9,437 Shares in American Airlines Group Inc. (NASDAQ:AAL) Bought by Raiffeisen Bank International AG

Raiffeisen Bank International AG bought a new position in shares of American Airlines Group Inc. (NASDAQ:AAL) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 9,437 shares of the airline’s stock, valued at approximately $162,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of AAL. Primecap Management Co. CA grew its stake in shares of American Airlines Group by 5.0% during the fourth quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline’s stock worth $1,049,734,000 after purchasing an additional 2,886,041 shares in the last quarter. Arrowstreet Capital Limited Partnership acquired a new position in shares of American Airlines Group during the fourth quarter worth $40,333,000. Alyeska Investment Group L.P. acquired a new position in shares of American Airlines Group during the fourth quarter worth $35,141,000. Norges Bank purchased a new stake in American Airlines Group in the fourth quarter valued at $20,696,000. Finally, Principal Financial Group Inc. lifted its position in American Airlines Group by 69.5% in the fourth quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline’s stock valued at $44,892,000 after acquiring an additional 1,055,667 shares during the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Up 0.9%

Shares of NASDAQ:AAL opened at $11.86 on Monday. The company has a market cap of $7.82 billion, a P/E ratio of 10.40, a PEG ratio of 0.21 and a beta of 1.31. American Airlines Group Inc. has a 52 week low of $8.50 and a 52 week high of $19.10. The company has a 50-day moving average price of $10.47 and a 200 day moving average price of $14.04.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.10. The firm had revenue of $12.55 billion during the quarter, compared to the consensus estimate of $12.71 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. The firm’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.34) earnings per share. Analysts expect that American Airlines Group Inc. will post 2.42 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the stock. Redburn Atlantic raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and boosted their price target for the company from $18.00 to $24.00 in a research report on Wednesday, February 26th. Citigroup reduced their price target on shares of American Airlines Group from $21.50 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, March 18th. Bank of America reduced their price target on shares of American Airlines Group from $16.00 to $12.00 and set a “neutral” rating for the company in a research report on Thursday, April 3rd. StockNews.com cut shares of American Airlines Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th. Finally, Barclays reduced their price target on shares of American Airlines Group from $16.00 to $11.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, American Airlines Group presently has a consensus rating of “Moderate Buy” and an average price target of $15.68.

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.