New York State Teachers Retirement System Acquires 92,566 Shares of American Airlines Group Inc. (NASDAQ:AAL)

New York State Teachers Retirement System increased its position in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 14.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 722,397 shares of the airline's stock after purchasing an additional 92,566 shares during the quarter. New York State Teachers Retirement System owned approximately 0.11% of American Airlines Group worth $7,621,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Elequin Capital LP increased its stake 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. Bernard Wealth Management Corp. bought a new position in shares of American Airlines Group during the 4th quarter valued at about $42,000. Harvest Fund Management Co. Ltd acquired a new stake in American Airlines Group in the 4th quarter valued at approximately $45,000. Golden State Wealth Management LLC raised its position in American Airlines Group by 121.4% in the 1st quarter. Golden State Wealth Management LLC now owns 3,117 shares of the airline's stock valued at $33,000 after buying an additional 1,709 shares during the last quarter. Finally, GeoWealth Management LLC increased its position in shares of American Airlines Group by 107.6% during the 4th quarter. GeoWealth Management LLC now owns 3,819 shares of the airline's stock worth $67,000 after purchasing an additional 1,979 shares during the last quarter. 52.44% of the stock is owned by institutional investors.

American Airlines Group Trading Up 0.5%

Shares of American Airlines Group stock opened at $11.69 on Friday. The stock has a fifty day simple moving average of $11.16 and a 200 day simple moving average of $13.15. American Airlines Group Inc. has a 12-month low of $8.50 and a 12-month high of $19.10. The company has a market capitalization of $7.71 billion, a P/E ratio of 12.99, a price-to-earnings-growth ratio of 1.61 and a beta of 1.36.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.69) by $0.10. The firm had revenue of $12.55 billion during the quarter, compared to the consensus estimate of $12.71 billion. American Airlines Group had a negative return on equity of 26.59% and a net margin of 1.26%. The business's revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.34) EPS. On average, analysts predict that American Airlines Group Inc. will post 2.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. 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 report on Tuesday, May 13th. The Goldman Sachs Group downgraded American Airlines Group from a "neutral" rating to a "sell" rating and dropped their price objective for the stock from $16.00 to $8.00 in a research report on Tuesday, April 8th. Bank of America upped their target price on American Airlines Group from $10.00 to $12.00 and gave the stock a "neutral" rating in a report on Tuesday. Wall Street Zen cut American Airlines Group from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. Finally, Citigroup lowered their price objective on American Airlines Group from $21.50 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, American Airlines Group has a consensus rating of "Moderate Buy" and a consensus price target of $15.68.

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.

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