Two Sigma Advisers LP Acquires New Shares in American Airlines Group Inc. (NASDAQ:AAL)

Two Sigma Advisers LP purchased a new stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,449,400 shares of the airline's stock, valued at approximately $42,693,000. Two Sigma Advisers LP owned about 0.37% of American Airlines Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently bought and sold shares of AAL. Primecap Management Co. CA grew its position in shares of American Airlines Group by 5.0% in the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline's stock worth $1,049,734,000 after acquiring an additional 2,886,041 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of American Airlines Group in the 4th quarter worth approximately $40,333,000. Alyeska Investment Group L.P. bought a new stake in shares of American Airlines Group in the 4th quarter worth approximately $35,141,000. Norges Bank acquired a new position in American Airlines Group during the 4th quarter valued at approximately $20,696,000. Finally, Principal Financial Group Inc. boosted its position in American Airlines Group by 69.5% during the 4th quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline's stock valued at $44,892,000 after purchasing an additional 1,055,667 shares during the period. Hedge funds and other institutional investors own 52.44% of the company's stock.

American Airlines Group Trading Down 1.8%

Shares of NASDAQ AAL traded down $0.21 during mid-day trading on Friday, reaching $11.19. The company had a trading volume of 46,732,529 shares, compared to its average volume of 41,451,872. The stock has a market cap of $7.38 billion, a PE ratio of 9.82, a P/E/G ratio of 0.21 and a beta of 1.31. The company has a 50-day moving average price of $10.52 and a two-hundred day moving average price of $13.96. 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 issued its earnings results 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. The business had revenue of $12.55 billion for the quarter, compared to analysts' expectations 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 period in the previous year, the firm posted ($0.34) EPS. On average, research analysts expect that American Airlines Group Inc. will post 2.42 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. UBS Group reduced their price objective on American Airlines Group from $13.00 to $9.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. The Goldman Sachs Group downgraded American Airlines Group from a "neutral" rating to a "sell" rating and cut their target price for the company from $16.00 to $8.00 in a research note on Tuesday, April 8th. Bank of America cut their target price on American Airlines Group from $16.00 to $12.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Raymond James cut their target price 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. Finally, Redburn Atlantic raised American Airlines Group from a "neutral" rating to a "buy" rating and lifted their target price for the company from $18.00 to $24.00 in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have given 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 $15.68.

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.