Wexford Capital LP Acquires Shares of 23,263 American Airlines Group Inc. (NASDAQ:AAL)

Wexford Capital LP acquired a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 23,263 shares of the airline's stock, valued at approximately $405,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. lifted its stake in American Airlines Group by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 62,985,524 shares of the airline's stock worth $1,097,838,000 after purchasing an additional 953,766 shares during the last quarter. Primecap Management Co. CA lifted its stake in American Airlines Group by 5.0% in the fourth quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline's stock worth $1,049,734,000 after purchasing an additional 2,886,041 shares during the last quarter. Northern Trust Corp lifted its stake in American Airlines Group by 22.0% in the fourth 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 during the last quarter. Dimensional Fund Advisors LP lifted its stake in American Airlines Group by 21.8% in the fourth 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 during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in American Airlines Group by 69.5% in the fourth quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline's stock worth $44,892,000 after purchasing an additional 1,055,667 shares during the last quarter. Institutional investors own 52.44% of the company's stock.

American Airlines Group Stock Performance

NASDAQ:AAL opened at $11.86 on Tuesday. American Airlines Group Inc. has a 12 month low of $8.50 and a 12 month high of $19.10. The firm has a fifty day simple moving average of $10.49 and a 200-day simple moving average of $14.02. The company has a market capitalization of $7.82 billion, a P/E ratio of 10.40, a PEG ratio of 0.21 and a beta of 1.31.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its earnings results on Thursday, April 24th. The airline reported ($0.59) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.69) by $0.10. The company had revenue of $12.55 billion during the quarter, compared to the consensus estimate of $12.71 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. The firm'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) earnings per share. Equities analysts forecast that American Airlines Group Inc. will post 2.42 EPS for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on AAL. Susquehanna decreased their price objective on shares of American Airlines Group from $18.00 to $10.00 and set a "neutral" rating for the company in a research note on Monday, April 7th. JPMorgan Chase & Co. reduced their target price on shares of American Airlines Group from $30.00 to $26.00 and set an "overweight" rating on the stock in a research report on Monday, March 3rd. The Goldman Sachs Group lowered shares of American Airlines Group from a "neutral" rating to a "sell" rating and reduced their target price for the stock from $16.00 to $8.00 in a research report on Tuesday, April 8th. Sanford C. Bernstein raised their target price 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. Finally, Redburn Partners raised shares of American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 target price on the stock in a research report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target 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.

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