Headlands Technologies LLC Invests $417,000 in American Airlines Group Inc. (NASDAQ:AAL)

Headlands Technologies LLC bought a new position in American Airlines Group Inc. (NASDAQ:AAL) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 27,179 shares of the airline’s stock, valued at approximately $417,000.

A number of other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. raised its holdings in shares of American Airlines Group by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 78,888,859 shares of the airline’s stock worth $1,010,566,000 after buying an additional 667,660 shares in the last quarter. U S Global Investors Inc. raised its holdings in shares of American Airlines Group by 18.7% in the 4th quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock worth $174,159,000 after buying an additional 2,001,247 shares in the last quarter. Par Capital Management Inc. raised its holdings in shares of American Airlines Group by 0.4% in the 4th quarter. Par Capital Management Inc. now owns 2,510,600 shares of the airline’s stock worth $34,496,000 after buying an additional 10,600 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of American Airlines Group by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,153,431 shares of the airline’s stock worth $29,593,000 after buying an additional 82,537 shares in the last quarter. Finally, Assenagon Asset Management S.A. raised its holdings in shares of American Airlines Group by 7,871.8% in the 4th quarter. Assenagon Asset Management S.A. now owns 1,762,081 shares of the airline’s stock worth $24,211,000 after buying an additional 1,739,977 shares in the last quarter. 52.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on AAL. JPMorgan Chase & Co. dropped their price target on American Airlines Group from $24.00 to $21.00 and set an “overweight” rating for the company in a report on Thursday, May 30th. Citigroup dropped their price target on American Airlines Group from $20.00 to $16.50 and set a “buy” rating for the company in a report on Friday, May 31st. Bank of America dropped their price target on American Airlines Group from $12.00 to $11.00 and set an “underperform” rating for the company in a report on Wednesday, May 29th. Morgan Stanley dropped their price target on American Airlines Group from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, June 3rd. Finally, Barclays dropped their price target on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a report on Wednesday, July 10th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $15.65.

American Airlines Group Trading Down 2.2 %

Shares of NASDAQ:AAL traded down $0.25 during midday trading on Wednesday, hitting $10.94. The company had a trading volume of 4,403,316 shares, compared to its average volume of 33,798,859. American Airlines Group Inc. has a 12 month low of $10.34 and a 12 month high of $18.80. The stock has a market cap of $7.18 billion, a price-to-earnings ratio of 18.65, a PEG ratio of 0.20 and a beta of 1.44. The firm has a fifty day simple moving average of $12.17 and a 200 day simple moving average of $13.57.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.06). The company had revenue of $12.57 billion during the quarter, compared to the consensus estimate of $12.60 billion. American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.05 earnings per share. Equities analysts forecast that American Airlines Group Inc. will post 1.98 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.