American Airlines Group Inc. (NASDAQ:AAL) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 7,871.8% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,762,081 shares of the airline's stock after purchasing an additional 1,739,977 shares during the period. Assenagon Asset Management S.A. owned approximately 0.27% of American Airlines Group worth $24,211,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Raymond James & Associates boosted its stake in shares of American Airlines Group by 12.8% in the first quarter. Raymond James & Associates now owns 143,373 shares of the airline's stock worth $2,617,000 after buying an additional 16,316 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of American Airlines Group by 14.1% in the first quarter. American Century Companies Inc. now owns 27,651 shares of the airline's stock worth $505,000 after buying an additional 3,421 shares during the last quarter. US Bancorp DE boosted its stake in shares of American Airlines Group by 11.0% in the first quarter. US Bancorp DE now owns 20,747 shares of the airline's stock worth $378,000 after buying an additional 2,064 shares during the last quarter. MetLife Investment Management LLC boosted its stake in shares of American Airlines Group by 23.1% in the first quarter. MetLife Investment Management LLC now owns 176,047 shares of the airline's stock worth $3,213,000 after buying an additional 32,986 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its position in American Airlines Group by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 86,668 shares of the airline's stock worth $1,582,000 after purchasing an additional 5,393 shares in the last quarter. Institutional investors and hedge funds own 52.44% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Morgan Stanley reiterated an "overweight" rating and set a $20.00 price target on shares of American Airlines Group in a research report on Tuesday, March 5th. Evercore ISI reiterated a "hold" rating and set a $17.00 price target on shares of American Airlines Group in a research report on Monday, January 29th. UBS Group initiated coverage on American Airlines Group in a research report on Wednesday, March 20th. They set a "buy" rating and a $19.00 price target on the stock. Barclays raised their target price on American Airlines Group from $13.00 to $14.00 and gave the company an "underweight" rating in a research report on Friday, January 26th. Finally, TD Cowen upgraded American Airlines Group from a "market perform" rating to an "outperform" rating and raised their target price for the company from $14.00 to $21.00 in a research report on Friday, January 26th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $17.53.

American Airlines Group Trading Up 2.5 %

AAL stock traded up $0.38 during midday trading on Wednesday, hitting $15.30. 24,775,045 shares of the company's stock were exchanged, compared to its average volume of 34,245,758. The business has a 50-day simple moving average of $14.68 and a two-hundred day simple moving average of $13.47. The stock has a market capitalization of $10.02 billion, a PE ratio of 13.91, a P/E/G ratio of 0.12 and a beta of 1.57. American Airlines Group Inc. has a 1-year low of $10.86 and a 1-year high of $19.08.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its earnings results on Thursday, January 25th. The airline reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.18. The company had revenue of $13.06 billion during the quarter, compared to analysts' expectations of $13.01 billion. American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The firm's quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $1.17 earnings per share. As a group, research analysts expect that American Airlines Group Inc. will post 2.52 EPS for the current fiscal year.

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.