Y Intercept Hong Kong Ltd acquired a new stake in American Airlines Group Inc. (NASDAQ:AAL – Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 638,404 shares of the airline’s stock, valued at approximately $9,787,000.
A number of other hedge funds have also recently bought and sold shares of AAL. Two Sigma Investments LP boosted its position in American Airlines Group by 49.1% in the 3rd quarter. Two Sigma Investments LP now owns 13,670,800 shares of the airline’s stock valued at $153,660,000 after buying an additional 4,500,897 shares during the last quarter. Norges Bank bought a new position in American Airlines Group in the 4th quarter valued at $33,198,000. LSV Asset Management boosted its position in shares of American Airlines Group by 102.5% in the 4th quarter. LSV Asset Management now owns 2,840,186 shares of the airline’s stock worth $43,540,000 after purchasing an additional 1,437,376 shares during the last quarter. Par Capital Management Inc. bought a new position in shares of American Airlines Group in the 2nd quarter worth $14,025,000. Finally, Quadrature Capital Ltd boosted its position in shares of American Airlines Group by 7,891.3% in the 3rd quarter. Quadrature Capital Ltd now owns 1,243,925 shares of the airline’s stock worth $13,969,000 after purchasing an additional 1,228,359 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors.
American Airlines Group Trading Up 2.3%
AAL stock opened at $14.98 on Friday. The business’s 50-day moving average price is $12.72 and its two-hundred day moving average price is $13.41. The firm has a market cap of $9.91 billion, a PE ratio of 48.32 and a beta of 1.35. American Airlines Group Inc. has a 1-year low of $10.09 and a 1-year high of $16.50.
Wall Street Analysts Forecast Growth
Several research firms have recently issued reports on AAL. UBS Group raised their price target on American Airlines Group from $16.00 to $18.00 and gave the stock a “buy” rating in a research report on Tuesday, May 26th. Rothschild & Co Redburn restated a “neutral” rating and issued a $12.50 price target (down from $17.00) on shares of American Airlines Group in a research report on Thursday, March 5th. Jefferies Financial Group raised their price target on American Airlines Group from $12.00 to $13.00 and gave the stock a “hold” rating in a research report on Monday, April 27th. Weiss Ratings lowered American Airlines Group from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 1st. Finally, Wall Street Zen upgraded American Airlines Group from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Eight research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, American Airlines Group currently has a consensus rating of “Hold” and a consensus target price of $15.53.
Get Our Latest Research Report on American Airlines Group
American Airlines Group Company Profile
American Airlines Group Inc is a leading global airline holding company headquartered in Fort Worth, Texas. Formed in December 2013 through the merger of AMR Corporation (parent of American Airlines) and US Airways Group, the company operates one of the world’s largest passenger and cargo networks. Its subsidiaries include American Airlines, which provides mainline service, and American Eagle, a network of regional carriers operating short- and medium-haul routes on behalf of the mainline carrier.
The company offers scheduled air transportation for passengers and cargo to more than 350 destinations in over 50 countries.
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