Raymond James Financial Inc. Invests $3.86 Million in American Airlines Group Inc. (NASDAQ:AAL)

Raymond James Financial Inc. purchased a new position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 221,314 shares of the airline's stock, valued at approximately $3,858,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Primecap Management Co. CA lifted its holdings in American Airlines Group by 5.0% during the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline's stock worth $1,049,734,000 after buying an additional 2,886,041 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in American Airlines Group during the 4th quarter valued at about $40,333,000. Assenagon Asset Management S.A. acquired a new stake in shares of American Airlines Group during the 4th quarter worth approximately $26,033,000. Norges Bank bought a new stake in shares of American Airlines Group during the fourth quarter worth approximately $20,696,000. Finally, Principal Financial Group Inc. boosted its stake in American Airlines Group by 69.5% in the fourth quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline's stock valued at $44,892,000 after acquiring an additional 1,055,667 shares during the last quarter. 52.44% of the stock is owned by institutional investors and hedge funds.

American Airlines Group Stock Performance

American Airlines Group stock traded up $0.49 during midday trading on Friday, reaching $10.52. 24,758,336 shares of the company's stock were exchanged, compared to its average volume of 39,094,493. The stock's 50-day simple moving average is $11.01 and its 200 day simple moving average is $14.16. The firm has a market cap of $6.93 billion, a price-to-earnings ratio of 9.24, a P/E/G ratio of 0.21 and a beta of 1.17. American Airlines Group Inc. has a 52 week low of $8.50 and a 52 week high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its earnings results on Thursday, April 24th. The airline reported ($0.59) EPS 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 company had revenue of $12.55 billion during the quarter, compared to the consensus estimate of $12.71 billion. During the same period in the previous year, the company posted ($0.34) EPS. The firm's revenue for the quarter was down .2% compared to the same quarter last year. Research analysts forecast that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on AAL. Citigroup dropped their target price on shares of American Airlines Group from $21.50 to $20.00 and set a "buy" rating for the company in a research report on Tuesday, March 18th. Evercore ISI upped their price target on American Airlines Group to $18.00 and gave the company a "hold" rating in a research note on Thursday, January 9th. The Goldman Sachs Group lowered shares of American Airlines Group from a "neutral" rating to a "sell" rating and reduced their price objective for the stock from $16.00 to $8.00 in a research note on Tuesday, April 8th. Barclays lowered their target price on shares of American Airlines Group from $16.00 to $11.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. Finally, Redburn Partners raised shares of American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 price target for the company in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $16.25.

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.