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

Interval Partners LP acquired a new stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 467,399 shares of the airline's stock, valued at approximately $8,147,000. Interval Partners LP owned approximately 0.07% of American Airlines Group as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Golden State Wealth Management LLC purchased a new position in American Airlines Group during the fourth quarter worth about $25,000. Brooklyn Investment Group lifted 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 buying an additional 909 shares during the period. Bfsg LLC lifted its position in American Airlines Group by 269.3% during the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline's stock worth $36,000 after buying an additional 1,500 shares during the period. Bernard Wealth Management Corp. purchased a new position in shares of American Airlines Group in the 4th quarter worth about $42,000. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of American Airlines Group in the 4th quarter worth about $45,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group Trading Down 0.7%

NASDAQ AAL traded down $0.08 during mid-day trading on Thursday, reaching $11.76. 55,953,842 shares of the company's stock traded hands, compared to its average volume of 40,697,787. American Airlines Group Inc. has a 1-year low of $8.50 and a 1-year high of $19.10. The company has a fifty day simple moving average of $10.48 and a 200-day simple moving average of $14.06. The company has a market cap of $7.76 billion, a price-to-earnings ratio of 10.32, a P/E/G ratio of 0.21 and a beta of 1.31.

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

Wall Street Analyst Weigh In

AAL has been the topic of a number of research reports. UBS Group cut their price objective on American Airlines Group from $13.00 to $9.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Redburn Atlantic upgraded American Airlines Group from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $18.00 to $24.00 in a report on Wednesday, February 26th. JPMorgan Chase & Co. cut their price objective on American Airlines Group from $30.00 to $26.00 and set an "overweight" rating on the stock in a report on Monday, March 3rd. TD Cowen raised their price objective on American Airlines Group to $13.00 and gave the stock an "unchanged" rating in a report on Friday, April 25th. Finally, Sanford C. Bernstein raised their price objective on American Airlines Group from $12.00 to $15.00 and gave the stock an "outperform" rating in a report on Tuesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $15.68.

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.