Norden Group LLC Purchases New Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Norden Group LLC purchased a new stake in shares of American Airlines Group Inc. (NASDAQ:AALFree Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,494 shares of the airline’s stock, valued at approximately $176,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AAL. Federated Hermes Inc. boosted its holdings in American Airlines Group by 32.2% during the fourth quarter. Federated Hermes Inc. now owns 4,114 shares of the airline’s stock valued at $57,000 after purchasing an additional 1,003 shares in the last quarter. Global Retirement Partners LLC boosted its holdings in American Airlines Group by 11.0% during the fourth quarter. Global Retirement Partners LLC now owns 10,912 shares of the airline’s stock valued at $144,000 after purchasing an additional 1,078 shares in the last quarter. QRG Capital Management Inc. boosted its holdings in American Airlines Group by 5.2% during the fourth quarter. QRG Capital Management Inc. now owns 21,904 shares of the airline’s stock valued at $301,000 after purchasing an additional 1,084 shares in the last quarter. GAMMA Investing LLC boosted its holdings in American Airlines Group by 50.6% during the first quarter. GAMMA Investing LLC now owns 4,049 shares of the airline’s stock valued at $62,000 after purchasing an additional 1,361 shares in the last quarter. Finally, Comerica Bank boosted its holdings in American Airlines Group by 1.6% during the fourth quarter. Comerica Bank now owns 92,853 shares of the airline’s stock valued at $1,276,000 after purchasing an additional 1,425 shares in the last quarter. 52.44% of the stock is currently owned by institutional investors.

American Airlines Group Stock Performance

Shares of AAL stock opened at $10.98 on Wednesday. American Airlines Group Inc. has a 52-week low of $10.86 and a 52-week high of $19.08. The stock has a market cap of $7.20 billion, a PE ratio of 18.30, a PEG ratio of 0.20 and a beta of 1.44. The firm’s 50 day moving average price is $12.49 and its two-hundred day moving average price is $13.68.

American Airlines Group (NASDAQ:AALGet Free Report) last posted its 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 negative return on equity of 31.65% and a net margin of 0.94%. The firm had revenue of $12.57 billion during the quarter, compared to analyst estimates of $12.60 billion. During the same quarter last year, the business posted $0.05 earnings per share. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. As a group, sell-side analysts predict that American Airlines Group Inc. will post 2.07 earnings per share for the current fiscal year.

Analysts Set New Price Targets

AAL has been the topic of several recent analyst reports. TD Cowen reduced their target price on American Airlines Group from $18.00 to $16.00 and set a “buy” rating on the stock in a report on Wednesday, May 29th. Bank of America reduced their target price on American Airlines Group from $12.00 to $11.00 and set an “underperform” rating on the stock in a report on Wednesday, May 29th. Citigroup reduced their target price on American Airlines Group from $20.00 to $16.50 and set a “buy” rating on the stock in a report on Friday, May 31st. Morgan Stanley reduced their target price on American Airlines Group from $20.00 to $18.00 and set an “overweight” rating on the stock in a report on Monday, June 3rd. Finally, Jefferies Financial Group downgraded American Airlines Group from a “buy” rating to a “hold” rating and reduced their target price for the stock from $17.00 to $12.00 in a report on Wednesday, May 29th. Two analysts have rated the stock with a sell rating, eight have assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat.com, American Airlines Group currently has a consensus rating of “Hold” and a consensus target price of $16.53.

Check Out Our Latest Research Report on American Airlines Group

American Airlines Group Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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