Sumitomo Mitsui Trust Group Inc. Makes New $870,000 Investment in American Airlines Group Inc. (NASDAQ:AAL)

Sumitomo Mitsui Trust Group Inc. bought a new position in American Airlines Group Inc. (NASDAQ:AAL - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 82,500 shares of the airline's stock, valued at approximately $870,000.

Other institutional investors also recently modified their holdings of the company. Zacks Investment Management purchased a new stake in shares of American Airlines Group during the fourth quarter valued at $4,409,000. Raymond James Financial Inc. purchased a new position in American Airlines Group in the fourth quarter worth about $3,858,000. Wealth Enhancement Advisory Services LLC boosted its position in American Airlines Group by 11.1% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 51,470 shares of the airline's stock worth $897,000 after purchasing an additional 5,152 shares during the last quarter. Amundi boosted its position in American Airlines Group by 31,647.8% in the fourth quarter. Amundi now owns 426,691 shares of the airline's stock worth $7,510,000 after purchasing an additional 425,347 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in American Airlines Group by 99.5% in the first quarter. Janney Montgomery Scott LLC now owns 32,160 shares of the airline's stock worth $339,000 after purchasing an additional 16,041 shares during the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. UBS Group dropped their target price on American Airlines Group from $13.00 to $9.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Raymond James Financial decreased their price objective on 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. Bank of America raised their price objective on American Airlines Group from $10.00 to $12.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 1st. Jefferies Financial Group reaffirmed a "hold" rating and issued a $12.00 price objective (down previously from $20.00) on shares of American Airlines Group in a research note on Tuesday, April 1st. Finally, Sanford C. Bernstein raised their price objective on American Airlines Group from $12.00 to $15.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, American Airlines Group presently has an average rating of "Moderate Buy" and an average target price of $15.68.

American Airlines Group Stock Up 0.5%

AAL traded up $0.06 during trading hours on Friday, reaching $11.69. 30,316,593 shares of the company's stock traded hands, compared to its average volume of 43,202,185. The firm has a 50-day moving average price of $11.16 and a 200 day moving average price of $13.12. American Airlines Group Inc. has a 52-week low of $8.50 and a 52-week high of $19.10. The firm has a market capitalization of $7.71 billion, a PE ratio of 12.99, a PEG ratio of 1.61 and a beta of 1.36.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted 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. American Airlines Group had a negative return on equity of 26.59% and a net margin of 1.26%. The company had revenue of $12.55 billion during the quarter, compared to analysts' expectations of $12.71 billion. During the same quarter in the previous year, the business earned ($0.34) EPS. American Airlines Group's revenue was down .2% compared to the same quarter last year. Equities analysts predict 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.