Y Intercept Hong Kong Ltd raised its position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 1,798.3% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 216,193 shares of the airline's stock after buying an additional 204,804 shares during the quarter. Y Intercept Hong Kong Ltd's holdings in American Airlines Group were worth $2,281,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Choreo LLC grew its position in shares of American Airlines Group by 21.3% in the 1st quarter. Choreo LLC now owns 18,743 shares of the airline's stock worth $198,000 after acquiring an additional 3,292 shares in the last quarter. Allianz Asset Management GmbH grew its position in shares of American Airlines Group by 0.6% in the 1st quarter. Allianz Asset Management GmbH now owns 525,500 shares of the airline's stock worth $5,544,000 after acquiring an additional 3,000 shares in the last quarter. Teachers Retirement System of The State of Kentucky grew its position in shares of American Airlines Group by 38.5% in the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 202,872 shares of the airline's stock worth $2,140,000 after acquiring an additional 56,417 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new position in shares of American Airlines Group in the 1st quarter worth approximately $1,108,000. Finally, Forum Financial Management LP acquired a new position in shares of American Airlines Group in the 1st quarter worth approximately $172,000. Institutional investors and hedge funds own 52.44% of the company's stock.
Analyst Ratings Changes
A number of research analysts recently issued reports on AAL shares. Susquehanna reduced their price objective on American Airlines Group from $18.00 to $10.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Bank of America boosted their price objective 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. The Goldman Sachs Group lowered American Airlines Group from a "neutral" rating to a "sell" rating and reduced their price objective for the company from $16.00 to $8.00 in a research report on Tuesday, April 8th. Sanford C. Bernstein boosted their price objective on American Airlines Group from $12.00 to $15.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. Finally, Barclays boosted their price objective 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. One investment analyst has rated the stock with a sell rating, eight have given 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 company has an average rating of "Moderate Buy" and an average price target of $15.89.
Read Our Latest Stock Report on AAL
American Airlines Group Price Performance
Shares of American Airlines Group stock traded up $0.04 during trading on Friday, hitting $11.50. The stock had a trading volume of 63,386,811 shares, compared to its average volume of 62,494,860. The firm has a market cap of $7.58 billion, a P/E ratio of 14.38, a PEG ratio of 1.82 and a beta of 1.36. The business has a fifty day moving average of $11.53 and a two-hundred day moving average of $12.59. 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 announced its quarterly earnings data on Thursday, July 24th. The airline reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.79 by $0.16. The business had revenue of $14.39 billion during the quarter, compared to analyst estimates of $14.27 billion. American Airlines Group had a negative return on equity of 23.75% and a net margin of 1.05%. The company's revenue was up .4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.09 earnings per share. As a group, research analysts forecast that American Airlines Group Inc. will post 2.42 earnings per share for the current year.
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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