Louisiana State Employees Retirement System Makes New Investment in American Airlines Group Inc. (NASDAQ:AAL)

Louisiana State Employees Retirement System bought a new position in shares of American Airlines Group Inc. (NASDAQ:AAL) during the fourth quarter, Holdings Channel reports. The institutional investor bought 39,500 shares of the airline’s stock, valued at approximately $543,000.

A number of other large investors also recently modified their holdings of AAL. Czech National Bank increased its position in American Airlines Group by 47.8% in the third quarter. Czech National Bank now owns 114,194 shares of the airline’s stock worth $1,463,000 after buying an additional 36,932 shares during the period. Handelsbanken Fonder AB increased its holdings in shares of American Airlines Group by 17.0% in the 3rd quarter. Handelsbanken Fonder AB now owns 120,700 shares of the airline’s stock worth $1,546,000 after acquiring an additional 17,500 shares during the period. Cambridge Investment Research Advisors Inc. raised its holdings in shares of American Airlines Group by 9.1% during the third 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. raised 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 raised its stake in shares of American Airlines Group by 12.9% during the third quarter. Raymond James & Associates now owns 121,511 shares of the airline’s stock valued at $1,557,000 after purchasing an additional 13,914 shares in the last quarter. 52.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AAL has been the subject of several research analyst reports. Wolfe Research upgraded American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 price objective for the company in a report on Monday, January 22nd. JPMorgan Chase & Co. lifted their price objective on shares of American Airlines Group from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Seaport Res Ptn upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating in a report on Friday, January 26th. Evercore ISI restated a “hold” rating and set a $17.00 target price on shares of American Airlines Group in a report on Monday, January 29th. Finally, Barclays lifted their price target on shares of American Airlines Group from $13.00 to $14.00 and gave the stock an “underweight” rating in a research report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the company. Based on data from MarketBeat.com, American Airlines Group presently has a consensus rating of “Hold” and an average price target of $17.53.

American Airlines Group Stock Up 0.7 %

Shares of NASDAQ:AAL opened at $13.98 on Tuesday. The company’s fifty day moving average is $14.45 and its two-hundred day moving average is $13.66. The company has a market cap of $9.17 billion, a P/E 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 12-month low of $10.86 and a 12-month high of $19.08.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share 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 for the quarter, compared to analyst estimates of $12.60 billion. During the same period in the previous year, the firm posted $0.05 earnings per share. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. Equities research analysts anticipate that American Airlines Group Inc. will post 2.67 earnings per share 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.