Gibraltar Capital Management Inc. Invests $1.34 Million in American Airlines Group Inc. (NASDAQ:AAL)

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

Several other large investors have also recently made changes to their positions in the stock. Elequin Capital LP lifted its holdings in American Airlines Group by 208.5% during the 4th quarter. Elequin Capital LP now owns 1,749 shares of the airline's stock worth $30,000 after buying an additional 1,182 shares in the last quarter. Bernard Wealth Management Corp. acquired a new stake in American Airlines Group during the 4th quarter worth approximately $42,000. Harvest Fund Management Co. Ltd acquired a new stake in American Airlines Group during the 4th quarter worth approximately $45,000. Golden State Wealth Management LLC lifted its holdings in American Airlines Group by 121.4% during the 1st quarter. Golden State Wealth Management LLC now owns 3,117 shares of the airline's stock worth $33,000 after buying an additional 1,709 shares in the last quarter. Finally, GeoWealth Management LLC lifted its holdings in American Airlines Group by 107.6% during the 4th quarter. GeoWealth Management LLC now owns 3,819 shares of the airline's stock worth $67,000 after buying an additional 1,979 shares in the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on AAL. Raymond James Financial dropped 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. Sanford C. Bernstein increased their price objective on shares of American Airlines Group from $12.00 to $15.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Barclays increased their price objective on shares of American Airlines Group from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Thursday. Citigroup dropped their price objective on shares of American Airlines Group from $21.50 to $20.00 and set a "buy" rating on the stock in a research report on Tuesday, March 18th. Finally, Susquehanna dropped their price objective on shares of 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. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $15.89.

American Airlines Group Stock Performance

American Airlines Group stock traded up $1.46 during midday trading on Thursday, hitting $12.94. 148,740,885 shares of the company's stock were exchanged, compared to its average volume of 43,901,793. American Airlines Group Inc. has a 12-month low of $8.50 and a 12-month high of $19.10. The stock has a market cap of $8.53 billion, a price-to-earnings ratio of 14.38, a price-to-earnings-growth ratio of 1.73 and a beta of 1.36. The firm'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 issued its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) earnings per share (EPS) for the quarter, topping the consensus estimate 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. American Airlines Group's revenue for the quarter was down .2% on a year-over-year basis. On average, equities research analysts forecast that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

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.