American Airlines Group Inc. (NASDAQ:AAL) Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board increased its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 13.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 111,224 shares of the airline’s stock after purchasing an additional 13,177 shares during the period. Public Sector Pension Investment Board’s holdings in American Airlines Group were worth $1,260,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. ProShare Advisors LLC increased its position in shares of American Airlines Group by 14.1% during the second quarter. ProShare Advisors LLC now owns 192,318 shares of the airline’s stock valued at $2,179,000 after acquiring an additional 23,748 shares during the last quarter. Sei Investments Co. increased its position in shares of American Airlines Group by 14.7% during the second quarter. Sei Investments Co. now owns 1,199,121 shares of the airline’s stock valued at $13,586,000 after acquiring an additional 153,515 shares during the last quarter. AE Wealth Management LLC acquired a new stake in shares of American Airlines Group during the second quarter valued at about $123,000. XTX Topco Ltd acquired a new stake in shares of American Airlines Group during the second quarter valued at about $731,000. Finally, Seven Eight Capital LP increased its position in shares of American Airlines Group by 231.3% during the second quarter. Seven Eight Capital LP now owns 540,397 shares of the airline’s stock valued at $6,123,000 after acquiring an additional 377,267 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Stock Performance

Shares of AAL opened at $10.90 on Wednesday. The stock has a market capitalization of $7.15 billion, a P/E ratio of 18.17, a P/E/G ratio of 0.27 and a beta of 1.43. The company’s fifty day moving average is $10.48 and its two-hundred day moving average is $12.07. American Airlines Group Inc. has a 1 year low of $9.07 and a 1 year high of $16.15.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The business had revenue of $14.33 billion for the quarter, compared to analysts’ expectations of $14.38 billion. During the same period in the prior year, the company posted $1.92 EPS. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. Sell-side analysts predict that American Airlines Group Inc. will post 1.07 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on AAL. Redburn Atlantic upgraded shares of American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. Sanford C. Bernstein cut shares of American Airlines Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $18.00 to $12.00 in a report on Monday, July 22nd. Evercore ISI dropped their price objective on shares of American Airlines Group to $10.00 and set a “hold” rating for the company in a report on Friday, July 26th. TD Cowen cut shares of American Airlines Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $16.00 to $10.00 in a report on Wednesday, July 17th. Finally, JPMorgan Chase & Co. dropped their price objective on shares of American Airlines Group from $21.00 to $15.00 in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $13.15.

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.