Vanguard Group Inc. Grows Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

Vanguard Group Inc. increased its position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 1.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 63,625,284 shares of the airline's stock after buying an additional 639,760 shares during the quarter. Vanguard Group Inc. owned about 9.65% of American Airlines Group worth $671,247,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in AAL. U S Global Investors Inc. increased its holdings in American Airlines Group by 8.7% during the 1st quarter. U S Global Investors Inc. now owns 7,181,246 shares of the airline's stock worth $75,762,000 after purchasing an additional 576,612 shares in the last quarter. Northern Trust Corp increased its holdings in American Airlines Group by 22.0% during the 4th quarter. Northern Trust Corp now owns 5,437,904 shares of the airline's stock worth $94,783,000 after purchasing an additional 980,409 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in American Airlines Group by 21.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,280,289 shares of the airline's stock worth $92,043,000 after purchasing an additional 943,336 shares in the last quarter. Voloridge Investment Management LLC bought a new stake in American Airlines Group during the 4th quarter worth approximately $60,190,000. Finally, Two Sigma Advisers LP bought a new position in shares of American Airlines Group in the fourth quarter valued at approximately $42,693,000. 52.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on AAL shares. TD Cowen increased their price target on American Airlines Group to $13.00 and gave the company an "unchanged" rating in a research report on Friday, April 25th. Barclays increased their price target on American Airlines Group from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Raymond James Financial decreased their price target on American Airlines Group from $15.00 to $14.00 and set an "outperform" rating for the company in a research report on Friday, April 25th. Bank of America increased their price target on American Airlines Group from $10.00 to $12.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Finally, UBS Group increased their price target on American Airlines Group from $9.00 to $12.00 and gave the company a "neutral" rating in a research report on Monday, July 7th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $16.76.

American Airlines Group Price Performance

NASDAQ AAL traded up $0.35 during trading hours on Friday, reaching $13.17. 49,587,886 shares of the stock traded hands, compared to its average volume of 69,075,064. The stock has a 50 day simple moving average of $11.67 and a two-hundred day simple moving average of $11.97. American Airlines Group Inc. has a 1 year low of $8.50 and a 1 year high of $19.10. The company has a market cap of $8.69 billion, a price-to-earnings ratio of 16.46, a price-to-earnings-growth ratio of 3.00 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings results on Thursday, July 24th. The airline reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates of $0.79 by $0.16. American Airlines Group had a negative return on equity of 24.55% and a net margin of 1.05%. The business had revenue of $14.39 billion for the quarter, compared to the consensus estimate of $14.27 billion. During the same quarter last year, the business posted $1.09 earnings per share. The company's revenue for the quarter was up .4% on a year-over-year basis. On average, sell-side analysts forecast 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.