Illinois Municipal Retirement Fund Takes Position in American Airlines Group Inc. (NASDAQ:AAL)

Illinois Municipal Retirement Fund bought a new position in American Airlines Group Inc. (NASDAQ:AAL) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 57,269 shares of the airline’s stock, valued at approximately $787,000.

Several other hedge funds have also bought and sold shares of the business. Czech National Bank boosted its stake in American Airlines Group by 47.8% during the 3rd quarter. Czech National Bank now owns 114,194 shares of the airline’s stock valued at $1,463,000 after purchasing an additional 36,932 shares during the last quarter. Handelsbanken Fonder AB grew its holdings in American Airlines Group by 17.0% during the third quarter. Handelsbanken Fonder AB now owns 120,700 shares of the airline’s stock worth $1,546,000 after buying an additional 17,500 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its position in American Airlines Group by 9.1% in the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 139,000 shares of the airline’s stock valued at $1,781,000 after buying an additional 11,640 shares during the last quarter. Xponance Inc. lifted its stake in American Airlines Group by 5.5% during the 3rd quarter. Xponance Inc. now owns 120,076 shares of the airline’s stock valued at $1,538,000 after acquiring an additional 6,249 shares in the last quarter. Finally, Raymond James & Associates boosted its holdings in American Airlines Group by 12.9% during the 3rd quarter. Raymond James & Associates now owns 121,511 shares of the airline’s stock worth $1,557,000 after acquiring an additional 13,914 shares during the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Up 0.7 %

NASDAQ AAL opened at $13.98 on Tuesday. The company has a market cap of $9.17 billion, a PE ratio of 23.30, a price-to-earnings-growth ratio of 0.11 and a beta of 1.57. American Airlines Group Inc. has a 52 week low of $10.86 and a 52 week high of $19.08. The firm’s 50-day simple moving average is $14.45 and its two-hundred day simple moving average is $13.66.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results 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 business had revenue of $12.57 billion for the quarter, compared to analysts’ expectations of $12.60 billion. During the same quarter in the previous year, the company posted $0.05 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, equities research analysts anticipate that American Airlines Group Inc. will post 2.67 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on AAL shares. Jefferies Financial Group upgraded shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Thursday, January 11th. UBS Group initiated coverage on American Airlines Group in a research note on Wednesday, March 20th. They issued a “buy” rating and a $19.00 target price on the stock. Seaport Res Ptn raised American Airlines Group from a “neutral” rating to a “buy” rating in a research report on Friday, January 26th. Barclays boosted their price objective on American Airlines Group from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Friday, January 26th. Finally, Wolfe Research raised American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 target price for the company in a research report on Monday, January 22nd. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $17.53.

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.