Fmr LLC Grows Stake in American Airlines Group Inc (AAL)

FMR LLC lifted its stake in shares of American Airlines Group Inc (NASDAQ:AAL) by 37.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,226,885 shares of the airline’s stock after acquiring an additional 3,883,285 shares during the period. FMR LLC owned 3.09% of American Airlines Group worth $456,824,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in AAL. IMS Capital Management acquired a new position in American Airlines Group in the third quarter worth $35,000. Signet Investment Advisory Group Inc. bought a new stake in American Airlines Group in the fourth quarter valued at $32,000. Capital Investment Advisory Services LLC bought a new stake in American Airlines Group in the fourth quarter valued at $32,000. JNBA Financial Advisors bought a new stake in American Airlines Group in the fourth quarter valued at $32,000. Finally, Financial Gravity Companies Inc. bought a new stake in American Airlines Group in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 81.46% of the company’s stock.

AAL traded up $0.02 during trading on Wednesday, reaching $33.99. The company had a trading volume of 3,624,488 shares, compared to its average volume of 7,637,317. The stock has a market capitalization of $15.43 billion, a P/E ratio of 7.47, a P/E/G ratio of 1.12 and a beta of 1.53. American Airlines Group Inc has a 12-month low of $28.81 and a 12-month high of $45.93.

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

A number of research firms have issued reports on AAL. Vertical Research began coverage on American Airlines Group in a research note on Monday, February 4th. They issued a “hold” rating on the stock. Macquarie set a $53.00 target price on American Airlines Group and gave the company a “buy” rating in a research note on Tuesday, January 29th. Argus began coverage on American Airlines Group in a research note on Friday, February 8th. They issued a “hold” rating and a $36.00 target price on the stock. Zacks Investment Research cut American Airlines Group from a “buy” rating to a “hold” rating in a research note on Friday, February 15th. Finally, Deutsche Bank cut American Airlines Group from a “buy” rating to a “hold” rating and raised their target price for the company from $28.81 to $35.63 in a research note on Friday, March 1st. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $44.85.

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About American Airlines Group

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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