Graham Capital Management L.P. Makes New Investment in American Airlines Group Inc. (NASDAQ:AAL)

Graham Capital Management L.P. bought a new stake in American Airlines Group Inc. (NASDAQ:AAL) in the fourth quarter, Holdings Channel.com reports. The firm bought 183,175 shares of the airline’s stock, valued at approximately $3,193,000.

A number of other large investors have also made changes to their positions in AAL. Tidal Investments LLC raised its position in American Airlines Group by 63.1% in the 3rd quarter. Tidal Investments LLC now owns 66,249 shares of the airline’s stock valued at $745,000 after purchasing an additional 25,637 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of American Airlines Group by 107.6% in the 3rd quarter. Principal Financial Group Inc. now owns 1,519,904 shares of the airline’s stock valued at $17,084,000 after purchasing an additional 787,671 shares in the last quarter. Cooper Financial Group purchased a new stake in shares of American Airlines Group during the 4th quarter worth $181,000. Friedenthal Financial raised its stake in American Airlines Group by 1,039.9% in the fourth quarter. Friedenthal Financial now owns 48,355 shares of the airline’s stock valued at $843,000 after buying an additional 44,113 shares in the last quarter. Finally, Assenagon Asset Management S.A. purchased a new stake in American Airlines Group during the 4th quarter worth about $26,033,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have weighed in on AAL shares. Redburn Atlantic raised shares of American Airlines Group from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $18.00 to $24.00 in a report on Wednesday, February 26th. Jefferies Financial Group reiterated 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. Raymond James cut their target price on shares of American Airlines Group from $15.00 to $14.00 and set an “outperform” rating on the stock in a report on Friday, April 25th. TD Cowen increased their price target on shares of American Airlines Group to $13.00 and gave the stock an “unchanged” rating in a research note on Friday, April 25th. Finally, Redburn Partners raised American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Wednesday, February 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $16.25.

American Airlines Group Price Performance

Shares of AAL opened at $11.11 on Friday. American Airlines Group Inc. has a 1-year low of $8.50 and a 1-year high of $19.10. The stock has a market cap of $7.33 billion, a price-to-earnings ratio of 9.75, a price-to-earnings-growth ratio of 0.21 and a beta of 1.31. The firm has a 50 day simple moving average of $10.57 and a 200-day simple moving average of $14.09.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.10. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. The business had revenue of $12.55 billion during the quarter, compared to the consensus estimate of $12.71 billion. During the same period in the previous year, the firm posted ($0.34) earnings per share. The company’s quarterly revenue was down .2% compared to the same quarter last year. On average, equities analysts expect that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

American Airlines Group Company 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.