Public Employees Retirement System of Ohio Has $4.07 Million Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Public Employees Retirement System of Ohio trimmed its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 7.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 265,231 shares of the airline’s stock after selling 20,693 shares during the period. Public Employees Retirement System of Ohio’s holdings in American Airlines Group were worth $4,071,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of AAL. Empirical Finance LLC raised its holdings in American Airlines Group by 1.4% during the 1st quarter. Empirical Finance LLC now owns 58,573 shares of the airline’s stock worth $899,000 after purchasing an additional 797 shares during the last quarter. Eudaimonia Partners LLC boosted its stake in American Airlines Group by 4.2% in the first quarter. Eudaimonia Partners LLC now owns 23,054 shares of the airline’s stock valued at $354,000 after acquiring an additional 927 shares during the last quarter. Ackerman Capital Advisors LLC grew its holdings in American Airlines Group by 6.5% during the 1st quarter. Ackerman Capital Advisors LLC now owns 15,661 shares of the airline’s stock worth $240,000 after acquiring an additional 949 shares during the period. Federated Hermes Inc. raised its position in shares of American Airlines Group by 32.2% during the 4th quarter. Federated Hermes Inc. now owns 4,114 shares of the airline’s stock valued at $57,000 after acquiring an additional 1,003 shares during the last quarter. Finally, Global Retirement Partners LLC increased its holdings in American Airlines Group by 11.0% in the fourth quarter. Global Retirement Partners LLC now owns 10,912 shares of the airline’s stock valued at $144,000 after purchasing an additional 1,078 shares during the last quarter. 52.44% of the stock is owned by institutional investors.

American Airlines Group Price Performance

AAL opened at $10.64 on Thursday. The business has a fifty day simple moving average of $11.30 and a 200 day simple moving average of $13.32. American Airlines Group Inc. has a 1 year low of $9.76 and a 1 year high of $16.87. The company has a market capitalization of $6.99 billion, a PE ratio of 17.73, a price-to-earnings-growth ratio of 0.21 and a beta of 1.44.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The firm had revenue of $14.33 billion during the quarter, compared to the consensus estimate of $14.38 billion. During the same quarter in the previous year, the firm posted $1.92 EPS. The business’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts anticipate that American Airlines Group Inc. will post 0.98 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages have commented on AAL. Susquehanna cut their target price on shares of American Airlines Group from $15.00 to $13.00 and set a “neutral” rating on the stock in a report on Thursday, May 30th. Sanford C. Bernstein downgraded American Airlines Group from an “outperform” rating to a “market perform” rating and dropped their price objective for the stock from $18.00 to $12.00 in a research note on Monday, July 22nd. HSBC assumed coverage on American Airlines Group in a research note on Monday, May 13th. They issued a “buy” rating and a $17.90 target price for the company. Bank of America dropped 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. Finally, Barclays decreased their price objective on American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $13.80.

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.