Oak Thistle LLC Acquires New Stake in American Airlines Group Inc. (NASDAQ:AAL)

Oak Thistle LLC purchased a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 85,225 shares of the airline's stock, valued at approximately $1,171,000.

Several other institutional investors have also added to or reduced their stakes in the company. Jupiter Asset Management Ltd. purchased a new stake in shares of American Airlines Group in the 3rd quarter worth about $59,411,000. Invesco Ltd. lifted its position in shares of American Airlines Group by 28.3% in the 3rd quarter. Invesco Ltd. now owns 12,119,358 shares of the airline's stock worth $155,249,000 after purchasing an additional 2,672,793 shares during the period. The Manufacturers Life Insurance Company lifted its position in shares of American Airlines Group by 502.0% in the 1st quarter. The Manufacturers Life Insurance Company now owns 2,986,179 shares of the airline's stock worth $54,498,000 after purchasing an additional 2,490,121 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of American Airlines Group in the 1st quarter worth about $44,800,000. Finally, Qube Research & Technologies Ltd purchased a new stake in shares of American Airlines Group in the 3rd quarter worth about $28,867,000. Hedge funds and other institutional investors own 52.44% of the company's stock.

American Airlines Group Trading Down 6.6 %

AAL traded down $1.01 during trading hours on Tuesday, hitting $14.40. The company's stock had a trading volume of 34,100,796 shares, compared to its average volume of 34,102,512. The business's 50-day moving average price is $14.78 and its 200-day moving average price is $13.50. American Airlines Group Inc. has a 12 month low of $10.86 and a 12 month high of $19.08. The stock has a market cap of $9.43 billion, a price-to-earnings ratio of 13.13, a P/E/G ratio of 0.12 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings results on Thursday, January 25th. The airline reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.18. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. The company had revenue of $13.06 billion for the quarter, compared to analysts' expectations of $13.01 billion. During the same quarter in the previous year, the business posted $1.17 earnings per share. American Airlines Group's quarterly revenue was down 1.0% on a year-over-year basis. On average, analysts forecast that American Airlines Group Inc. will post 2.55 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on AAL. TD Cowen upgraded shares of American Airlines Group from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $14.00 to $21.00 in a research note on Friday, January 26th. Sanford C. Bernstein lifted their price target on shares of American Airlines Group from $20.00 to $21.00 and gave the stock an "outperform" rating in a research note on Tuesday, March 5th. Morgan Stanley reiterated an "overweight" rating and issued a $20.00 price target on shares of American Airlines Group in a research note on Tuesday, March 5th. Citigroup reiterated a "buy" rating and issued a $20.00 price target on shares of American Airlines Group in a research note on Thursday, March 14th. Finally, Wolfe Research raised shares of American Airlines Group from a "peer perform" rating to an "outperform" rating and set a $17.00 price target on the stock in a report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $17.53.

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.