Mackenzie Financial Corp Acquires New Stake in American Airlines Group Inc. (NASDAQ:AAL)

Mackenzie Financial Corp purchased a new position in American Airlines Group Inc. (NASDAQ:AAL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 103,081 shares of the airline's stock, valued at approximately $1,797,000.

A number of other large investors have also made changes to their positions in AAL. Vanguard Group Inc. increased its holdings in shares of American Airlines Group by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 62,985,524 shares of the airline's stock valued at $1,097,838,000 after acquiring an additional 953,766 shares in the last quarter. Primecap Management Co. CA grew its position in American Airlines Group by 5.0% during the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline's stock worth $1,049,734,000 after purchasing an additional 2,886,041 shares during the last quarter. Northern Trust Corp increased its stake in American Airlines Group by 22.0% during the 4th quarter. Northern Trust Corp now owns 5,437,904 shares of the airline's stock valued at $94,783,000 after purchasing an additional 980,409 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in American Airlines Group by 21.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,280,289 shares of the airline's stock valued at $92,043,000 after purchasing an additional 943,336 shares in the last quarter. Finally, Voloridge Investment Management LLC purchased a new position in shares of American Airlines Group in the fourth quarter worth $60,190,000. 52.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. The Goldman Sachs Group lowered shares of American Airlines Group from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $16.00 to $8.00 in a report on Tuesday, April 8th. Redburn Atlantic upgraded American Airlines Group from a "neutral" rating to a "buy" rating and boosted their price target for the company from $18.00 to $24.00 in a research note on Wednesday, February 26th. TD Cowen increased their price objective on American Airlines Group to $13.00 and gave the company an "unchanged" rating in a report on Friday, April 25th. Redburn Partners raised American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 target price for the company in a report on Wednesday, February 26th. Finally, UBS Group dropped their target price on American Airlines Group from $13.00 to $9.00 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 issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $15.68.

American Airlines Group Stock Performance

American Airlines Group stock traded down $0.05 during trading on Wednesday, reaching $11.42. The company had a trading volume of 43,189,393 shares, compared to its average volume of 41,257,909. The firm has a market capitalization of $7.53 billion, a PE ratio of 10.02, a price-to-earnings-growth ratio of 0.21 and a beta of 1.39. The firm's 50-day simple moving average is $10.53 and its 200 day simple moving average is $13.82. American Airlines Group Inc. has a 1-year low of $8.50 and a 1-year high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its earnings results on Thursday, April 24th. The airline reported ($0.59) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.69) by $0.10. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. The business had revenue of $12.55 billion for the quarter, compared to analyst estimates of $12.71 billion. During the same quarter last year, the business earned ($0.34) earnings per share. The company's revenue for the quarter was down .2% compared to the same quarter last year. Analysts anticipate that American Airlines Group Inc. will post 2.42 EPS for the current year.

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.