11,494 Shares in American Airlines Group Inc. (NASDAQ:AAL) Bought by Norden Group LLC

Norden Group LLC purchased a new stake in American Airlines Group Inc. (NASDAQ:AAL) in the first quarter, HoldingsChannel reports. The institutional investor purchased 11,494 shares of the airline’s stock, valued at approximately $176,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of AAL. Commonwealth Equity Services LLC boosted its stake in shares of American Airlines Group by 61.3% during the 1st quarter. Commonwealth Equity Services LLC now owns 702,152 shares of the airline’s stock worth $10,778,000 after acquiring an additional 266,848 shares during the period. Principal Financial Group Inc. lifted its holdings in American Airlines Group by 0.7% during the 1st quarter. Principal Financial Group Inc. now owns 751,621 shares of the airline’s stock valued at $11,537,000 after purchasing an additional 5,273 shares during the last quarter. Triton Wealth Management PLLC boosted its position in American Airlines Group by 46.1% during the first quarter. Triton Wealth Management PLLC now owns 25,310 shares of the airline’s stock worth $355,000 after purchasing an additional 7,985 shares during the period. New York State Teachers Retirement System increased its holdings in shares of American Airlines Group by 0.5% in the first quarter. New York State Teachers Retirement System now owns 688,809 shares of the airline’s stock valued at $10,573,000 after purchasing an additional 3,593 shares during the last quarter. Finally, Eudaimonia Partners LLC raised its position in shares of American Airlines Group by 4.2% in the first quarter. Eudaimonia Partners LLC now owns 23,054 shares of the airline’s stock valued at $354,000 after purchasing an additional 927 shares during the period. Institutional investors own 52.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. JPMorgan Chase & Co. decreased their price target on shares of American Airlines Group from $24.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday, May 30th. Sanford C. Bernstein upped their target price on American Airlines Group from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. Susquehanna dropped their price target on American Airlines Group from $15.00 to $13.00 and set a “neutral” rating for the company in a report on Thursday, May 30th. Citigroup decreased their price objective on American Airlines Group from $20.00 to $16.50 and set a “buy” rating on the stock in a report on Friday, May 31st. Finally, HSBC initiated coverage on American Airlines Group in a report on Monday, May 13th. They set a “buy” rating and a $17.90 target price for the company. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have given a buy rating to the company. According to MarketBeat, American Airlines Group currently has a consensus rating of “Hold” and a consensus target price of $16.28.

American Airlines Group Price Performance

Shares of NASDAQ:AAL opened at $10.68 on Monday. The company’s 50 day simple moving average is $12.32 and its 200 day simple moving average is $13.61. The stock has a market capitalization of $7.01 billion, a price-to-earnings ratio of 17.80, a price-to-earnings-growth ratio of 0.20 and a beta of 1.44. American Airlines Group Inc. has a 1 year low of $10.34 and a 1 year high of $19.08.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.06). American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The business had revenue of $12.57 billion during the quarter, compared to the consensus estimate of $12.60 billion. During the same quarter in the previous year, the business posted $0.05 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, analysts anticipate that American Airlines Group Inc. will post 1.98 EPS 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.