Teacher Retirement System of Texas Purchases New Position in American Airlines Group Inc. (NASDAQ:AAL)

Teacher Retirement System of Texas bought a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 24,017 shares of the airline's stock, valued at approximately $253,000.

Other large investors have also recently made changes to their positions in the company. Elequin Capital LP boosted its position in shares of American Airlines Group by 208.5% during the 4th quarter. Elequin Capital LP now owns 1,749 shares of the airline's stock valued at $30,000 after acquiring an additional 1,182 shares during the last quarter. Golden State Wealth Management LLC lifted 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 worth $33,000 after buying an additional 1,709 shares during the last quarter. Bernard Wealth Management Corp. bought a new stake in American Airlines Group in the 4th quarter worth approximately $42,000. Harvest Fund Management Co. Ltd bought a new stake in American Airlines Group in the 4th quarter worth approximately $45,000. Finally, Full Sail Capital LLC bought a new stake in American Airlines Group in the 4th quarter worth approximately $58,000. 52.44% of the stock is owned by hedge funds and other institutional investors.

American Airlines Group Stock Performance

AAL traded up $0.18 during trading on Wednesday, hitting $12.68. 75,382,127 shares of the stock were exchanged, compared to its average volume of 44,941,642. The firm has a 50 day simple moving average of $11.54 and a 200 day simple moving average of $12.71. The firm has a market cap of $8.36 billion, a price-to-earnings ratio of 14.09, a P/E/G ratio of 1.85 and a beta of 1.36. American Airlines Group Inc. has a 1 year low of $8.50 and a 1 year high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $12.71 billion. During the same period last year, the business posted ($0.34) EPS. American Airlines Group's quarterly revenue was down .2% on a year-over-year basis. As a group, equities analysts anticipate that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several research firms have recently issued reports on AAL. Bank of America boosted their target price on American Airlines Group from $10.00 to $12.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Susquehanna reduced their target price on American Airlines Group from $18.00 to $10.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Jefferies Financial Group restated a "hold" rating and set a $12.00 price target (down from $20.00) on shares of American Airlines Group in a research report on Tuesday, April 1st. Raymond James Financial dropped their price target on 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 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. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, 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.