Arizona State Retirement System Lowers Position in American Airlines Group Inc. (NASDAQ:AAL)

Arizona State Retirement System lessened its position in American Airlines Group Inc. (NASDAQ:AAL) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 45,661 shares of the airline’s stock after selling 811 shares during the quarter. Arizona State Retirement System’s holdings in American Airlines Group were worth $627,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in AAL. Raymond James & Associates lifted its stake in shares of American Airlines Group by 12.8% in the 1st quarter. Raymond James & Associates now owns 143,373 shares of the airline’s stock valued at $2,617,000 after purchasing an additional 16,316 shares during the period. American Century Companies Inc. raised its stake in American Airlines Group by 14.1% during the first quarter. American Century Companies Inc. now owns 27,651 shares of the airline’s stock valued at $505,000 after buying an additional 3,421 shares during the last quarter. US Bancorp DE raised its stake in American Airlines Group by 11.0% during the first quarter. US Bancorp DE now owns 20,747 shares of the airline’s stock valued at $378,000 after buying an additional 2,064 shares during the last quarter. MetLife Investment Management LLC raised its stake in American Airlines Group by 23.1% during the first quarter. MetLife Investment Management LLC now owns 176,047 shares of the airline’s stock valued at $3,213,000 after buying an additional 32,986 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in American Airlines Group by 6.6% during the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 86,668 shares of the airline’s stock valued at $1,582,000 after buying an additional 5,393 shares during the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.

American Airlines Group Stock Up 0.9 %

Shares of American Airlines Group stock opened at $14.02 on Friday. The stock’s 50-day simple moving average is $14.56 and its 200-day simple moving average is $13.56. American Airlines Group Inc. has a 52 week low of $10.86 and a 52 week high of $19.08. The company has a market capitalization of $9.18 billion, a price-to-earnings ratio of 12.75, a PEG ratio of 0.11 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, January 25th. The airline reported $0.29 EPS for the quarter, beating the consensus estimate of $0.11 by $0.18. American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The business had revenue of $13.06 billion for the quarter, compared to the consensus estimate of $13.01 billion. During the same period in the previous year, the business earned $1.17 earnings per share. The business’s revenue was down 1.0% on a year-over-year basis. On average, equities analysts expect that American Airlines Group Inc. will post 2.45 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on AAL shares. Morgan Stanley reiterated an “overweight” rating and set a $20.00 price objective on shares of American Airlines Group in a research note on Tuesday, March 5th. Citigroup reissued a “buy” rating and issued a $20.00 target price on shares of American Airlines Group in a report on Thursday, March 14th. Wolfe Research raised American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 target price for the company in a report on Monday, January 22nd. JPMorgan Chase & Co. lifted their target price on American Airlines Group from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Finally, Jefferies Financial Group raised American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a report on Thursday, January 11th. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $17.53.

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.