Sagefield Capital LP bought a new position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 130,943 shares of the airline's stock, valued at approximately $2,282,000.
Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in American Airlines Group in the 4th quarter worth about $25,000. Brooklyn Investment Group lifted its holdings 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 valued at $28,000 after buying an additional 909 shares during the last quarter. Bfsg LLC lifted its holdings in American Airlines Group by 269.3% in 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 during the last quarter. Bernard Wealth Management Corp. acquired a new stake in American Airlines Group in the 4th quarter worth approximately $42,000. Finally, Harvest Fund Management Co. Ltd bought a new position in American Airlines Group in the 4th quarter worth approximately $45,000. 52.44% of the stock is owned by institutional investors and hedge funds.
American Airlines Group Price Performance
Shares of NASDAQ:AAL opened at $11.86 on Friday. The company's fifty day moving average price is $10.47 and its 200 day moving average price is $14.03. American Airlines Group Inc. has a 12 month low of $8.50 and a 12 month high of $19.10. The firm has a market capitalization of $7.82 billion, a P/E ratio of 10.40, a P/E/G ratio of 0.21 and a beta of 1.31.
American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its earnings results on Thursday, April 24th. The airline reported ($0.59) earnings per share for the quarter, beating the consensus estimate of ($0.69) by $0.10. The business had revenue of $12.55 billion for the quarter, compared to the consensus estimate of $12.71 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. The business's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.34) earnings per share. On average, sell-side analysts anticipate that American Airlines Group Inc. will post 2.42 EPS for the current year.
Analyst Upgrades and Downgrades
AAL has been the topic of a number of analyst reports. StockNews.com cut American Airlines Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. Redburn Atlantic upgraded American Airlines Group from a "neutral" rating to a "buy" rating and raised their target price for the stock from $18.00 to $24.00 in a report on Wednesday, February 26th. Citigroup reduced their target price on American Airlines Group from $21.50 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. TD Cowen raised their price target on American Airlines Group to $13.00 and gave the stock an "unchanged" rating in a research report on Friday, April 25th. Finally, Sanford C. Bernstein lifted their target price on American Airlines Group from $12.00 to $15.00 and gave the company an "outperform" rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat, American Airlines Group has an average rating of "Moderate Buy" and an average target price of $15.68.
View Our Latest Research Report on American Airlines Group
About American Airlines Group
(
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.
Further Reading
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider American Airlines Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and American Airlines Group wasn't on the list.
While American Airlines Group currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
