Lighthouse Investment Partners LLC Makes New Investment in American Airlines Group Inc. (NASDAQ:AAL)

Lighthouse Investment Partners LLC bought a new position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 415,000 shares of the airline's stock, valued at approximately $7,233,000. Lighthouse Investment Partners LLC owned approximately 0.06% of American Airlines Group as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in American Airlines Group by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 62,985,524 shares of the airline's stock valued at $1,097,838,000 after buying an additional 953,766 shares during the last quarter. Primecap Management Co. CA grew its position in shares of American Airlines Group by 5.0% in the fourth quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline's stock valued at $1,049,734,000 after purchasing an additional 2,886,041 shares during the last quarter. Northern Trust Corp increased its stake in shares of American Airlines Group by 22.0% during the fourth quarter. Northern Trust Corp now owns 5,437,904 shares of the airline's stock worth $94,783,000 after purchasing an additional 980,409 shares during the period. Dimensional Fund Advisors LP lifted its holdings in American Airlines Group by 21.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,280,289 shares of the airline's stock worth $92,043,000 after purchasing an additional 943,336 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in American Airlines Group by 69.5% in the 4th quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline's stock valued at $44,892,000 after buying an additional 1,055,667 shares in the last quarter. 52.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AAL. The Goldman Sachs Group lowered shares of American Airlines Group from a "neutral" rating to a "sell" rating and lowered their price target for the stock from $16.00 to $8.00 in a research report on Tuesday, April 8th. 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 research note on Wednesday, February 26th. StockNews.com lowered American Airlines Group from a "buy" rating to a "hold" rating in a report on Thursday, March 13th. UBS Group reduced their price objective on shares of American Airlines Group from $13.00 to $9.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Finally, Sanford C. Bernstein upped 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. 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 given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $15.68.

American Airlines Group Trading Up 0.9%

NASDAQ:AAL traded up $0.10 during trading hours on Friday, hitting $11.86. 46,743,512 shares of the company were exchanged, compared to its average volume of 40,781,865. The company has a fifty day simple moving average of $10.47 and a 200 day simple moving average of $14.03. The stock has a market capitalization of $7.82 billion, a price-to-earnings ratio of 10.40, a price-to-earnings-growth ratio of 0.21 and a beta of 1.31. American Airlines Group Inc. has a one year low of $8.50 and a one year high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) earnings per share for the quarter, topping the consensus estimate 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 period last year, the company posted ($0.34) EPS. The business's quarterly revenue was down .2% on a year-over-year basis. Equities research analysts predict that American Airlines Group Inc. will post 2.42 earnings per share 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.