Graham Capital Management L.P. Invests $3.19 Million in American Airlines Group Inc. (NASDAQ:AAL)

Graham Capital Management L.P. purchased a new stake in shares of American Airlines Group Inc. (NASDAQ:AAL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 183,175 shares of the airline’s stock, valued at approximately $3,193,000.

Other large investors have also recently modified their holdings of the company. Zacks Investment Management bought a new position in shares of American Airlines Group during the fourth quarter valued at approximately $4,409,000. Raymond James Financial Inc. purchased a new position in shares of American Airlines Group in the 4th quarter valued at $3,858,000. Decker Retirement Planning Inc. purchased a new position in shares of American Airlines Group in the 4th quarter valued at $9,482,000. Amundi raised its position in shares of American Airlines Group by 31,647.8% in the 4th quarter. Amundi now owns 426,691 shares of the airline’s stock worth $7,510,000 after acquiring an additional 425,347 shares in the last quarter. Finally, Contravisory Investment Management Inc. purchased a new stake in shares of American Airlines Group during the 4th quarter worth $689,000. Hedge funds and other institutional investors own 52.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on AAL shares. The Goldman Sachs Group cut shares of American Airlines Group from a “neutral” rating to a “sell” rating and lowered their price target for the company from $16.00 to $8.00 in a report on Tuesday, April 8th. Raymond James reduced their price target on American Airlines Group from $15.00 to $14.00 and set an “outperform” rating on the stock in a research report on Friday, April 25th. Bank of America lowered their price objective on 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 lowered American Airlines Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th. Finally, UBS Group lowered their price target on American Airlines Group from $13.00 to $9.00 and set a “neutral” rating for the company in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $16.25.

American Airlines Group Stock Up 0.7 %

AAL stock opened at $11.11 on Friday. American Airlines Group Inc. has a 52-week low of $8.50 and a 52-week high of $19.10. The company’s 50-day simple moving average is $10.57 and its 200-day simple moving average is $14.09. The firm has a market cap of $7.33 billion, a P/E ratio of 9.75, a PEG ratio of 0.21 and a beta of 1.31.

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

About American Airlines Group

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.