Neo Ivy Capital Management Has $1.91 Million Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Neo Ivy Capital Management grew its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 155.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 109,713 shares of the airline's stock after buying an additional 66,775 shares during the period. Neo Ivy Capital Management's holdings in American Airlines Group were worth $1,912,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in AAL. Avantax Advisory Services Inc. raised its holdings in American Airlines Group by 4.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 14,751 shares of the airline's stock worth $257,000 after purchasing an additional 635 shares in the last quarter. Oregon Public Employees Retirement Fund raised its holdings in American Airlines Group by 0.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 133,774 shares of the airline's stock worth $2,332,000 after purchasing an additional 774 shares in the last quarter. M&T Bank Corp raised its holdings in American Airlines Group by 2.4% during the fourth quarter. M&T Bank Corp now owns 34,525 shares of the airline's stock worth $602,000 after purchasing an additional 794 shares in the last quarter. CIBC Asset Management Inc raised its holdings in American Airlines Group by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 19,987 shares of the airline's stock worth $348,000 after purchasing an additional 981 shares in the last quarter. Finally, Elequin Capital LP increased its holdings in shares of American Airlines Group by 208.5% in the fourth 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. Institutional investors own 52.44% of the company's stock.

Analysts Set New Price Targets

AAL has been the topic of several research reports. JPMorgan Chase & Co. dropped their price target on American Airlines Group from $30.00 to $26.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. TD Cowen upped their price target on American Airlines Group to $13.00 and gave the company an "unchanged" rating in a report on Friday, April 25th. Barclays dropped their price target on American Airlines Group from $16.00 to $11.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Wall Street Zen cut American Airlines Group from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. Finally, The Goldman Sachs Group cut American Airlines Group from a "neutral" rating to a "sell" rating and dropped their price target for the company from $16.00 to $8.00 in a report on Tuesday, April 8th. 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. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $15.68.

American Airlines Group Stock Up 4.0%

AAL stock traded up $0.45 during mid-day trading on Tuesday, reaching $11.64. 69,554,034 shares of the stock traded hands, compared to its average volume of 41,564,291. The firm has a market capitalization of $7.68 billion, a PE ratio of 10.21, a P/E/G ratio of 0.21 and a beta of 1.31. The business has a 50-day moving average of $10.52 and a two-hundred day moving average of $13.95. 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 issued its quarterly 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. The company had revenue of $12.55 billion for the quarter, compared to the consensus estimate of $12.71 billion. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. The firm's revenue was down .2% compared to the same quarter last year. During the same period last year, the business posted ($0.34) earnings per share. On average, equities research analysts anticipate that American Airlines Group Inc. will post 2.42 EPS for the current fiscal 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.