XTX Topco Ltd Lowers Stock Position in American Airlines Group Inc. $AAL

XTX Topco Ltd cut its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 75.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 19,562 shares of the airline's stock after selling 58,885 shares during the quarter. XTX Topco Ltd's holdings in American Airlines Group were worth $206,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AAL. Federated Hermes Inc. increased its holdings in American Airlines Group by 305.8% in the 1st quarter. Federated Hermes Inc. now owns 1,499,338 shares of the airline's stock valued at $15,818,000 after purchasing an additional 1,129,845 shares during the last quarter. Norden Group LLC acquired a new position in American Airlines Group during the 1st quarter worth about $305,000. LPL Financial LLC boosted its holdings in American Airlines Group by 38.7% during the 1st quarter. LPL Financial LLC now owns 370,940 shares of the airline's stock valued at $3,913,000 after acquiring an additional 103,413 shares during the period. Nvwm LLC grew its position in American Airlines Group by 30,000.0% in the 1st quarter. Nvwm LLC now owns 4,515 shares of the airline's stock valued at $48,000 after acquiring an additional 4,500 shares in the last quarter. Finally, Assetmark Inc. acquired a new position in shares of American Airlines Group during the first quarter worth about $30,000. Institutional investors and hedge funds own 52.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AAL. Sanford C. Bernstein upped their price objective 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. Raymond James Financial reduced their price objective on shares of 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 lifted their price objective on American Airlines Group from $10.00 to $12.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. UBS Group increased their target price on American Airlines Group from $9.00 to $12.00 and gave the stock a "neutral" rating in a research note on Monday, July 7th. Finally, TD Cowen raised their price target on American Airlines Group to $13.00 and gave the company an "unchanged" rating in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.76.

American Airlines Group Stock Up 0.7%

Shares of AAL traded up $0.10 during mid-day trading on Monday, reaching $13.27. 20,708,646 shares of the company's stock were exchanged, compared to its average volume of 56,745,563. American Airlines Group Inc. has a 52-week low of $8.50 and a 52-week high of $19.10. The company has a market cap of $8.75 billion, a price-to-earnings ratio of 16.56, a PEG ratio of 3.00 and a beta of 1.43. The company has a 50-day simple moving average of $11.67 and a two-hundred day simple moving average of $11.93.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The airline reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.79 by $0.16. The firm had revenue of $14.39 billion during the quarter, compared to analysts' expectations of $14.27 billion. American Airlines Group had a negative return on equity of 24.55% and a net margin of 1.05%. The firm's quarterly revenue was up .4% compared to the same quarter last year. During the same quarter last year, the business posted $1.09 EPS. As a group, equities research analysts predict 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.