American Airlines Group Inc. (NASDAQ:AAL) Shares Purchased by Neo Ivy Capital Management

Neo Ivy Capital Management boosted its stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 155.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 109,713 shares of the airline's stock after purchasing an additional 66,775 shares during the period. Neo Ivy Capital Management's holdings in American Airlines Group were worth $1,912,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Zacks Investment Management purchased a new position in American Airlines Group during the fourth quarter valued at approximately $4,409,000. Raymond James Financial Inc. purchased a new position in shares of American Airlines Group during the 4th quarter valued at approximately $3,858,000. Amundi lifted its stake in shares of American Airlines Group by 31,647.8% in the 4th quarter. Amundi now owns 426,691 shares of the airline's stock valued at $7,510,000 after purchasing an additional 425,347 shares during the period. KBC Group NV boosted its holdings in American Airlines Group by 46.0% during the fourth quarter. KBC Group NV now owns 8,982 shares of the airline's stock worth $157,000 after buying an additional 2,830 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in American Airlines Group by 16.6% during the fourth quarter. Janney Montgomery Scott LLC now owns 16,119 shares of the airline's stock valued at $281,000 after buying an additional 2,295 shares during the period. Hedge funds and other institutional investors own 52.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. The Goldman Sachs Group lowered 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 raised shares of American Airlines Group from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $18.00 to $24.00 in a research note on Wednesday, February 26th. JPMorgan Chase & Co. decreased their price target on shares of American Airlines Group from $30.00 to $26.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. UBS Group lowered their price objective on American Airlines Group from $13.00 to $9.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Finally, 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. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.68.

American Airlines Group Price Performance

Shares of NASDAQ AAL traded down $0.16 during midday trading on Wednesday, hitting $11.49. The company's stock had a trading volume of 37,655,037 shares, compared to its average volume of 41,553,343. The firm has a market capitalization of $7.57 billion, a price-to-earnings ratio of 10.07, a price-to-earnings-growth ratio of 0.21 and a beta of 1.31. The business's fifty day simple moving average is $10.52 and its two-hundred day simple moving average is $13.93. 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 issued its quarterly earnings results on Thursday, April 24th. The airline reported ($0.59) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.10. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. The company had revenue of $12.55 billion for the quarter, compared to the consensus estimate of $12.71 billion. During the same quarter in the prior year, the business earned ($0.34) EPS. American Airlines Group's revenue was down .2% on a year-over-year basis. Analysts anticipate 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.