XTX Topco Ltd Sells 58,885 Shares of American Airlines Group Inc. (NASDAQ:AAL)

XTX Topco Ltd lessened its position in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 75.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. 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 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Elequin Capital LP grew its stake in American Airlines Group by 208.5% in the fourth quarter. Elequin Capital LP now owns 1,749 shares of the airline's stock valued at $30,000 after purchasing an additional 1,182 shares in the last quarter. Bogart Wealth LLC grew its stake in American Airlines Group by 1,300.0% in the first quarter. Bogart Wealth LLC now owns 2,800 shares of the airline's stock valued at $30,000 after purchasing an additional 2,600 shares in the last quarter. Assetmark Inc. bought a new position in American Airlines Group in the first quarter valued at approximately $30,000. Golden State Wealth Management LLC grew its stake in American Airlines Group by 121.4% in the first quarter. Golden State Wealth Management LLC now owns 3,117 shares of the airline's stock valued at $33,000 after purchasing an additional 1,709 shares in the last quarter. Finally, Bernard Wealth Management Corp. bought a new position in American Airlines Group in the fourth quarter valued at approximately $42,000. Institutional investors and hedge funds own 52.44% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently commented on AAL. TD Cowen lifted their target price on American Airlines Group to $13.00 and gave the stock an "unchanged" rating in a research note on Friday, April 25th. Raymond James Financial reduced their price target on American Airlines Group from $15.00 to $14.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. Sanford C. Bernstein boosted their price target on American Airlines Group from $12.00 to $15.00 and gave the company an "outperform" rating in a research note on Tuesday, May 13th. Bank of America boosted their price target on American Airlines Group from $10.00 to $12.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Finally, Barclays boosted their price target on American Airlines Group from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, American Airlines Group currently has an average rating of "Moderate Buy" and a consensus price target of $16.76.

American Airlines Group Trading Up 2.7%

Shares of AAL traded up $0.35 on Friday, reaching $13.17. 49,587,886 shares of the company's stock traded hands, compared to its average volume of 69,075,064. The stock has a market cap of $8.69 billion, a PE ratio of 16.46, a PEG ratio of 3.00 and a beta of 1.43. The stock's 50 day simple moving average is $11.67 and its two-hundred day simple moving average is $11.97. American Airlines Group Inc. has a 52-week low of $8.50 and a 52-week high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The airline reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.16. The company had revenue of $14.39 billion during the quarter, compared to the consensus estimate of $14.27 billion. American Airlines Group had a negative return on equity of 24.55% and a net margin of 1.05%. American Airlines Group's revenue was up .4% on a year-over-year basis. During the same period last year, the business posted $1.09 earnings per share. Analysts forecast that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

American Airlines Group Company 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.