Polar Asset Management Partners Inc. Takes $8.01 Million Position in American Airlines Group Inc. (NASDAQ:AAL)

Polar Asset Management Partners Inc. purchased a new position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 459,522 shares of the airline's stock, valued at approximately $8,009,000. Polar Asset Management Partners Inc. owned about 0.07% of American Airlines Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new position in shares of American Airlines Group during the 4th quarter worth $25,000. Elequin Capital LP raised its position in American Airlines Group by 208.5% during the fourth quarter. Elequin Capital LP now owns 1,749 shares of the airline's stock valued at $30,000 after purchasing an additional 1,182 shares in the last quarter. Bfsg LLC boosted its stake in American Airlines Group by 269.3% in the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline's stock worth $36,000 after buying an additional 1,500 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 $42,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of American Airlines Group in the fourth quarter worth about $45,000. 52.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AAL has been the subject of several analyst reports. TD Cowen increased their price target on shares of American Airlines Group to $13.00 and gave the company an "unchanged" rating in a research report on Friday, April 25th. Bank of America reduced their price objective on American Airlines Group from $16.00 to $12.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. UBS Group reduced their price objective on shares of American Airlines Group from $13.00 to $9.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. Wall Street Zen downgraded American Airlines Group from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. Finally, Susquehanna dropped their target price on shares of American Airlines Group from $18.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $15.68.

American Airlines Group Stock Performance

Shares of NASDAQ:AAL remained flat at $11.40 during trading on Friday. The company had a trading volume of 62,887,549 shares, compared to its average volume of 41,235,646. American Airlines Group Inc. has a 12-month low of $8.50 and a 12-month high of $19.10. The firm has a 50-day moving average of $10.51 and a 200-day moving average of $13.88. The firm has a market capitalization of $7.52 billion, a P/E ratio of 10.00, a price-to-earnings-growth ratio of 0.21 and a beta of 1.31.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $12.71 billion. During the same period in the prior year, the company earned ($0.34) earnings per share. The firm's revenue was down .2% on a year-over-year basis. Research analysts expect 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.