Illinois Municipal Retirement Fund Acquires Shares of 57,269 American Airlines Group Inc. (NASDAQ:AAL)

Illinois Municipal Retirement Fund purchased a new position in American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 57,269 shares of the airline's stock, valued at approximately $787,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Gables Capital Management Inc. lifted its holdings in American Airlines Group by 100.0% in the third quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline's stock worth $26,000 after acquiring an additional 1,000 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in shares of American Airlines Group in the 3rd quarter worth approximately $33,000. Baystate Wealth Management LLC boosted its stake in American Airlines Group by 267.1% during the 4th quarter. Baystate Wealth Management LLC now owns 3,924 shares of the airline's stock valued at $54,000 after purchasing an additional 2,855 shares in the last quarter. Federated Hermes Inc. boosted its stake in American Airlines Group by 32.2% during the fourth quarter. Federated Hermes Inc. now owns 4,114 shares of the airline's stock valued at $57,000 after buying an additional 1,003 shares in the last quarter. Finally, Friedenthal Financial acquired a new position in shares of American Airlines Group in the 4th quarter worth approximately $58,000. 52.44% of the stock is owned by institutional investors and hedge funds.

American Airlines Group Trading Down 3.4 %

NASDAQ AAL traded down $0.47 on Tuesday, reaching $13.51. The stock had a trading volume of 25,734,971 shares, compared to its average volume of 34,410,199. American Airlines Group Inc. has a 1 year low of $10.86 and a 1 year high of $19.08. The business has a 50 day moving average price of $14.45 and a 200 day moving average price of $13.66. The company has a market capitalization of $8.86 billion, a price-to-earnings ratio of 23.30, a P/E/G ratio of 0.11 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings results on Thursday, April 25th. The airline reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.06). The firm had revenue of $12.57 billion during the quarter, compared to the consensus estimate of $12.60 billion. American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The company's quarterly revenue was up 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 EPS. On average, analysts anticipate that American Airlines Group Inc. will post 2.67 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Sanford C. Bernstein increased their target price on shares of American Airlines Group from $20.00 to $21.00 and gave the company an "outperform" rating in a research note on Tuesday, March 5th. TD Cowen upgraded American Airlines Group from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $14.00 to $21.00 in a report on Friday, January 26th. Wolfe Research raised American Airlines Group from a "peer perform" rating to an "outperform" rating and set a $17.00 target price for the company in a report on Monday, January 22nd. Citigroup reiterated a "buy" rating and issued a $20.00 price target on shares of American Airlines Group in a research report on Thursday, March 14th. Finally, Barclays boosted their price objective on American Airlines Group from $13.00 to $14.00 and gave the stock an "underweight" rating in a report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, American Airlines Group presently has an average rating of "Hold" and an average price target 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.