KBC Group NV Has $873,000 Stake in American Airlines Group Inc. (NASDAQ:AAL)

KBC Group NV boosted its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 821.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 82,742 shares of the airline’s stock after purchasing an additional 73,760 shares during the quarter. KBC Group NV’s holdings in American Airlines Group were worth $873,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Elequin Capital LP raised its position in shares of American Airlines Group by 208.5% in the 4th quarter. Elequin Capital LP now owns 1,749 shares of the airline’s stock valued at $30,000 after buying an additional 1,182 shares in the last quarter. Golden State Wealth Management LLC raised its position in shares of American Airlines Group by 121.4% in the 1st quarter. Golden State Wealth Management LLC now owns 3,117 shares of the airline’s stock valued at $33,000 after buying an additional 1,709 shares in the last quarter. Bernard Wealth Management Corp. acquired a new position in shares of American Airlines Group in the 4th quarter valued at approximately $42,000. Harvest Fund Management Co. Ltd acquired a new position in shares of American Airlines Group in the 4th quarter valued at approximately $45,000. Finally, Full Sail Capital LLC acquired a new position in shares of American Airlines Group in the 4th quarter valued at approximately $58,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Trading Up 0.5%

NASDAQ:AAL opened at $11.69 on Friday. The stock has a market capitalization of $7.71 billion, a price-to-earnings ratio of 12.99, a PEG ratio of 1.61 and a beta of 1.36. The firm has a fifty day simple moving average of $11.16 and a two-hundred day simple moving average of $13.15. American Airlines Group Inc. has a 12 month low of $8.50 and a 12 month high of $19.10.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.10. The business had revenue of $12.55 billion during the quarter, compared to analysts’ expectations of $12.71 billion. American Airlines Group had a net margin of 1.26% and a negative return on equity of 26.59%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the company posted ($0.34) earnings per share. Equities analysts predict that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AAL has been the subject of several analyst reports. TD Cowen boosted their target price on shares of American Airlines Group to $13.00 and gave the company an “unchanged” rating in a research report on Friday, April 25th. The Goldman Sachs Group lowered shares of American Airlines Group from a “neutral” rating to a “sell” rating and decreased their price target for the company from $16.00 to $8.00 in a report on Tuesday, April 8th. Bank of America lifted their price target on shares of American Airlines Group from $10.00 to $12.00 and gave the company a “neutral” rating in a report on Tuesday. UBS Group decreased their price target on shares of American Airlines Group from $13.00 to $9.00 and set a “neutral” rating on the stock in a report on Monday, April 7th. Finally, Wall Street Zen lowered shares of American Airlines Group from a “buy” rating to a “hold” rating in a report on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $15.68.

American Airlines Group 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.