American Airlines Group Inc. (NASDAQ:AAL) Shares Purchased by V Square Quantitative Management LLC

V Square Quantitative Management LLC grew its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 32.9% in the second quarter, according to its most recent disclosure with the SEC. The fund owned 18,565 shares of the airline’s stock after buying an additional 4,599 shares during the period. V Square Quantitative Management LLC’s holdings in American Airlines Group were worth $210,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Norges Bank purchased a new position in American Airlines Group during the fourth quarter worth approximately $22,819,000. Vanguard Group Inc. grew its holdings in American Airlines Group by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock worth $1,169,330,000 after acquiring an additional 806,770 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of American Airlines Group by 132.8% in the 2nd quarter. SG Americas Securities LLC now owns 147,877 shares of the airline’s stock valued at $1,675,000 after buying an additional 598,941 shares during the period. Rokos Capital Management LLP acquired a new position in shares of American Airlines Group in the 1st quarter valued at about $6,289,000. Finally, Castle Hook Partners LP bought a new stake in American Airlines Group in the 1st quarter valued at about $5,626,000. 52.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on AAL. Citigroup cut their price objective on shares of American Airlines Group from $20.00 to $16.50 and set a “buy” rating on the stock in a research report on Friday, May 31st. Morgan Stanley dropped their target price on shares of American Airlines Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, June 3rd. Seaport Res Ptn downgraded shares of American Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 29th. Susquehanna lowered their price objective on shares of American Airlines Group from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, May 30th. Finally, Barclays reduced their price objective on shares of American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a research note on Wednesday, July 10th. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $13.80.

American Airlines Group Price Performance

AAL stock traded up $0.01 during midday trading on Wednesday, reaching $9.82. The company had a trading volume of 23,710,238 shares, compared to its average volume of 34,724,422. The company has a market capitalization of $6.44 billion, a price-to-earnings ratio of 16.28, a price-to-earnings-growth ratio of 0.21 and a beta of 1.44. The stock has a 50 day moving average price of $10.78 and a 200-day moving average price of $13.05. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $16.15.

American Airlines Group (NASDAQ:AAL) last released its 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. The firm had revenue of $14.33 billion for the quarter, compared to analysts’ expectations of $14.38 billion. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.92 earnings per share. As a group, research analysts anticipate that American Airlines Group Inc. will post 0.96 earnings per share for the current year.

About American Airlines Group

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.