Point72 Asia Singapore Pte. Ltd. Cuts Position in American Airlines Group Inc. (NASDAQ:AAL)

Point72 Asia Singapore Pte. Ltd. reduced its stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 97.3% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 4,119 shares of the airline's stock after selling 148,364 shares during the period. Point72 Asia Singapore Pte. Ltd.'s holdings in American Airlines Group were worth $72,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Zacks Investment Management bought a new position in American Airlines Group during the 4th quarter worth $4,409,000. Raymond James Financial Inc. bought a new position in shares of American Airlines Group in the 4th quarter worth about $3,858,000. Amundi raised its position 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 worth $7,510,000 after acquiring an additional 425,347 shares in the last quarter. KBC Group NV raised its position in shares of American Airlines Group by 46.0% in the 4th quarter. KBC Group NV now owns 8,982 shares of the airline's stock worth $157,000 after acquiring an additional 2,830 shares in the last quarter. Finally, Janney Montgomery Scott LLC raised its position in shares of American Airlines Group by 16.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 16,119 shares of the airline's stock worth $281,000 after acquiring an additional 2,295 shares in the last quarter. 52.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently weighed in on AAL shares. Raymond James lowered their price objective on American Airlines Group from $15.00 to $14.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Redburn Partners raised American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 price objective for the company in a research report on Wednesday, February 26th. Barclays lowered their price objective on American Airlines Group from $16.00 to $11.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Sanford C. Bernstein lifted their price objective on American Airlines Group from $12.00 to $15.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. Finally, Wall Street Zen lowered American Airlines Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $15.68.

American Airlines Group Stock Down 1.8%

AAL stock traded down $0.21 during mid-day trading on Friday, reaching $11.19. 46,732,529 shares of the company traded hands, compared to its average volume of 41,364,487. The stock has a market cap of $7.38 billion, a price-to-earnings ratio of 9.82, a P/E/G ratio of 0.21 and a beta of 1.31. American Airlines Group Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $19.10. The firm's 50 day moving average price is $10.52 and its 200 day moving average price is $13.96.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings results 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 business 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 28.56% and a net margin of 1.56%. The company's quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.34) EPS. On average, 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.