Interval Partners LP Buys New Position in American Airlines Group Inc. (NASDAQ:AAL)

Interval Partners LP bought a new position in shares of American Airlines Group Inc. (NASDAQ:AAL) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 467,399 shares of the airline’s stock, valued at approximately $8,147,000. Interval Partners LP owned 0.07% of American Airlines Group as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Guardian Wealth Advisors LLC NC bought a new position in American Airlines Group in the fourth quarter valued at about $215,000. Graham Capital Management L.P. purchased a new position in shares of American Airlines Group in the fourth quarter worth $3,193,000. Focus Partners Wealth increased its holdings in shares of American Airlines Group by 485.8% in the fourth quarter. Focus Partners Wealth now owns 104,895 shares of the airline’s stock worth $1,828,000 after purchasing an additional 86,990 shares during the last quarter. Full Sail Capital LLC purchased a new stake in shares of American Airlines Group during the 4th quarter worth approximately $58,000. Finally, Concentric Capital Strategies LP bought a new position in American Airlines Group during the fourth quarter valued at $5,002,000. Institutional investors own 52.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on AAL shares. Redburn Partners raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Wednesday, February 26th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $12.00 price objective (down previously from $20.00) on shares of American Airlines Group in a research report on Tuesday, April 1st. JPMorgan Chase & Co. decreased their price objective on shares of American Airlines Group from $30.00 to $26.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. The Goldman Sachs Group downgraded American Airlines Group from a “neutral” rating to a “sell” rating and reduced their price objective for the stock from $16.00 to $8.00 in a report on Tuesday, April 8th. Finally, Raymond James reduced their price target on shares of American Airlines Group from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.25.

American Airlines Group Stock Up 0.7%

NASDAQ:AAL opened at $11.11 on Monday. The firm’s 50 day moving average is $10.57 and its two-hundred day moving average is $14.10. The company has a market cap of $7.33 billion, a P/E ratio of 9.75, a P/E/G ratio of 0.21 and a beta of 1.31. American Airlines Group Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $19.10.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.10. The firm had revenue of $12.55 billion for 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 firm’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business posted ($0.34) EPS. Research analysts forecast that American Airlines Group Inc. will post 2.42 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.