Dimensional Fund Advisors LP Has $92.04 Million Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Dimensional Fund Advisors LP raised its stake in American Airlines Group Inc. (NASDAQ:AAL) by 21.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,280,289 shares of the airline’s stock after buying an additional 943,336 shares during the quarter. Dimensional Fund Advisors LP’s holdings in American Airlines Group were worth $92,043,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GeoWealth Management LLC raised its holdings in shares of American Airlines Group by 107.6% during the 4th quarter. GeoWealth Management LLC now owns 3,819 shares of the airline’s stock worth $67,000 after buying an additional 1,979 shares in the last quarter. Arrow Capital Pty Ltd acquired a new stake in shares of American Airlines Group during the fourth quarter valued at about $1,743,000. Canada Pension Plan Investment Board bought a new stake in shares of American Airlines Group during the fourth quarter worth about $220,000. Farringdon Capital Ltd. acquired a new position in shares of American Airlines Group in the fourth quarter valued at approximately $263,000. Finally, Zacks Investment Management bought a new position in American Airlines Group in the 4th quarter valued at approximately $4,409,000. 52.44% of the stock is owned by institutional investors and hedge funds.

American Airlines Group Price Performance

NASDAQ AAL opened at $9.85 on Tuesday. American Airlines Group Inc. has a 1 year low of $8.50 and a 1 year high of $19.10. The firm has a market cap of $6.50 billion, a price-to-earnings ratio of 8.64, a PEG ratio of 0.21 and a beta of 1.17. The company has a fifty day moving average price of $11.34 and a 200-day moving average price of $14.24.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, April 24th. The airline reported ($0.59) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $0.10. The firm had revenue of $12.55 billion during the quarter, compared to analyst estimates of $12.71 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. The business’s revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.34) EPS. On average, research analysts anticipate that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on AAL shares. JPMorgan Chase & Co. cut their target price on shares of American Airlines Group from $30.00 to $26.00 and set an “overweight” rating on the stock in a research report on Monday, March 3rd. Redburn Partners upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Wednesday, February 26th. Redburn Atlantic upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $18.00 to $24.00 in a research report on Wednesday, February 26th. Melius Research upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, January 6th. Finally, The Goldman Sachs Group downgraded shares of American Airlines Group from a “neutral” rating to a “sell” rating and dropped their price target for the stock from $16.00 to $8.00 in a research report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, eight have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $16.25.

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.