Full Sail Capital LLC Takes Position in American Airlines Group Inc. (NASDAQ:AAL)

Full Sail Capital LLC purchased a new stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 50,000 shares of the airline's stock, valued at approximately $58,000.

Other large investors have also modified their holdings of the company. Avantax Advisory Services Inc. raised its position in American Airlines Group by 4.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 14,751 shares of the airline's stock worth $257,000 after acquiring an additional 635 shares during the period. Oregon Public Employees Retirement Fund raised its position in American Airlines Group by 0.6% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 133,774 shares of the airline's stock worth $2,332,000 after acquiring an additional 774 shares during the period. M&T Bank Corp raised its position in American Airlines Group by 2.4% during the fourth quarter. M&T Bank Corp now owns 34,525 shares of the airline's stock worth $602,000 after acquiring an additional 794 shares during the period. Brooklyn Investment Group raised its position in American Airlines Group by 133.1% during the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock worth $28,000 after acquiring an additional 909 shares during the period. Finally, CIBC Asset Management Inc raised its position in American Airlines Group by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 19,987 shares of the airline's stock worth $348,000 after acquiring an additional 981 shares during the period. Institutional investors own 52.44% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AAL. Barclays reduced their target price on shares of American Airlines Group from $16.00 to $11.00 and set an "equal weight" rating for the company in a research report on Tuesday, April 8th. Raymond James dropped 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 report on Friday, April 25th. The Goldman Sachs Group lowered shares of American Airlines Group from a "neutral" rating to a "sell" rating and dropped their price objective for the company from $16.00 to $8.00 in a report on Tuesday, April 8th. TD Cowen upped their price objective on shares of American Airlines Group to $13.00 and gave the company an "unchanged" rating in a report on Friday, April 25th. Finally, Redburn Atlantic raised shares of American Airlines Group from a "neutral" rating to a "buy" rating and upped their price objective for the company from $18.00 to $24.00 in a report on Wednesday, February 26th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $15.68.

American Airlines Group Price Performance

Shares of NASDAQ AAL traded down $0.46 during midday trading on Wednesday, hitting $11.84. The company's stock had a trading volume of 73,869,800 shares, compared to its average volume of 40,636,702. American Airlines Group Inc. has a 1 year low of $8.50 and a 1 year high of $19.10. The business's fifty day simple moving average is $10.48 and its two-hundred day simple moving average is $14.06. The firm has a market capitalization of $7.81 billion, a price-to-earnings ratio of 10.39, a price-to-earnings-growth ratio of 0.21 and a beta of 1.31.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) earnings per share for the quarter, topping analysts' consensus estimates of ($0.69) by $0.10. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. The company had revenue of $12.55 billion for the quarter, compared to analysts' expectations of $12.71 billion. During the same quarter last year, the company earned ($0.34) earnings per share. The firm's revenue for the quarter was down .2% on a year-over-year basis. Analysts anticipate that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

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.