American Airlines Group Inc. (NASDAQ:AAL) Holdings Trimmed by Mackenzie Financial Corp

Mackenzie Financial Corp cut its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 26.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 21,006 shares of the airline’s stock after selling 7,510 shares during the quarter. Mackenzie Financial Corp’s holdings in American Airlines Group were worth $289,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of AAL. Empirical Finance LLC lifted its stake in American Airlines Group by 13.2% during the third quarter. Empirical Finance LLC now owns 21,159 shares of the airline’s stock valued at $271,000 after purchasing an additional 2,462 shares during the last quarter. Oak Thistle LLC acquired a new position in shares of American Airlines Group in the 4th quarter worth $1,171,000. Assenagon Asset Management S.A. lifted its holdings in shares of American Airlines Group by 7,871.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,762,081 shares of the airline’s stock valued at $24,211,000 after purchasing an additional 1,739,977 shares during the last quarter. Compagnie Lombard Odier SCmA boosted its position in shares of American Airlines Group by 15.2% in the 4th quarter. Compagnie Lombard Odier SCmA now owns 38,500 shares of the airline’s stock valued at $529,000 after purchasing an additional 5,067 shares during the period. Finally, International Assets Investment Management LLC increased its stake in American Airlines Group by 1,291.7% in the 4th quarter. International Assets Investment Management LLC now owns 215,372 shares of the airline’s stock worth $29,590,000 after purchasing an additional 199,897 shares in the last quarter. 52.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AAL has been the subject of a number of analyst reports. Sanford C. Bernstein upped their price objective 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. Citigroup reiterated a “buy” rating and set a $20.00 price objective on shares of American Airlines Group in a report on Thursday, March 14th. TD Cowen raised American Airlines Group from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $14.00 to $21.00 in a research report on Friday, January 26th. Wolfe Research upgraded American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 price objective on the stock in a research note on Monday, January 22nd. Finally, Evercore ISI reaffirmed a “hold” rating and issued a $17.00 price target on shares of American Airlines Group in a research report on Monday, January 29th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. According to data from MarketBeat, American Airlines Group currently has a consensus rating of “Hold” and a consensus target price of $17.53.

American Airlines Group Stock Down 1.8 %

Shares of American Airlines Group stock opened at $13.88 on Friday. American Airlines Group Inc. has a 12-month low of $10.86 and a 12-month high of $19.08. The business’s 50 day moving average is $14.46 and its 200-day moving average is $13.64. The stock has a market cap of $9.09 billion, a P/E ratio of 23.13, a P/E/G ratio of 0.11 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $12.57 billion during the quarter, compared to the consensus estimate of $12.60 billion. During the same period last year, the business earned $0.05 EPS. The business’s revenue was up 3.1% on a year-over-year basis. On average, sell-side analysts expect that American Airlines Group Inc. will post 2.67 EPS for the current year.

About American Airlines Group

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.