Raiffeisen Bank International AG Buys Shares of 9,437 American Airlines Group Inc. (NASDAQ:AAL)

Raiffeisen Bank International AG bought a new stake in American Airlines Group Inc. (NASDAQ:AAL) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 9,437 shares of the airline’s stock, valued at approximately $162,000.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Point72 Hong Kong Ltd increased its holdings in American Airlines Group by 308.9% in the fourth quarter. Point72 Hong Kong Ltd now owns 19,948 shares of the airline’s stock valued at $348,000 after buying an additional 15,069 shares in the last quarter. Polar Asset Management Partners Inc. purchased a new position in shares of American Airlines Group during the 4th quarter worth approximately $8,009,000. Quantinno Capital Management LP increased its stake in shares of American Airlines Group by 12.3% during the 4th quarter. Quantinno Capital Management LP now owns 345,128 shares of the airline’s stock worth $6,016,000 after purchasing an additional 37,769 shares in the last quarter. Paradoxiom Capital L.P. purchased a new position in shares of American Airlines Group during the 4th quarter worth approximately $9,785,000. Finally, Lighthouse Investment Partners LLC purchased a new position in shares of American Airlines Group during the 4th quarter worth approximately $7,233,000. 52.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the stock. Jefferies Financial Group reissued a “hold” rating and set a $12.00 price objective (down from $20.00) on shares of American Airlines Group in a research note on Tuesday, April 1st. Citigroup dropped their price objective on shares of American Airlines Group from $21.50 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. StockNews.com cut shares of American Airlines Group from a “buy” rating to a “hold” rating in a research note on Thursday, March 13th. Raymond James dropped their price objective on shares of American Airlines Group from $15.00 to $14.00 and set an “outperform” rating for the company in a research note on Friday, April 25th. Finally, UBS Group dropped their price objective on shares of American Airlines Group from $13.00 to $9.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.68.

American Airlines Group Stock Up 0.9%

Shares of NASDAQ AAL opened at $11.86 on Monday. American Airlines Group Inc. has a 52-week low of $8.50 and a 52-week high of $19.10. The firm has a fifty day moving average of $10.47 and a 200-day moving average of $14.04. The stock has a market capitalization of $7.82 billion, a PE ratio of 10.40, a P/E/G ratio of 0.21 and a beta of 1.31.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) earnings per share (EPS) for the quarter, beating the consensus estimate 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 company had revenue of $12.55 billion during the quarter, compared to analysts’ expectations of $12.71 billion. During the same period in the previous year, the company earned ($0.34) EPS. The business’s quarterly revenue was down .2% compared to the same quarter last year. Equities research analysts expect that American Airlines Group Inc. will post 2.42 EPS 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.