Signaturefd LLC Has $107,000 Stake in American Airlines Group Inc. (NASDAQ:AAL)

Signaturefd LLC increased its position in American Airlines Group Inc. (NASDAQ:AAL) by 16.5% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,470 shares of the airline’s stock after buying an additional 1,343 shares during the period. Signaturefd LLC’s holdings in American Airlines Group were worth $107,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AAL. ORG Partners LLC acquired a new position in American Airlines Group during the second quarter worth $36,000. Cetera Investment Advisers increased its holdings in shares of American Airlines Group by 271.8% during the 1st quarter. Cetera Investment Advisers now owns 187,130 shares of the airline’s stock valued at $2,872,000 after acquiring an additional 136,797 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in shares of American Airlines Group in the 2nd quarter valued at approximately $5,452,000. GAMMA Investing LLC lifted its holdings in American Airlines Group by 70.0% in the 2nd quarter. GAMMA Investing LLC now owns 6,885 shares of the airline’s stock worth $78,000 after purchasing an additional 2,836 shares during the last quarter. Finally, Federated Hermes Inc. boosted its position in American Airlines Group by 32.2% during the fourth quarter. Federated Hermes Inc. now owns 4,114 shares of the airline’s stock worth $57,000 after purchasing an additional 1,003 shares during the period. Institutional investors own 52.44% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently commented on AAL. Bank of America dropped their price target on shares of American Airlines Group from $12.00 to $11.00 and set an “underperform” rating on the stock in a research report on Wednesday, May 29th. Citigroup dropped their price objective on American Airlines Group from $20.00 to $16.50 and set a “buy” rating on the stock in a research note on Friday, May 31st. Jefferies Financial Group downgraded American Airlines Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $17.00 to $12.00 in a research note on Wednesday, May 29th. Sanford C. Bernstein downgraded American Airlines Group from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $18.00 to $12.00 in a research report on Monday, July 22nd. Finally, Barclays reduced their price objective on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $13.73.

American Airlines Group Stock Performance

NASDAQ:AAL opened at $10.60 on Wednesday. The company has a 50-day moving average of $10.46 and a 200-day moving average of $12.58. American Airlines Group Inc. has a 52 week low of $9.07 and a 52 week high of $16.15. The company has a market capitalization of $6.96 billion, a price-to-earnings ratio of 17.67, a PEG ratio of 0.22 and a beta of 1.44.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The company had revenue of $14.33 billion for the quarter, compared to the consensus estimate of $14.38 billion. During the same period in the previous year, the business earned $1.92 earnings per share. The company’s quarterly revenue was up 2.0% on a year-over-year basis. Sell-side analysts forecast that American Airlines Group Inc. will post 0.97 EPS for the current year.

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.