Headlands Technologies LLC Increases Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Key Points

• Headlands Technologies LLC significantly increased its stake in American Airlines Group, growing its holdings by 478.3% to a total of 476,453 shares worth approximately $5.03 million.
• Several hedge funds also modified their positions in the company, with over 52% of the stock now owned by institutional investors.
• A majority of analysts have given American Airlines Group a consensus rating of "Moderate Buy" with a price target averaging around $16.76.

Headlands Technologies LLC grew its position in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 478.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 476,453 shares of the airline's stock after purchasing an additional 394,063 shares during the quarter. Headlands Technologies LLC owned about 0.07% of American Airlines Group worth $5,027,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Elequin Capital LP grew its stake in shares of American Airlines Group by 208.5% in the 4th quarter. Elequin Capital LP now owns 1,749 shares of the airline's stock valued at $30,000 after buying an additional 1,182 shares during the period. Bernard Wealth Management Corp. acquired a new position in American Airlines Group during the fourth quarter worth about $42,000. Bogart Wealth LLC increased its position in American Airlines Group by 1,300.0% during the first quarter. Bogart Wealth LLC now owns 2,800 shares of the airline's stock worth $30,000 after purchasing an additional 2,600 shares during the last quarter. Assetmark Inc. purchased a new stake in American Airlines Group during the first quarter worth approximately $30,000. Finally, Golden State Wealth Management LLC raised its holdings in American Airlines Group by 121.4% in the first quarter. Golden State Wealth Management LLC now owns 3,117 shares of the airline's stock valued at $33,000 after acquiring an additional 1,709 shares in the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.

American Airlines Group Price Performance

American Airlines Group stock traded down $0.02 during trading hours on Monday, reaching $11.61. The stock had a trading volume of 22,438,148 shares, compared to its average volume of 56,380,688. The company has a market cap of $7.66 billion, a price-to-earnings ratio of 14.53, a PEG ratio of 2.64 and a beta of 1.43. The business's 50 day moving average price is $11.54 and its 200-day moving average price is $12.09. American Airlines Group Inc. has a 52 week low of $8.50 and a 52 week high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The airline reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.16. American Airlines Group had a negative return on equity of 24.55% and a net margin of 1.05%. The company had revenue of $14.39 billion during the quarter, compared to analysts' expectations of $14.27 billion. During the same period last year, the business posted $1.09 earnings per share. The firm's revenue was up .4% compared to the same quarter last year. On average, sell-side 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 analysts recently issued reports on AAL shares. TD Cowen increased their target price on shares of American Airlines Group to $13.00 and gave the company an "unchanged" rating in a research report on Friday, April 25th. UBS Group lifted their price target on American Airlines Group from $9.00 to $12.00 and gave the company a "neutral" rating in a report on Monday, July 7th. Barclays upped their price target on American Airlines Group from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. Sanford C. Bernstein lifted their price target on American Airlines Group from $12.00 to $15.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Finally, Bank of America increased their target price on shares of American Airlines Group from $10.00 to $12.00 and gave the stock a "neutral" rating in a report on Tuesday, July 1st. 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. Based on data from MarketBeat.com, American Airlines Group currently has an average rating of "Moderate Buy" and an average price target of $16.76.

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.