Calamos Advisors LLC Boosts Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Calamos Advisors LLC raised its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 146.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 559,000 shares of the airline’s stock after acquiring an additional 332,000 shares during the quarter. Calamos Advisors LLC’s holdings in American Airlines Group were worth $7,681,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in AAL. Franklin Resources Inc. boosted its position in American Airlines Group by 6.7% during the second quarter. Franklin Resources Inc. now owns 12,311 shares of the airline’s stock worth $156,000 after acquiring an additional 771 shares during the last quarter. Sunbelt Securities Inc. lifted its stake in American Airlines Group by 6.1% in the 2nd quarter. Sunbelt Securities Inc. now owns 14,930 shares of the airline’s stock worth $268,000 after purchasing an additional 855 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in shares of American Airlines Group by 3.9% during the 3rd quarter. Mercer Global Advisors Inc. ADV now owns 23,952 shares of the airline’s stock worth $307,000 after purchasing an additional 888 shares during the last quarter. First Horizon Advisors Inc. grew its position in shares of American Airlines Group by 38.4% in the first quarter. First Horizon Advisors Inc. now owns 3,331 shares of the airline’s stock valued at $49,000 after purchasing an additional 924 shares in the last quarter. Finally, Captrust Financial Advisors increased its holdings in shares of American Airlines Group by 2.7% in the second quarter. Captrust Financial Advisors now owns 37,085 shares of the airline’s stock valued at $665,000 after purchasing an additional 976 shares during the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Performance

Shares of AAL stock opened at $14.11 on Friday. American Airlines Group Inc. has a fifty-two week low of $10.86 and a fifty-two week high of $19.08. The company has a 50 day moving average price of $14.52 and a 200 day moving average price of $13.57. The stock has a market capitalization of $9.24 billion, a P/E ratio of 12.83, a price-to-earnings-growth ratio of 0.12 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, January 25th. The airline reported $0.29 EPS for the quarter, topping the consensus estimate of $0.11 by $0.18. The business had revenue of $13.06 billion during the quarter, compared to the consensus estimate of $13.01 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. The company’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.17 earnings per share. On average, research analysts forecast that American Airlines Group Inc. will post 2.45 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

AAL has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted their price objective on American Airlines Group from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Evercore ISI reissued a “hold” rating and issued a $17.00 price objective on shares of American Airlines Group in a report on Monday, January 29th. Seaport Res Ptn raised shares of American Airlines Group from a “neutral” rating to a “buy” rating in a research note on Friday, January 26th. Sanford C. Bernstein increased their price target on shares of American Airlines Group from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Finally, UBS Group started coverage on shares of American Airlines Group in a research report on Wednesday, March 20th. They set a “buy” rating and a $19.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.53.

American Airlines Group Company 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.