2,688 Shares in American Airlines Group Inc. (NASDAQ:AAL) Acquired by GAMMA Investing LLC

GAMMA Investing LLC acquired a new stake in American Airlines Group Inc. (NASDAQ:AAL) in the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,688 shares of the airline’s stock, valued at approximately $38,000.

A number of other institutional investors have also recently modified their holdings of the stock. Jupiter Asset Management Ltd. acquired a new stake in shares of American Airlines Group during the 3rd quarter worth approximately $59,411,000. Invesco Ltd. increased its stake in shares of American Airlines Group by 28.3% in the 3rd quarter. Invesco Ltd. now owns 12,119,358 shares of the airline’s stock valued at $155,249,000 after purchasing an additional 2,672,793 shares during the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of American Airlines Group during the 3rd quarter worth $28,867,000. Barclays PLC lifted its position in shares of American Airlines Group by 191.7% during the 3rd quarter. Barclays PLC now owns 3,333,370 shares of the airline’s stock worth $42,448,000 after buying an additional 2,190,456 shares during the last quarter. Finally, U S Global Investors Inc. boosted its stake in American Airlines Group by 18.7% in the fourth quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock valued at $174,159,000 after buying an additional 2,001,247 shares in the last quarter. 52.44% of the stock is currently owned by institutional investors.

American Airlines Group Stock Down 0.1 %

AAL stock opened at $13.85 on Friday. The company’s fifty day simple moving average is $14.34 and its 200 day simple moving average is $13.70. American Airlines Group Inc. has a 12-month low of $10.86 and a 12-month high of $19.08. The firm has a market cap of $9.09 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 0.20 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The business had revenue of $12.57 billion during the quarter, compared to analyst estimates of $12.60 billion. During the same period in the prior year, the firm earned $0.05 earnings per share. The firm’s revenue for the quarter was up 3.1% compared to the same quarter last year. Research analysts expect that American Airlines Group Inc. will post 2.54 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Sanford C. Bernstein increased their target price on shares of American Airlines Group from $20.00 to $21.00 and gave the stock an “outperform” rating in a report on Tuesday, March 5th. TD Cowen upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and raised their target price for the company from $14.00 to $21.00 in a research report on Friday, January 26th. Citigroup reiterated a “buy” rating and issued a $20.00 price target on shares of American Airlines Group in a research note on Thursday, March 14th. Morgan Stanley restated an “overweight” rating and set a $20.00 price objective on shares of American Airlines Group in a research report on Tuesday, March 5th. Finally, Seaport Res Ptn upgraded American Airlines Group from a “neutral” rating to a “buy” rating in a research report on Friday, January 26th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $17.53.

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.