Voloridge Investment Management LLC acquired a new stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 3,453,232 shares of the airline's stock, valued at approximately $60,190,000. Voloridge Investment Management LLC owned 0.53% of American Airlines Group as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also modified their holdings of the company. Zacks Investment Management acquired a new position in American Airlines Group during the 4th quarter worth approximately $4,409,000. Raymond James Financial Inc. acquired a new position in American Airlines Group during the 4th quarter worth approximately $3,858,000. Amundi boosted its position in American Airlines Group by 31,647.8% during the 4th quarter. Amundi now owns 426,691 shares of the airline's stock worth $7,510,000 after acquiring an additional 425,347 shares during the last quarter. KBC Group NV boosted its position in American Airlines Group by 46.0% during the 4th quarter. KBC Group NV now owns 8,982 shares of the airline's stock worth $157,000 after acquiring an additional 2,830 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its position in American Airlines Group by 16.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,119 shares of the airline's stock worth $281,000 after acquiring an additional 2,295 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.
American Airlines Group Price Performance
AAL stock opened at $11.65 on Wednesday. The stock has a market capitalization of $7.68 billion, a price-to-earnings ratio of 10.22, a PEG ratio of 0.21 and a beta of 1.31. The business's fifty day moving average price is $10.51 and its two-hundred day moving average price is $14.01. American Airlines Group Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $19.10.
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 for the quarter, topping the consensus estimate of ($0.69) by $0.10. The firm 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% compared to the same quarter last year. During the same quarter last year, the business earned ($0.34) EPS. Research analysts expect that American Airlines Group Inc. will post 2.42 EPS for the current year.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Barclays reduced their price target on American Airlines Group from $16.00 to $11.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Citigroup reduced their price target on American Airlines Group from $21.50 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. JPMorgan Chase & Co. dropped their price objective on American Airlines Group from $30.00 to $26.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Jefferies Financial Group reiterated a "hold" rating and set 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, UBS Group dropped their price objective on American Airlines Group from $13.00 to $9.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $15.68.
Get Our Latest Analysis on American Airlines Group
About American Airlines Group
(
Free Report)
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.
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