Teacher Retirement System of Texas Takes $253,000 Position in American Airlines Group Inc. (NASDAQ:AAL)

Teacher Retirement System of Texas acquired a new position in American Airlines Group Inc. (NASDAQ:AAL - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 24,017 shares of the airline's stock, valued at approximately $253,000.

Several other institutional investors also recently modified their holdings of AAL. Vontobel Holding Ltd. bought a new stake in American Airlines Group during the first quarter valued at $1,338,000. New York State Teachers Retirement System boosted its position in American Airlines Group by 14.7% during the first quarter. New York State Teachers Retirement System now owns 722,397 shares of the airline's stock valued at $7,621,000 after acquiring an additional 92,566 shares during the last quarter. KBC Group NV boosted its position in American Airlines Group by 821.2% during the first quarter. KBC Group NV now owns 82,742 shares of the airline's stock valued at $873,000 after acquiring an additional 73,760 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. bought a new stake in American Airlines Group during the first quarter valued at $870,000. Finally, U S Global Investors Inc. boosted its position in American Airlines Group by 8.7% during the first quarter. U S Global Investors Inc. now owns 7,181,246 shares of the airline's stock valued at $75,762,000 after acquiring an additional 576,612 shares during the last quarter. Institutional investors own 52.44% of the company's stock.

American Airlines Group Price Performance

NASDAQ:AAL traded up $0.13 during trading hours on Tuesday, hitting $12.45. The stock had a trading volume of 35,609,710 shares, compared to its average volume of 44,667,998. American Airlines Group Inc. has a one year low of $8.50 and a one year high of $19.10. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of 13.82, a P/E/G ratio of 1.85 and a beta of 1.36. The company has a 50 day simple moving average of $11.52 and a two-hundred day simple moving average of $12.71.

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, topping analysts' consensus estimates of ($0.69) by $0.10. American Airlines Group had a net margin of 1.26% and a negative return on equity of 26.59%. The company had revenue of $12.55 billion during the quarter, compared to the consensus estimate of $12.71 billion. During the same period in the previous year, the firm posted ($0.34) EPS. The firm's revenue was down .2% compared to the same quarter last year. Equities research analysts anticipate that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

Wall Street Analyst Weigh In

AAL has been the topic of a number of research analyst reports. Susquehanna cut their price target on shares of American Airlines Group from $18.00 to $10.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Barclays increased their price objective on shares of American Airlines Group from $11.00 to $12.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 10th. TD Cowen increased their price objective on shares of American Airlines Group to $13.00 and gave the stock an "unchanged" rating in a research report on Friday, April 25th. Raymond James Financial cut their price objective on shares of American Airlines Group from $15.00 to $14.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. Finally, Sanford C. Bernstein increased their price objective on shares of American Airlines Group from $12.00 to $15.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $15.89.

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.