by 7.4% during the fourth quarter. Victory Capital Management Inc. now owns 121,331 shares of the airline's stock valued at $2,115,000 after acquiring an additional 8,392 shares during the last quarter. Finally, M&T Bank Corp increased its position in American Airlines Group by 2.4% during the fourth quarter. M&T Bank Corp now owns 34,525 shares of the airline's stock valued at $602,000 after acquiring an additional 794 shares during the last quarter. Hedge funds and other institutional investors own 52.44% of the company's stock.

American Airlines Group Trading Down 0.1%

AAL traded down $0.01 on Tuesday, hitting $11.58. 51,565,998 shares of the company's stock traded hands, compared to its average volume of 43,320,262. The company's 50 day simple moving average is $11.23 and its 200-day simple moving average is $13.05. The firm has a market cap of $7.64 billion, a price-to-earnings ratio of 12.87, a P/E/G ratio of 1.61 and a beta of 1.36. American Airlines Group Inc. has a one year low of $8.50 and a one year high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The airline reported ($0.59) earnings per share for the quarter, beating the consensus estimate of ($0.69) by $0.10. American Airlines Group had a negative return on equity of 26.59% and a net margin of 1.26%. The business had revenue of $12.55 billion during the quarter, compared to analysts' expectations of $12.71 billion. During the same quarter last year, the business posted ($0.34) EPS. The firm's revenue for the quarter was down .2% compared to the same quarter last year. As a group, equities analysts anticipate that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

Analyst Ratings Changes

AAL has been the subject of a number of research reports. Raymond James Financial reduced their price objective on American Airlines Group from $15.00 to $14.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Jefferies Financial Group reaffirmed a "hold" rating and issued a $12.00 price objective (down previously from $20.00) on shares of American Airlines Group in a research note on Tuesday, April 1st. Barclays decreased their price objective on American Airlines Group from $16.00 to $11.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 8th. Wall Street Zen downgraded American Airlines Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. Finally, UBS Group raised their price objective on American Airlines Group from $9.00 to $12.00 and gave the stock a "neutral" rating in a research note on Monday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $15.84.

American Airlines Group Company Profile

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.