Gibraltar Capital Management Inc. Takes Position in American Airlines Group Inc. (NASDAQ:AAL)

Gibraltar Capital Management Inc. purchased a new stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 126,600 shares of the airline's stock, valued at approximately $1,336,000.

Other hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. raised 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 valued at $576,000 after purchasing an additional 16,431 shares during the period. Teacher Retirement System of Texas purchased a new stake in American Airlines Group in the 1st quarter worth about $253,000. Vontobel Holding Ltd. acquired a new stake in American Airlines Group during the 1st quarter worth about $1,338,000. New York State Teachers Retirement System grew its stake in American Airlines Group by 14.7% during the 1st quarter. New York State Teachers Retirement System now owns 722,397 shares of the airline's stock valued at $7,621,000 after acquiring an additional 92,566 shares in the last quarter. Finally, KBC Group NV grew its stake in American Airlines Group by 821.2% during the 1st quarter. KBC Group NV now owns 82,742 shares of the airline's stock valued at $873,000 after acquiring an additional 73,760 shares in the last quarter. Hedge funds and other institutional investors own 52.44% of the company's stock.

American Airlines Group Price Performance

Shares of NASDAQ AAL traded down $0.10 during mid-day trading on Wednesday, hitting $11.48. The company had a trading volume of 66,968,015 shares, compared to its average volume of 43,482,260. 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 cap of $7.57 billion, a P/E ratio of 12.76, a PEG ratio of 1.73 and a beta of 1.36. The business's 50-day simple moving average is $11.26 and its 200-day simple moving average is $13.04.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, topping analysts' consensus estimates of ($0.69) by $0.10. The company had revenue of $12.55 billion during the quarter, compared to the consensus estimate of $12.71 billion. American Airlines Group had a negative return on equity of 26.59% and a net margin of 1.26%. The company's quarterly revenue was down .2% on a year-over-year basis. During the same quarter last year, the company earned ($0.34) EPS. As a group, sell-side analysts predict that American Airlines Group Inc. will post 2.42 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on AAL shares. Sanford C. Bernstein raised their price target on shares of American Airlines Group from $12.00 to $15.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Barclays decreased their target price on shares of American Airlines Group from $16.00 to $11.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Wall Street Zen downgraded shares of American Airlines Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. Bank of America increased their price objective 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, UBS Group boosted their target price on American Airlines Group from $9.00 to $12.00 and gave the company a "neutral" rating in a research note on Monday. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, American Airlines Group currently has an average rating of "Moderate Buy" and a consensus price target of $15.84.

American Airlines Group 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.