Teacher Retirement System of Texas Buys Shares of 24,017 American Airlines Group Inc. (NASDAQ:AAL)

Teacher Retirement System of Texas acquired a new position in shares of American Airlines Group Inc. (NASDAQ:AAL) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 24,017 shares of the airline’s stock, valued at approximately $253,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Zacks Investment Management acquired a new position in shares of American Airlines Group during the fourth quarter worth about $4,409,000. Raymond James Financial Inc. bought a new stake in American Airlines Group during the fourth quarter worth about $3,858,000. Wealth Enhancement Advisory Services LLC raised its holdings in American Airlines Group by 11.1% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 51,470 shares of the airline’s stock worth $897,000 after acquiring an additional 5,152 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in American Airlines Group by 99.5% during the first quarter. Janney Montgomery Scott LLC now owns 32,160 shares of the airline’s stock worth $339,000 after acquiring an additional 16,041 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. bought a new stake in American Airlines Group during the first quarter worth about $870,000. 52.44% of the stock is owned by institutional investors and hedge funds.

American Airlines Group Stock Performance

Shares of AAL opened at $12.51 on Friday. American Airlines Group Inc. has a 52 week low of $8.50 and a 52 week high of $19.10. The stock has a market capitalization of $8.25 billion, a price-to-earnings ratio of 13.90, a PEG ratio of 1.85 and a beta of 1.36. The stock has a fifty day moving average of $11.51 and a 200-day moving average of $12.77.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, April 24th. The airline reported ($0.59) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $0.10. The business had revenue of $12.55 billion during the quarter, compared to analyst estimates of $12.71 billion. American Airlines Group had a negative return on equity of 26.59% and a net margin of 1.26%. American Airlines Group’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period last year, the company earned ($0.34) EPS. As a group, equities analysts forecast that American Airlines Group Inc. will post 2.42 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Barclays upped their target price on American Airlines Group from $11.00 to $12.00 and gave the stock an “equal weight” rating in a report on Thursday, July 10th. Sanford C. Bernstein upped their price objective on American Airlines Group from $12.00 to $15.00 and gave the company an “outperform” rating in a research note on Tuesday, May 13th. Raymond James Financial dropped their price objective on American Airlines Group from $15.00 to $14.00 and set an “outperform” rating on the stock in a research note on Friday, April 25th. Jefferies Financial Group restated a “hold” rating and issued a $12.00 price objective (down previously from $20.00) on shares of American Airlines Group in a research note on Tuesday, April 1st. Finally, UBS Group upped their price objective on American Airlines Group from $9.00 to $12.00 and gave the company a “neutral” rating in a research note on Monday, July 7th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, American Airlines Group presently has an average rating of “Moderate Buy” and a consensus price target of $15.89.

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.