American Airlines Group Inc. (NASDAQ:AAL) Shares Purchased by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System boosted its position in American Airlines Group Inc. (NASDAQ:AAL) by 2.0% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 716,030 shares of the airline’s stock after purchasing an additional 14,051 shares during the period. State Board of Administration of Florida Retirement System’s holdings in American Airlines Group were worth $15,187,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Geode Capital Management LLC lifted its position in American Airlines Group by 10.7% in the first quarter. Geode Capital Management LLC now owns 11,648,400 shares of the airline’s stock worth $277,953,000 after purchasing an additional 1,123,160 shares during the period. Nuveen Asset Management LLC lifted its position in American Airlines Group by 5.0% in the first quarter. Nuveen Asset Management LLC now owns 5,528,863 shares of the airline’s stock worth $132,140,000 after purchasing an additional 265,157 shares during the period. Northern Trust Corp lifted its position in American Airlines Group by 3.8% in the first quarter. Northern Trust Corp now owns 5,378,296 shares of the airline’s stock worth $128,542,000 after purchasing an additional 197,361 shares during the period. Jericho Capital Asset Management L.P. acquired a new stake in shares of American Airlines Group during the 1st quarter valued at $50,989,000. Finally, Hosking Partners LLP lifted its position in shares of American Airlines Group by 21.8% during the 2nd quarter. Hosking Partners LLP now owns 1,970,355 shares of the airline’s stock valued at $41,791,000 after acquiring an additional 353,197 shares during the last quarter. Hedge funds and other institutional investors own 53.32% of the company’s stock.

NASDAQ AAL opened at $19.73 on Friday. American Airlines Group Inc. has a 1-year low of $10.63 and a 1-year high of $26.09. The company has a market capitalization of $12.77 billion, a PE ratio of -1.89 and a beta of 1.78. The firm’s fifty day simple moving average is $20.07 and its 200-day simple moving average is $21.73.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Wednesday, July 21st. The airline reported ($1.69) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.71) by $0.02. The company had revenue of $7.48 billion during the quarter, compared to analyst estimates of $7.48 billion. During the same period last year, the company posted ($7.82) earnings per share. The company’s revenue was up 361.0% compared to the same quarter last year. Analysts anticipate that American Airlines Group Inc. will post -6.89 EPS for the current fiscal year.

A number of equities research analysts have recently commented on the company. Berenberg Bank upgraded American Airlines Group from a “sell” rating to a “hold” rating and increased their price objective for the company from $16.00 to $19.00 in a research report on Tuesday, July 27th. Susquehanna Bancshares upgraded American Airlines Group to a “neutral” rating and increased their price objective for the company from $18.00 to $20.00 in a research report on Tuesday, July 27th. Susquehanna upgraded American Airlines Group from a “negative” rating to a “neutral” rating and increased their price objective for the company from $18.00 to $20.00 in a research report on Tuesday, July 27th. Morgan Stanley increased their price objective on American Airlines Group from $21.00 to $23.00 and gave the company an “underweight” rating in a research report on Tuesday. Finally, Seaport Global Securities upgraded American Airlines Group from a “neutral” rating to a “buy” rating and set a $27.00 price objective for the company in a research report on Friday, July 23rd. Two equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $20.73.

American Airlines Group Profile

American Airlines Group, Inc is a holding company, which engages in the operation of a network carrier through its principal wholly-owned mainline operating subsidiary, American. The firm offers air transportation for passengers and cargo. It operates through the following geographical segments: Department of Transportation Domestic; Department of Transportation Latin America; Department of Transportation Atlantic; and Department of Transportation Pacific.

See Also: Initial Coin Offering (ICO)

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

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