Charles Schwab Investment Management Inc. reduced its position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 2.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,812,260 shares of the airline's stock after selling 116,257 shares during the period. Charles Schwab Investment Management Inc. owned 0.89% of American Airlines Group worth $79,860,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. Empirical Finance LLC boosted its stake in American Airlines Group by 13.2% in the 3rd quarter. Empirical Finance LLC now owns 21,159 shares of the airline's stock worth $271,000 after buying an additional 2,462 shares during the last quarter. Oak Thistle LLC acquired a new stake in shares of American Airlines Group in the fourth quarter worth approximately $1,171,000. Assenagon Asset Management S.A. grew its holdings in American Airlines Group by 7,871.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,762,081 shares of the airline's stock valued at $24,211,000 after purchasing an additional 1,739,977 shares during the period. Compagnie Lombard Odier SCmA increased its position in American Airlines Group by 15.2% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 38,500 shares of the airline's stock worth $529,000 after purchasing an additional 5,067 shares during the last quarter. Finally, International Assets Investment Management LLC raised its stake in American Airlines Group by 1,291.7% during the fourth quarter. International Assets Investment Management LLC now owns 215,372 shares of the airline's stock worth $29,590,000 after purchasing an additional 199,897 shares during the period. 52.44% of the stock is currently owned by hedge funds and other institutional investors.
American Airlines Group Price Performance
Shares of NASDAQ:AAL traded up $0.26 during midday trading on Tuesday, reaching $15.19. The company had a trading volume of 27,675,376 shares, compared to its average volume of 33,624,930. American Airlines Group Inc. has a one year low of $10.86 and a one year high of $19.08. The stock has a market capitalization of $9.97 billion, a P/E ratio of 25.32, a PEG ratio of 0.21 and a beta of 1.57. The stock's fifty day moving average price is $14.25 and its 200-day moving average price is $13.88.
American Airlines Group (NASDAQ:AAL - Get Free Report) last released its earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.06). American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The company had revenue of $12.57 billion during the quarter, compared to the consensus estimate of $12.60 billion. During the same period in the previous year, the firm posted $0.05 EPS. American Airlines Group's revenue for the quarter was up 3.1% on a year-over-year basis. As a group, sell-side analysts forecast that American Airlines Group Inc. will post 2.54 earnings per share for the current year.
Analyst Upgrades and Downgrades
AAL has been the topic of several research reports. Barclays increased their target price on American Airlines Group from $13.00 to $14.00 and gave the stock an "underweight" rating in a research report on Friday, January 26th. Seaport Res Ptn raised American Airlines Group from a "neutral" rating to a "buy" rating in a research note on Friday, January 26th. Morgan Stanley reissued an "overweight" rating and set a $20.00 target price on shares of American Airlines Group in a research report on Tuesday, March 5th. HSBC initiated coverage on shares of American Airlines Group in a research report on Monday. They set a "buy" rating and a $17.90 price target on the stock. Finally, Citigroup reissued a "buy" rating and issued a $20.00 target price on shares of American Airlines Group in a research note on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and twelve have issued a buy rating to the company's stock. According to MarketBeat, American Airlines Group presently has an average rating of "Moderate Buy" and a consensus target price of $17.62.
Read Our Latest Research Report on AAL
American Airlines Group Profile
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Free Report)
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.
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