KBC Group NV Raises Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

KBC Group NV raised its stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 821.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 82,742 shares of the airline's stock after purchasing an additional 73,760 shares during the quarter. KBC Group NV's holdings in American Airlines Group were worth $873,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Elequin Capital LP grew its stake 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 buying an additional 1,182 shares in the last quarter. Golden State Wealth Management LLC grew its position in shares of 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 purchasing an additional 1,709 shares in the last quarter. Bernard Wealth Management Corp. purchased a new position in shares of American Airlines Group in the fourth quarter valued at $42,000. Harvest Fund Management Co. Ltd purchased a new position in shares of American Airlines Group in the fourth quarter valued at $45,000. Finally, Full Sail Capital LLC purchased a new position in shares of American Airlines Group in the fourth quarter valued at $58,000. Hedge funds and other institutional investors own 52.44% of the company's stock.

American Airlines Group Stock Up 0.5%

Shares of AAL traded up $0.06 during trading hours on Friday, reaching $11.69. 30,316,593 shares of the company traded hands, compared to its average volume of 43,202,185. The business has a fifty day moving average price of $11.16 and a 200-day moving average price of $13.12. The stock has a market capitalization of $7.71 billion, a P/E ratio of 12.99, a P/E/G ratio of 1.61 and a beta of 1.36. American Airlines Group Inc. has a 12-month low of $8.50 and a 12-month high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The airline reported ($0.59) earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 firm had revenue of $12.55 billion for the quarter, compared to the consensus estimate of $12.71 billion. During the same period in the prior year, the firm posted ($0.34) earnings per share. The firm's quarterly revenue was down .2% compared to the same quarter last year. As a group, research analysts predict that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

Analysts Set New Price Targets

AAL has been the subject of a number of recent analyst reports. UBS Group reduced their price target on shares of American Airlines Group from $13.00 to $9.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Sanford C. Bernstein boosted their target price on American Airlines Group from $12.00 to $15.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Raymond James Financial reduced their target price 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. Susquehanna cut their price objective on American Airlines Group from $18.00 to $10.00 and set a "neutral" rating for the company in a report on Monday, April 7th. Finally, Bank of America boosted 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. One investment 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 stock. According to data from MarketBeat, American Airlines Group currently has an average rating of "Moderate Buy" and an average price target of $15.68.

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.