Paradoxiom Capital L.P. Makes New Investment in American Airlines Group Inc. (NASDAQ:AAL)

Paradoxiom Capital L.P. acquired a new position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 561,370 shares of the airline's stock, valued at approximately $9,785,000. American Airlines Group comprises 4.0% of Paradoxiom Capital L.P.'s investment portfolio, making the stock its 4th biggest holding. Paradoxiom Capital L.P. owned about 0.09% of American Airlines Group as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Golden State Wealth Management LLC bought a new stake in shares of American Airlines Group during the 4th quarter worth approximately $25,000. Brooklyn Investment Group raised its stake in shares of American Airlines Group by 133.1% during the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock worth $28,000 after purchasing an additional 909 shares in the last quarter. Bfsg LLC raised its stake in shares of American Airlines Group by 269.3% during the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline's stock worth $36,000 after purchasing an additional 1,500 shares in the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of American Airlines Group during the 4th quarter worth approximately $42,000. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of American Airlines Group during the 4th quarter worth approximately $45,000. 52.44% of the stock is owned by institutional investors.

American Airlines Group Stock Performance

AAL opened at $12.30 on Wednesday. The firm has a market cap of $8.11 billion, a P/E ratio of 10.79, a price-to-earnings-growth ratio of 0.21 and a beta of 1.31. American Airlines Group Inc. has a 52-week low of $8.50 and a 52-week high of $19.10. The business's fifty day moving average is $10.52 and its 200-day moving average is $14.09.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced 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 business had revenue of $12.55 billion during the quarter, compared to the consensus estimate of $12.71 billion. During the same period in the prior year, the company earned ($0.34) EPS. American Airlines Group's revenue for the quarter was down .2% on a year-over-year basis. On average, research analysts predict that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently weighed in on AAL. Bank of America dropped their price target on American Airlines Group from $16.00 to $12.00 and set a "neutral" rating on the stock in a research note on Thursday, April 3rd. Redburn Atlantic upgraded American Airlines Group from a "neutral" rating to a "buy" rating and increased their price target for the company from $18.00 to $24.00 in a research note on Wednesday, February 26th. The Goldman Sachs Group cut American Airlines Group from a "neutral" rating to a "sell" rating and dropped their price target for the company from $16.00 to $8.00 in a research note on Tuesday, April 8th. Sanford C. Bernstein increased their price target on American Airlines Group from $12.00 to $15.00 and gave the company an "outperform" rating in a research note on Tuesday. Finally, TD Cowen increased their price target on American Airlines Group to $13.00 and gave the company an "unchanged" rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, American Airlines Group currently has a consensus rating of "Moderate Buy" and an average price target of $15.68.

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.

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