American Airlines Group Inc. (NASDAQ:AAL) Shares Bought by State of Tennessee Department of Treasury

State of Tennessee Department of Treasury increased its position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 81.3% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 335,765 shares of the airline's stock after buying an additional 150,538 shares during the quarter. State of Tennessee Department of Treasury owned about 0.05% of American Airlines Group worth $5,852,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Tidal Investments LLC raised its holdings in shares of American Airlines Group by 63.1% in the third quarter. Tidal Investments LLC now owns 66,249 shares of the airline's stock valued at $745,000 after buying an additional 25,637 shares during the last quarter. Retirement Systems of Alabama lifted its position in American Airlines Group by 451.2% during the 3rd quarter. Retirement Systems of Alabama now owns 797,738 shares of the airline's stock worth $8,967,000 after acquiring an additional 653,012 shares during the period. Principal Financial Group Inc. grew its stake in shares of American Airlines Group by 107.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline's stock valued at $17,084,000 after purchasing an additional 787,671 shares during the last quarter. Everence Capital Management Inc. acquired a new position in shares of American Airlines Group in the fourth quarter valued at approximately $409,000. Finally, Strathmore Capital Advisors Inc. purchased a new stake in shares of American Airlines Group during the fourth quarter worth approximately $351,000. Institutional investors and hedge funds own 52.44% of the company's stock.

Wall Street Analysts Forecast Growth

AAL has been the topic of several recent research reports. Melius Research raised shares of American Airlines Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, January 6th. Citigroup dropped their price target on shares of American Airlines Group from $21.50 to $20.00 and set a "buy" rating on the stock in a research note on Tuesday, March 18th. Redburn Atlantic upgraded American Airlines Group from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $18.00 to $24.00 in a research report on Wednesday, February 26th. Susquehanna decreased their price target on American Airlines Group from $18.00 to $10.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. Finally, Melius upgraded American Airlines Group from a "hold" rating to a "buy" rating and set a $23.00 price objective for the company in a research report on Monday, January 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, American Airlines Group has a consensus rating of "Moderate Buy" and a consensus target price of $16.25.

American Airlines Group Stock Performance

American Airlines Group stock traded down $0.15 during trading on Wednesday, hitting $9.76. The company's stock had a trading volume of 26,985,646 shares, compared to its average volume of 38,836,885. The stock's fifty day moving average is $11.22 and its 200 day moving average is $14.21. American Airlines Group Inc. has a 1-year low of $8.50 and a 1-year high of $19.10. The stock has a market capitalization of $6.43 billion, a price-to-earnings ratio of 8.53, a P/E/G ratio of 0.21 and a beta of 1.17.

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 net margin of 1.56% and a negative return on equity of 28.56%. The business had revenue of $12.55 billion for the quarter, compared to analyst estimates of $12.71 billion. During the same period in the prior year, the firm posted ($0.34) EPS. The company's revenue was down .2% on a year-over-year basis. On average, research analysts anticipate that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

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.