New Age Alpha Advisors LLC Grows Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Key Points

• New Age Alpha Advisors LLC increased its holdings in American Airlines Group by 97.2%, acquiring an additional 65,687 shares, bringing its total to 133,242 shares valued at approximately $1.4 million.
• AAL reported a quarterly earnings per share of $0.95, surpassing the estimated $0.79, and its revenue of $14.39 billion exceeded analyst predictions.
• Institutional investors currently own over 52% of American Airlines Group, with several firms significantly increasing their positions in the company during recent quarters.

New Age Alpha Advisors LLC boosted its stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 97.2% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 133,242 shares of the airline's stock after buying an additional 65,687 shares during the period. New Age Alpha Advisors LLC's holdings in American Airlines Group were worth $1,406,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of AAL. O Shaughnessy Asset Management LLC raised its stake in shares of American Airlines Group by 11.8% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 17,600 shares of the airline's stock valued at $307,000 after acquiring an additional 1,860 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of American Airlines Group by 5.6% during the fourth quarter. Envestnet Asset Management Inc. now owns 38,133 shares of the airline's stock valued at $665,000 after buying an additional 2,011 shares during the last quarter. Quadrant Capital Group LLC boosted its position in shares of American Airlines Group by 25.6% during the fourth quarter. Quadrant Capital Group LLC now owns 8,265 shares of the airline's stock valued at $144,000 after buying an additional 1,683 shares during the last quarter. Federated Hermes Inc. boosted its holdings in American Airlines Group by 424.9% during the fourth quarter. Federated Hermes Inc. now owns 369,493 shares of the airline's stock worth $6,440,000 after purchasing an additional 299,103 shares during the last quarter. Finally, Shelton Capital Management purchased a new position in American Airlines Group during the fourth quarter worth about $438,000. Institutional investors and hedge funds own 52.44% of the company's stock.

American Airlines Group Price Performance

NASDAQ:AAL traded up $1.25 during mid-day trading on Tuesday, hitting $12.83. 57,388,992 shares of the company's stock were exchanged, compared to its average volume of 56,553,523. American Airlines Group Inc. has a one year low of $8.50 and a one year high of $19.10. The business has a fifty day moving average price of $11.55 and a 200 day moving average price of $12.05. The company has a market cap of $8.46 billion, a PE ratio of 16.02, a P/E/G ratio of 2.64 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The airline reported $0.95 EPS for the quarter, topping the consensus estimate of $0.79 by $0.16. The business had revenue of $14.39 billion for the quarter, compared to analyst estimates of $14.27 billion. American Airlines Group had a net margin of 1.05% and a negative return on equity of 24.55%. American Airlines Group's quarterly revenue was up .4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.09 earnings per share. On average, equities analysts forecast that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

Analysts Set New Price Targets

AAL has been the topic of a number of research analyst reports. TD Cowen boosted their target price on shares of American Airlines Group to $13.00 and gave the company an "unchanged" rating in a research note on Friday, April 25th. Sanford C. Bernstein boosted their target price on American Airlines Group from $12.00 to $15.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. Bank of America boosted their target price on American Airlines Group from $10.00 to $12.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Barclays boosted their target price on American Airlines Group from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. Finally, Raymond James Financial dropped their price target on shares of American Airlines Group from $15.00 to $14.00 and set an "outperform" rating on the stock in a research note on Friday, April 25th. 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 given a strong buy rating to the company. According to data from MarketBeat.com, American Airlines Group has an average rating of "Moderate Buy" and a consensus price target of $16.76.

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.