Rakuten Securities Inc. Invests $328,000 in American Airlines Group Inc. (NASDAQ:AAL)

Rakuten Securities Inc. acquired a new position in American Airlines Group Inc. (NASDAQ:AAL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 23,853 shares of the airline’s stock, valued at approximately $328,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Empirical Finance LLC increased its position in shares of American Airlines Group by 13.2% during the third quarter. Empirical Finance LLC now owns 21,159 shares of the airline’s stock valued at $271,000 after acquiring an additional 2,462 shares during the last quarter. Oak Thistle LLC purchased a new stake in shares of American Airlines Group during the fourth quarter valued at approximately $1,171,000. Assenagon Asset Management S.A. increased its position in shares of American Airlines Group by 7,871.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,762,081 shares of the airline’s stock valued at $24,211,000 after acquiring an additional 1,739,977 shares during the last quarter. Compagnie Lombard Odier SCmA increased its position in shares of American Airlines Group by 15.2% during the fourth quarter. Compagnie Lombard Odier SCmA now owns 38,500 shares of the airline’s stock valued at $529,000 after acquiring an additional 5,067 shares during the last quarter. Finally, International Assets Investment Management LLC increased its position in shares of American Airlines Group by 1,291.7% during the fourth quarter. International Assets Investment Management LLC now owns 215,372 shares of the airline’s stock valued at $29,590,000 after acquiring an additional 199,897 shares during the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.

American Airlines Group Stock Up 4.4 %

NASDAQ:AAL traded up $0.57 during trading hours on Wednesday, hitting $13.60. 25,001,966 shares of the company’s stock traded hands, compared to its average volume of 33,870,777. The firm has a market cap of $8.90 billion, a P/E ratio of 12.26, a P/E/G ratio of 0.11 and a beta of 1.57. American Airlines Group Inc. has a 52 week low of $10.86 and a 52 week high of $19.08. The business’s fifty day simple moving average is $14.62 and its two-hundred day simple moving average is $13.56.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, January 25th. The airline reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.18. The company had revenue of $13.06 billion during the quarter, compared to analyst estimates of $13.01 billion. American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The firm’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter last year, the company earned $1.17 earnings per share. On average, analysts expect that American Airlines Group Inc. will post 2.45 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently commented on AAL. Citigroup reaffirmed a “buy” rating and set a $20.00 price target on shares of American Airlines Group in a research report on Thursday, March 14th. Seaport Res Ptn raised American Airlines Group from a “neutral” rating to a “buy” rating in a report on Friday, January 26th. TD Cowen raised American Airlines Group from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $14.00 to $21.00 in a report on Friday, January 26th. UBS Group started coverage on American Airlines Group in a report on Wednesday, March 20th. They set a “buy” rating and a $19.00 price objective for the company. Finally, Sanford C. Bernstein increased their price objective on American Airlines Group from $20.00 to $21.00 and gave the company an “outperform” rating in a report on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $17.53.

American Airlines Group 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.