XTX Topco Ltd Invests $731,000 in American Airlines Group Inc. (NASDAQ:AAL)

XTX Topco Ltd purchased a new position in shares of American Airlines Group Inc. (NASDAQ:AAL) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 64,547 shares of the airline’s stock, valued at approximately $731,000.

A number of other hedge funds have also modified their holdings of the company. Beaird Harris Wealth Management LLC grew its holdings in shares of American Airlines Group by 51.3% during the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock worth $36,000 after buying an additional 795 shares in the last quarter. Empirical Finance LLC grew its holdings in shares of American Airlines Group by 1.4% during the first quarter. Empirical Finance LLC now owns 58,573 shares of the airline’s stock worth $899,000 after buying an additional 797 shares in the last quarter. Eudaimonia Partners LLC grew its holdings in shares of American Airlines Group by 4.2% during the first quarter. Eudaimonia Partners LLC now owns 23,054 shares of the airline’s stock worth $354,000 after buying an additional 927 shares in the last quarter. Silvercrest Asset Management Group LLC grew its holdings in shares of American Airlines Group by 4.4% during the first quarter. Silvercrest Asset Management Group LLC now owns 23,375 shares of the airline’s stock worth $359,000 after buying an additional 978 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of American Airlines Group by 5.2% during the second quarter. CWM LLC now owns 21,540 shares of the airline’s stock worth $244,000 after buying an additional 1,059 shares in the last quarter. 52.44% of the stock is currently owned by institutional investors.

American Airlines Group Trading Down 0.9 %

NASDAQ:AAL opened at $11.01 on Monday. The stock has a market cap of $7.22 billion, a P/E ratio of 18.35, a PEG ratio of 0.27 and a beta of 1.43. The stock has a 50 day simple moving average of $10.43 and a 200 day simple moving average of $12.20. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $16.15.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, beating the consensus estimate of $1.04 by $0.05. The firm had revenue of $14.33 billion during the quarter, compared to analysts’ expectations of $14.38 billion. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The company’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.92 EPS. As a group, sell-side analysts forecast that American Airlines Group Inc. will post 1.06 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on AAL. Barclays decreased their price objective on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a report on Wednesday, July 10th. Evercore ISI decreased their price target on American Airlines Group to $10.00 and set a “hold” rating for the company in a research note on Friday, July 26th. Sanford C. Bernstein downgraded American Airlines Group from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $18.00 to $12.00 in a research note on Monday, July 22nd. Seaport Res Ptn downgraded American Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Finally, Jefferies Financial Group downgraded American Airlines Group from a “buy” rating to a “hold” rating and decreased their price target for the company from $17.00 to $12.00 in a research note on Wednesday, May 29th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, American Airlines Group has an average rating of “Hold” and an average price target of $13.73.

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.