State of New Jersey Common Pension Fund D Purchases 36,476 Shares of American Airlines Group Inc. (NASDAQ:AAL)

State of New Jersey Common Pension Fund D grew its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 21.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 205,629 shares of the airline’s stock after acquiring an additional 36,476 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in American Airlines Group were worth $2,825,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Gables Capital Management Inc. lifted its holdings in shares of American Airlines Group by 100.0% during the 3rd quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock valued at $26,000 after buying an additional 1,000 shares during the period. DekaBank Deutsche Girozentrale bought a new position in American Airlines Group in the 3rd quarter worth $33,000. GAMMA Investing LLC bought a new position in American Airlines Group in the 4th quarter worth $38,000. Baystate Wealth Management LLC raised its holdings in American Airlines Group by 267.1% in the 4th quarter. Baystate Wealth Management LLC now owns 3,924 shares of the airline’s stock worth $54,000 after purchasing an additional 2,855 shares during the period. Finally, Cullen Frost Bankers Inc. raised its holdings in American Airlines Group by 238.1% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 4,260 shares of the airline’s stock worth $55,000 after purchasing an additional 3,000 shares during the period. 52.44% of the stock is owned by institutional investors.

American Airlines Group Stock Up 0.7 %

Shares of American Airlines Group stock opened at $13.98 on Tuesday. American Airlines Group Inc. has a twelve month low of $10.86 and a twelve month high of $19.08. The business has a 50-day moving average price of $14.45 and a 200-day moving average price of $13.66. The firm has a market cap of $9.17 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 0.11 and a beta of 1.57.

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 during the quarter, compared to the consensus estimate of $12.60 billion. During the same period in the previous year, the business posted $0.05 EPS. The firm’s revenue was up 3.1% on a year-over-year basis. On average, equities analysts expect that American Airlines Group Inc. will post 2.67 EPS for the current fiscal year.

Analyst Ratings Changes

AAL has been the topic of a number of recent research reports. TD Cowen raised American Airlines Group from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $14.00 to $21.00 in a report on Friday, January 26th. Morgan Stanley reaffirmed an “overweight” rating and issued a $20.00 target price on shares of American Airlines Group in a report on Tuesday, March 5th. JPMorgan Chase & Co. raised their target price on American Airlines Group from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. 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 price target for the company. Finally, Sanford C. Bernstein increased their price target on American Airlines Group from $20.00 to $21.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, American Airlines Group 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.