164,900 Shares in American Airlines Group Inc. (NASDAQ:AAL) Acquired by Lbp Am Sa

Lbp Am Sa purchased a new stake in American Airlines Group Inc. (NASDAQ:AAL) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 164,900 shares of the airline’s stock, valued at approximately $2,531,000.

Several other institutional investors have also modified their holdings of the business. U S Global Investors Inc. increased its position 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 valued at $174,159,000 after purchasing an additional 2,001,247 shares during the last quarter. Norges Bank purchased a new position in American Airlines Group in the fourth quarter valued at $22,819,000. Vanguard Group Inc. raised its stake in American Airlines Group by 1.1% in the first quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock valued at $1,169,330,000 after buying an additional 806,770 shares in the last quarter. Castle Hook Partners LP acquired a new stake in American Airlines Group in the first quarter valued at $5,626,000. Finally, Trexquant Investment LP purchased a new stake in American Airlines Group during the 4th quarter worth about $4,711,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Price Performance

Shares of NASDAQ AAL traded down $0.50 during trading on Thursday, hitting $10.14. 46,681,891 shares of the company were exchanged, compared to its average volume of 34,863,223. American Airlines Group Inc. has a 1 year low of $9.76 and a 1 year high of $16.24. The company has a market cap of $6.66 billion, a price-to-earnings ratio of 16.92, a PEG ratio of 0.23 and a beta of 1.44. The firm’s fifty day moving average price is $11.30 and its 200 day moving average price is $13.32.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The company had revenue of $14.33 billion during the quarter, compared to the consensus estimate of $14.38 billion. During the same period last year, the firm earned $1.92 EPS. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, research analysts forecast that American Airlines Group Inc. will post 0.96 earnings per share for the current year.

Analysts Set New Price Targets

AAL has been the topic of several research analyst reports. TD Securities cut their target price on American Airlines Group from $10.00 to $7.00 in a research report on Friday, July 26th. Seaport Res Ptn downgraded shares of American Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. HSBC initiated coverage on American Airlines Group in a research report on Monday, May 13th. They set a “buy” rating and a $17.90 target price on the stock. Barclays dropped their price target on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating on the stock in a research note on Wednesday, July 10th. Finally, Bank of America reduced their price objective on American Airlines Group from $12.00 to $11.00 and set an “underperform” rating for the company in a research note on Wednesday, May 29th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, American Airlines Group presently has an average rating of “Hold” and a consensus target price of $13.80.

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.