American Airlines Group Inc. (NASDAQ:AAL) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. lifted its position in shares of American Airlines Group Inc. (NASDAQ:AALGet Rating) by 100.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 142,154 shares of the airline’s stock after buying an additional 71,357 shares during the quarter. Pacer Advisors Inc.’s holdings in American Airlines Group were worth $2,594,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC grew its holdings in shares of American Airlines Group by 0.4% during the fourth quarter. Geode Capital Management LLC now owns 12,169,912 shares of the airline’s stock worth $218,247,000 after buying an additional 44,225 shares in the last quarter. Invesco Ltd. grew its holdings in shares of American Airlines Group by 10.0% during the fourth quarter. Invesco Ltd. now owns 5,864,681 shares of the airline’s stock worth $105,330,000 after buying an additional 531,471 shares in the last quarter. Northern Trust Corp grew its holdings in American Airlines Group by 0.7% in the fourth quarter. Northern Trust Corp now owns 5,031,787 shares of the airline’s stock valued at $90,371,000 after purchasing an additional 33,569 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in American Airlines Group by 1.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 4,729,555 shares of the airline’s stock valued at $84,943,000 after purchasing an additional 84,962 shares during the period. Finally, First Trust Advisors LP grew its holdings in American Airlines Group by 14.1% in the fourth quarter. First Trust Advisors LP now owns 1,756,635 shares of the airline’s stock valued at $31,549,000 after purchasing an additional 217,523 shares during the period. Institutional investors and hedge funds own 53.70% of the company’s stock.

Several equities research analysts have issued reports on AAL shares. StockNews.com started coverage on shares of American Airlines Group in a research note on Thursday, March 31st. They set a “hold” rating for the company. The Goldman Sachs Group decreased their price objective on shares of American Airlines Group from $14.00 to $12.00 and set a “sell” rating for the company in a research note on Wednesday, March 16th. JPMorgan Chase & Co. upgraded shares of American Airlines Group from an “underweight” rating to a “neutral” rating and boosted their price objective for the stock from $18.00 to $26.00 in a research note on Friday, April 22nd. Argus upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Friday, April 22nd. Finally, Seaport Res Ptn downgraded shares of American Airlines Group from a “buy” rating to a “neutral” rating in a research note on Monday, March 7th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.71.

AAL opened at $12.98 on Friday. The stock has a market capitalization of $8.43 billion, a PE ratio of -3.53 and a beta of 1.45. The firm’s fifty day moving average price is $16.89 and its 200 day moving average price is $17.12. American Airlines Group Inc. has a 12-month low of $11.93 and a 12-month high of $22.50.

American Airlines Group (NASDAQ:AALGet Rating) last posted its quarterly earnings results on Thursday, April 21st. The airline reported ($2.32) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.43) by $0.11. The company had revenue of $8.90 billion during the quarter, compared to analyst estimates of $8.82 billion. The company’s revenue was up 122.0% on a year-over-year basis. During the same period in the prior year, the company earned ($4.32) earnings per share. On average, sell-side analysts predict that American Airlines Group Inc. will post -1.24 earnings per share for the current year.

American Airlines Group Profile (Get Rating)

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, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

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Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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