Duality Advisers LP Purchases New Shares in American Airlines Group Inc. (NASDAQ:AAL)

Duality Advisers LP acquired a new position in American Airlines Group Inc. (NASDAQ:AAL) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 17,433 shares of the airline’s stock, valued at approximately $268,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. U S Global Investors Inc. raised its position in American Airlines Group by 18.7% in the 4th quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock worth $174,159,000 after purchasing an additional 2,001,247 shares during the period. Assenagon Asset Management S.A. increased its position in American Airlines Group by 7,871.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,762,081 shares of the airline’s stock valued at $24,211,000 after buying an additional 1,739,977 shares in the last quarter. Norges Bank bought a new position in shares of American Airlines Group during the fourth quarter valued at $22,819,000. Vanguard Group Inc. lifted its stake in shares of American Airlines Group by 0.9% in the third quarter. Vanguard Group Inc. now owns 78,888,859 shares of the airline’s stock worth $1,010,566,000 after buying an additional 667,660 shares in the last quarter. Finally, Deutsche Bank AG boosted its stake in American Airlines Group by 78.7% during the 3rd quarter. Deutsche Bank AG now owns 1,050,918 shares of the airline’s stock valued at $13,462,000 after purchasing an additional 462,774 shares during the last quarter. Institutional investors own 52.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on AAL. HSBC started coverage on American Airlines Group in a report on Monday, May 13th. They issued a “buy” rating and a $17.90 price objective for the company. Barclays decreased their price objective on shares of American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a report on Wednesday, July 10th. Citigroup decreased their target price on shares of American Airlines Group from $20.00 to $16.50 and set a “buy” rating for the company in a research note on Friday, May 31st. Sanford C. Bernstein raised their price target on American Airlines Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Monday, May 6th. Finally, Jefferies Financial Group cut American Airlines Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $17.00 to $12.00 in a research report on Wednesday, May 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $16.28.

American Airlines Group Stock Performance

Shares of NASDAQ:AAL opened at $10.68 on Monday. The firm has a market cap of $7.01 billion, a price-to-earnings ratio of 17.80, a P/E/G ratio of 0.20 and a beta of 1.44. The firm has a fifty day moving average price of $12.32 and a 200 day moving average price of $13.61. American Airlines Group Inc. has a fifty-two week low of $10.34 and a fifty-two week high of $19.08.

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