Point72 Asia Singapore Pte. Ltd. Takes Position in American Airlines Group Inc. (NASDAQ:AAL)

Point72 Asia Singapore Pte. Ltd. purchased a new stake in American Airlines Group Inc. (NASDAQ:AAL) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund purchased 152,483 shares of the airline’s stock, valued at approximately $1,714,000.

Several other hedge funds and other institutional investors have also modified their holdings of AAL. Blue Trust Inc. lifted its position in American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after purchasing an additional 911 shares during the last quarter. UMB Bank n.a. lifted its position in American Airlines Group by 404.3% in the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after purchasing an additional 2,264 shares during the last quarter. ORG Partners LLC bought a new stake in American Airlines Group in the 2nd quarter valued at about $36,000. Sentry Investment Management LLC bought a new stake in American Airlines Group in the 2nd quarter valued at about $36,000. Finally, First Command Advisory Services Inc. bought a new stake in American Airlines Group in the 2nd quarter valued at about $43,000. 52.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have commented on AAL shares. Bank of America boosted their price target on shares of American Airlines Group from $9.00 to $10.00 and gave the stock an “underperform” rating in a research report on Friday, October 25th. Citigroup boosted their price target on shares of American Airlines Group from $16.00 to $19.00 and gave the stock a “buy” rating in a research report on Tuesday, November 26th. UBS Group downgraded shares of American Airlines Group from a “buy” rating to a “neutral” rating and set a $16.00 price target on the stock. in a research report on Tuesday, November 26th. BNP Paribas upgraded shares of American Airlines Group to a “hold” rating in a research report on Thursday, September 19th. Finally, Jefferies Financial Group boosted their price target on shares of American Airlines Group from $10.00 to $11.00 and gave the stock a “hold” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $13.93.

American Airlines Group Price Performance

American Airlines Group stock opened at $14.52 on Monday. The firm’s 50 day simple moving average is $12.99 and its 200-day simple moving average is $11.76. The company has a market cap of $9.54 billion, a P/E ratio of 44.00, a price-to-earnings-growth ratio of 0.26 and a beta of 1.39. American Airlines Group Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $16.15.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The business had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.50 billion. During the same period last year, the firm posted $0.38 earnings per share. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. On average, analysts expect that American Airlines Group Inc. will post 1.49 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.