Qsemble Capital Management LP Sells 38,311 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Qsemble Capital Management LP lowered its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 73.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,015 shares of the airline’s stock after selling 38,311 shares during the quarter. Qsemble Capital Management LP’s holdings in American Airlines Group were worth $159,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of American Airlines Group by 1.1% in the first quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock valued at $1,169,330,000 after buying an additional 806,770 shares during the last quarter. Par Capital Management Inc. raised its position in shares of American Airlines Group by 0.4% in the 4th quarter. Par Capital Management Inc. now owns 2,510,600 shares of the airline’s stock valued at $34,496,000 after acquiring an additional 10,600 shares during the period. Dimensional Fund Advisors LP lifted its stake in American Airlines Group by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,153,431 shares of the airline’s stock valued at $29,593,000 after purchasing an additional 82,537 shares during the last quarter. Norges Bank bought a new stake in American Airlines Group in the 4th quarter valued at $22,819,000. Finally, Sei Investments Co. lifted its position in American Airlines Group by 36.9% during the first quarter. Sei Investments Co. now owns 1,045,606 shares of the airline’s stock worth $16,050,000 after acquiring an additional 281,956 shares during the last quarter. 52.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently weighed in on AAL. Sanford C. Bernstein downgraded shares of American Airlines Group from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $18.00 to $12.00 in a research report on Monday, July 22nd. Morgan Stanley cut their target price on shares of American Airlines Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a research report on Monday, June 3rd. Evercore decreased their price target on American Airlines Group from $13.00 to $10.00 in a research note on Friday, July 26th. Citigroup cut their price target on shares of American Airlines Group from $20.00 to $16.50 and set a “buy” rating on the stock in a research report on Friday, May 31st. Finally, Jefferies Financial Group downgraded shares of 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 assigned a buy rating to the company. Based on data from MarketBeat, American Airlines Group presently has a consensus rating of “Hold” and an average price target of $13.73.

American Airlines Group Price Performance

American Airlines Group stock opened at $10.69 on Friday. The firm has a market capitalization of $7.01 billion, a P/E ratio of 17.82, a price-to-earnings-growth ratio of 0.27 and a beta of 1.43. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $16.15. The company’s 50-day moving average is $10.41 and its 200 day moving average is $12.37.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The company had revenue of $14.33 billion during the quarter, compared to analysts’ expectations of $14.38 billion. During the same quarter in the prior year, the company posted $1.92 earnings per share. American Airlines Group’s revenue for the quarter was up 2.0% compared to the same quarter last year. Research analysts anticipate that American Airlines Group Inc. will post 1.06 earnings per share for the current fiscal year.

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.