Zimmer Partners LP Makes New Investment in American Airlines Group Inc. (NASDAQ:AAL)

Zimmer Partners LP purchased a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 175,000 shares of the airline's stock, valued at approximately $3,050,000.

A number of other institutional investors have also modified their holdings of AAL. Zacks Investment Management purchased a new stake in American Airlines Group in the fourth quarter valued at about $4,409,000. Raymond James Financial Inc. acquired a new position in shares of American Airlines Group during the fourth quarter valued at about $3,858,000. Amundi raised its position in shares of American Airlines Group by 31,647.8% in the 4th quarter. Amundi now owns 426,691 shares of the airline's stock valued at $7,510,000 after purchasing an additional 425,347 shares during the last quarter. KBC Group NV raised its position in shares of American Airlines Group by 46.0% in the 4th quarter. KBC Group NV now owns 8,982 shares of the airline's stock valued at $157,000 after purchasing an additional 2,830 shares during the last quarter. Finally, Janney Montgomery Scott LLC boosted its stake in American Airlines Group by 16.6% in the 4th quarter. Janney Montgomery Scott LLC now owns 16,119 shares of the airline's stock worth $281,000 after purchasing an additional 2,295 shares in the last quarter. 52.44% of the stock is currently owned by institutional investors.

American Airlines Group Stock Down 1.8%

Shares of AAL stock traded down $0.21 during trading hours on Monday, hitting $11.19. 46,732,529 shares of the company's stock were exchanged, compared to its average volume of 41,451,872. American Airlines Group Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $19.10. The firm has a market cap of $7.38 billion, a P/E ratio of 9.82, a P/E/G ratio of 0.21 and a beta of 1.31. The firm has a 50 day moving average of $10.52 and a two-hundred day moving average of $13.97.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, topping the consensus estimate of ($0.69) by $0.10. The company had revenue of $12.55 billion during the quarter, compared to analyst estimates 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 revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.34) EPS. On average, equities analysts forecast that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. TD Cowen boosted their price target on American Airlines Group to $13.00 and gave the company an "unchanged" rating in a research note on Friday, April 25th. Redburn Atlantic raised American Airlines Group from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $18.00 to $24.00 in a report on Wednesday, February 26th. Sanford C. Bernstein increased their price target on shares of American Airlines Group from $12.00 to $15.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. JPMorgan Chase & Co. reduced their price target on shares of American Airlines Group from $30.00 to $26.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Finally, Bank of America decreased their price objective on shares of American Airlines Group from $16.00 to $12.00 and set a "neutral" rating for the company in a research note on Thursday, April 3rd. One investment 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 company. Based on data from MarketBeat.com, American Airlines Group has an average rating of "Moderate Buy" and a consensus target price of $15.68.

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.