American Airlines Group Inc. (NASDAQ:AAL) Position Lessened by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D lowered its position in American Airlines Group Inc. (NASDAQ:AAL) by 12.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,056 shares of the airline’s stock after selling 22,412 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in American Airlines Group were worth $1,813,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC bought a new position in American Airlines Group during the fourth quarter valued at about $27,000. Beaird Harris Wealth Management LLC boosted its position in 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 purchasing an additional 795 shares during the period. GoalVest Advisory LLC acquired a new position in American Airlines Group during the first quarter valued at approximately $38,000. Quarry LP bought a new position in shares of American Airlines Group in the fourth quarter valued at approximately $34,000. Finally, UMB Bank n.a. lifted its stake in shares of American Airlines Group by 404.3% in the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock worth $32,000 after buying an additional 2,264 shares during the last quarter. 52.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AAL has been the topic of several recent analyst reports. JPMorgan Chase & Co. dropped their target price on shares of American Airlines Group from $21.00 to $15.00 in a report on Friday, July 26th. Evercore ISI dropped their price objective on American Airlines Group to $10.00 and set a “hold” rating on the stock in a research note on Friday, July 26th. Morgan Stanley decreased their target price on American Airlines Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, June 3rd. Citigroup dropped their price target on 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, Redburn Atlantic raised American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently 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 $10.98 on Tuesday. The business has a 50 day simple moving average of $10.43 and a 200 day simple moving average of $12.17. American Airlines Group Inc. has a one year low of $9.07 and a one year high of $16.15. The company has a market capitalization of $7.20 billion, a PE ratio of 18.30, a price-to-earnings-growth ratio of 0.27 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, beating the consensus estimate of $1.04 by $0.05. The company had revenue of $14.33 billion for the quarter, compared to the consensus estimate of $14.38 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.92 EPS. Equities 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.