Jupiter Asset Management Ltd. Acquires New Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Key Points

• Jupiter Asset Management Ltd. acquired a new stake of 270,314 shares in American Airlines Group, valued at approximately $2.85 million, during the 1st quarter.
• Analysts have mixed ratings on American Airlines Group, with one sell rating, eight hold ratings, and nine buy ratings; the company's consensus rating is currently "Moderate Buy."
• American Airlines Group reported $0.95 earnings per share in its last quarter, surpassing the consensus estimate and showing a revenue increase to $14.39 billion.

Jupiter Asset Management Ltd. acquired a new stake 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 fund acquired 270,314 shares of the airline's stock, valued at approximately $2,852,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Elequin Capital LP grew its position in 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 acquiring an additional 1,182 shares in the last quarter. Bernard Wealth Management Corp. acquired a new position in American Airlines Group in the 4th quarter valued at about $42,000. Bogart Wealth LLC grew its position in American Airlines Group by 1,300.0% in the 1st quarter. Bogart Wealth LLC now owns 2,800 shares of the airline's stock valued at $30,000 after acquiring an additional 2,600 shares in the last quarter. Assetmark Inc. acquired a new position in American Airlines Group in the 1st quarter valued at about $30,000. Finally, Golden State Wealth Management LLC grew its position in American Airlines Group by 121.4% in the 1st 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 currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. The Goldman Sachs Group downgraded 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. Susquehanna dropped their target price on American Airlines Group from $18.00 to $10.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Barclays lifted their target price on American Airlines Group from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Bank of America lifted their target price on American Airlines Group from $10.00 to $12.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Finally, UBS Group boosted their price objective on American Airlines Group from $9.00 to $12.00 and gave the stock a "neutral" rating in a research report on Monday, July 7th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.76.

American Airlines Group Stock Down 4.0%

AAL stock opened at $11.03 on Monday. The business has a 50 day moving average price of $11.52 and a 200 day moving average price of $12.36. The stock has a market cap of $7.28 billion, a price-to-earnings ratio of 13.79, a PEG ratio of 2.50 and a beta of 1.43. American Airlines Group Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its earnings results on Thursday, July 24th. The airline reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.79 by $0.16. The firm had revenue of $14.39 billion during the quarter, compared to analysts' expectations of $14.27 billion. American Airlines Group had a negative return on equity of 24.55% and a net margin of 1.05%. The firm's revenue was up .4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.09 earnings per share. As a group, sell-side analysts anticipate that American Airlines Group Inc. will post 2.42 EPS for the current year.

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.

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