Shay Capital LLC acquired a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 25,000 shares of the airline's stock, valued at approximately $436,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Golden State Wealth Management LLC bought a new position in shares of American Airlines Group in the fourth quarter valued at about $25,000. Brooklyn Investment Group raised its holdings in shares of American Airlines Group by 133.1% in the fourth 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 raised its holdings in shares of American Airlines Group by 269.3% in the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline's stock valued at $36,000 after buying an additional 1,500 shares during the last quarter. Bernard Wealth Management Corp. bought a new position in shares of American Airlines Group in the fourth quarter valued at about $42,000. Finally, Harvest Fund Management Co. Ltd bought a new position in shares of American Airlines Group in the fourth quarter valued at about $45,000. 52.44% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
AAL has been the subject of several recent research reports. Barclays dropped their price objective on American Airlines Group from $16.00 to $11.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Bank of America dropped their price objective on American Airlines Group from $16.00 to $12.00 and set a "neutral" rating for the company in a report on Thursday, April 3rd. Redburn Atlantic raised American Airlines Group from a "neutral" rating to a "buy" rating and boosted their price objective for the stock from $18.00 to $24.00 in a report on Wednesday, February 26th. Redburn Partners raised American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 price objective for the company in a report on Wednesday, February 26th. Finally, Citigroup dropped their price objective on American Airlines Group from $21.50 to $20.00 and set a "buy" rating for the company in a report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, American Airlines Group presently has a consensus rating of "Moderate Buy" and a consensus target price of $15.68.
Check Out Our Latest Report on AAL
American Airlines Group Stock Down 1.8%
Shares of AAL traded down $0.21 on Tuesday, hitting $11.65. The company's stock had a trading volume of 43,889,156 shares, compared to its average volume of 41,023,638. The firm's fifty day moving average price is $10.51 and its 200-day moving average price is $14.01. American Airlines Group Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $19.10. The firm has a market capitalization of $7.68 billion, a price-to-earnings ratio of 10.22, a P/E/G ratio of 0.21 and a beta of 1.31.
American Airlines Group (NASDAQ:AAL - Get Free Report) last released its earnings results on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, beating the consensus estimate of ($0.69) by $0.10. The firm had revenue of $12.55 billion for the quarter, compared to analysts' expectations of $12.71 billion. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. The business's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.34) EPS. As a group, equities analysts predict that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.
American Airlines Group Company 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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