Natixis Makes New $2.30 Million Investment in American Airlines Group Inc. (NASDAQ:AAL)

Natixis bought a new stake in American Airlines Group Inc. (NASDAQ:AAL) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 149,585 shares of the airline’s stock, valued at approximately $2,296,000.

Several other institutional investors and hedge funds also recently made changes to their positions in AAL. Raymond James Financial Services Advisors Inc. grew its position in shares of American Airlines Group by 6.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 189,050 shares of the airline’s stock valued at $2,598,000 after purchasing an additional 11,746 shares during the last quarter. Assenagon Asset Management S.A. grew its position in shares of American Airlines Group by 7,871.8% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,762,081 shares of the airline’s stock valued at $24,211,000 after purchasing an additional 1,739,977 shares during the last quarter. Global Retirement Partners LLC grew its position in American Airlines Group by 11.0% during the fourth quarter. Global Retirement Partners LLC now owns 10,912 shares of the airline’s stock worth $144,000 after buying an additional 1,078 shares in the last quarter. Oak Thistle LLC acquired a new stake in American Airlines Group during the fourth quarter worth approximately $1,171,000. Finally, Integrated Investment Consultants LLC acquired a new stake in American Airlines Group during the fourth quarter worth approximately $803,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Up 4.2 %

American Airlines Group stock traded up $0.43 during trading hours on Thursday, reaching $10.60. 96,219,992 shares of the company’s stock were exchanged, compared to its average volume of 34,578,020. The firm’s 50 day simple moving average is $11.68 and its 200 day simple moving average is $13.45. American Airlines Group Inc. has a twelve month low of $9.76 and a twelve month high of $16.90. The firm has a market capitalization of $6.95 billion, a PE ratio of 18.03, a PEG ratio of 0.22 and a beta of 1.44.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). The business had revenue of $12.57 billion for the quarter, compared to analyst estimates of $12.60 billion. American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The business’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.05 earnings per share. Analysts anticipate that American Airlines Group Inc. will post 1.78 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on AAL. HSBC began coverage on American Airlines Group in a research report on Monday, May 13th. They set a “buy” rating and a $17.90 price target on the stock. Bank of America reduced their price target on American Airlines Group from $12.00 to $11.00 and set an “underperform” rating on the stock in a research report on Wednesday, May 29th. Susquehanna reduced their price target on American Airlines Group from $15.00 to $13.00 and set a “neutral” rating on the stock in a research report on Thursday, May 30th. Morgan Stanley cut their target price on American Airlines Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, June 3rd. Finally, JPMorgan Chase & Co. cut their target price on American Airlines Group from $24.00 to $21.00 and set an “overweight” rating for the company in a research note on Thursday, May 30th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $15.03.

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.