GAMMA Investing LLC Grows Holdings in American Airlines Group Inc. (NASDAQ:AAL)

GAMMA Investing LLC raised its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 50.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,049 shares of the airline’s stock after purchasing an additional 1,361 shares during the period. GAMMA Investing LLC’s holdings in American Airlines Group were worth $62,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AAL. Vanguard Group Inc. lifted its position in shares of American Airlines Group by 0.9% in the 3rd quarter. Vanguard Group Inc. now owns 78,888,859 shares of the airline’s stock worth $1,010,566,000 after buying an additional 667,660 shares during the last quarter. U S Global Investors Inc. boosted its position in shares of American Airlines Group by 18.7% in the 4th quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock valued at $174,159,000 after purchasing an additional 2,001,247 shares during the period. Northern Trust Corp increased its position in shares of American Airlines Group by 2.1% in the third quarter. Northern Trust Corp now owns 4,748,260 shares of the airline’s stock worth $60,825,000 after acquiring an additional 98,130 shares in the last quarter. Par Capital Management Inc. grew its position in American Airlines Group by 0.4% during the 4th quarter. Par Capital Management Inc. now owns 2,510,600 shares of the airline’s stock worth $34,496,000 after purchasing an additional 10,600 shares in the last quarter. Finally, Qube Research & Technologies Ltd purchased a new position in shares of American Airlines Group during the third quarter valued at $28,867,000. 52.44% of the stock is owned by institutional investors and hedge funds.

American Airlines Group Trading Down 0.4 %

Shares of AAL opened at $11.20 on Monday. The stock has a market cap of $7.35 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 0.19 and a beta of 1.49. The stock’s 50-day moving average price is $13.15 and its two-hundred day moving average price is $13.94. American Airlines Group Inc. has a 1 year low of $10.86 and a 1 year high of $19.08.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.06). American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The business had revenue of $12.57 billion for the quarter, compared to analyst estimates of $12.60 billion. During the same period in the previous year, the business posted $0.05 EPS. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, equities analysts forecast that American Airlines Group Inc. will post 2.14 EPS for the current year.

Analysts Set New Price Targets

AAL has been the topic of several research reports. Seaport Res Ptn lowered shares of American Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Citigroup cut their price objective on American Airlines Group from $20.00 to $16.50 and set a “buy” rating on the stock in a research note on Friday, May 31st. TD Cowen cut their target price on shares of American Airlines Group from $18.00 to $16.00 and set a “buy” rating for the company in a research report on Wednesday, May 29th. Bank of America reduced their price objective on American Airlines Group from $12.00 to $11.00 and set an “underperform” rating for the company in a research report on Wednesday, May 29th. Finally, JPMorgan Chase & Co. decreased their target price on American Airlines Group from $24.00 to $21.00 and set an “overweight” rating on the stock in a research report on Thursday, May 30th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $16.53.

American Airlines Group Company 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.