Louisiana State Employees Retirement System Has $670,000 Holdings in American Airlines Group Inc (AAL)

Louisiana State Employees Retirement System reduced its stake in American Airlines Group Inc (NASDAQ:AAL) by 1.9% during the 1st quarter, Holdings Channel reports. The firm owned 21,100 shares of the airline’s stock after selling 400 shares during the period. Louisiana State Employees Retirement System’s holdings in American Airlines Group were worth $670,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently made changes to their positions in the business. Thrivent Financial for Lutherans grew its stake in shares of American Airlines Group by 1.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 18,212 shares of the airline’s stock valued at $585,000 after purchasing an additional 321 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of American Airlines Group by 1.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 29,427 shares of the airline’s stock valued at $945,000 after purchasing an additional 329 shares during the last quarter. Accurate Investment Solutions Inc. grew its stake in shares of American Airlines Group by 100.0% in the 1st quarter. Accurate Investment Solutions Inc. now owns 800 shares of the airline’s stock valued at $25,000 after purchasing an additional 400 shares during the last quarter. Metropolitan Life Insurance Co. NY lifted its holdings in shares of American Airlines Group by 0.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 59,641 shares of the airline’s stock valued at $1,915,000 after buying an additional 414 shares during the period. Finally, Park Avenue Securities LLC lifted its holdings in shares of American Airlines Group by 4.9% in the 4th quarter. Park Avenue Securities LLC now owns 9,461 shares of the airline’s stock valued at $301,000 after buying an additional 440 shares during the period. Institutional investors own 81.46% of the company’s stock.

AAL has been the subject of several research reports. Macquarie set a $53.00 price objective on American Airlines Group and gave the stock a “buy” rating in a report on Tuesday, January 29th. Citigroup cut their price target on American Airlines Group from $59.00 to $56.00 and set a “buy” rating for the company in a report on Friday, March 8th. Bank of America reissued a “buy” rating and issued a $39.00 price target (down from $42.00) on shares of American Airlines Group in a report on Thursday, April 4th. Deutsche Bank cut American Airlines Group from a “buy” rating to a “hold” rating and boosted their price target for the stock from $28.81 to $35.63 in a report on Friday, March 1st. Finally, Zacks Investment Research cut American Airlines Group from a “buy” rating to a “hold” rating in a report on Friday, February 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have assigned a buy rating to the company’s stock. American Airlines Group currently has a consensus rating of “Buy” and a consensus price target of $44.85.

Shares of NASDAQ:AAL opened at $34.37 on Monday. The firm has a market capitalization of $15.43 billion, a PE ratio of 7.55, a price-to-earnings-growth ratio of 1.12 and a beta of 1.53. American Airlines Group Inc has a 52 week low of $28.81 and a 52 week high of $47.77.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, January 24th. The airline reported $1.04 EPS for the quarter, beating the Zacks’ consensus estimate of $1.01 by $0.03. The business had revenue of $10.94 billion during the quarter, compared to the consensus estimate of $10.94 billion. American Airlines Group had a negative return on equity of 322.87% and a net margin of 3.17%. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 earnings per share. As a group, analysts expect that American Airlines Group Inc will post 5.74 EPS for the current year.

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American Airlines Group Company Profile

American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.

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Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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