American Airlines Group Inc. (NASDAQ:AAL) Stock Holdings Lifted by Maverick Capital Ltd.

Maverick Capital Ltd. lifted its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 95.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 193,854 shares of the airline’s stock after buying an additional 94,573 shares during the period. Maverick Capital Ltd.’s holdings in American Airlines Group were worth $2,196,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of AAL. Vanguard Group Inc. boosted its stake in American Airlines Group by 1.1% in the first quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock valued at $1,169,330,000 after acquiring an additional 806,770 shares during the period. Primecap Management Co. CA lifted its holdings in shares of American Airlines Group by 34.4% in the 2nd quarter. Primecap Management Co. CA now owns 56,881,356 shares of the airline’s stock worth $644,466,000 after purchasing an additional 14,549,310 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in American Airlines Group by 75.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after purchasing an additional 1,823,928 shares during the period. Par Capital Management Inc. grew its stake in American Airlines Group by 0.4% during the 4th quarter. Par Capital Management Inc. now owns 2,510,600 shares of the airline’s stock worth $34,496,000 after buying an additional 10,600 shares during the last quarter. Finally, Norges Bank acquired a new stake in American Airlines Group in the fourth quarter worth $22,819,000. Institutional investors own 52.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on AAL. TD Securities reduced their price target on shares of American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. Morgan Stanley reduced their target price on shares of 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. Evercore decreased their target price on shares of American Airlines Group from $13.00 to $10.00 in a research report on Friday, July 26th. BNP Paribas raised American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Finally, Evercore ISI decreased their price objective on American Airlines Group to $10.00 and set a “hold” rating for the company in a report on Friday, July 26th. Two analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $13.15.

American Airlines Group Stock Up 7.2 %

NASDAQ:AAL opened at $11.79 on Friday. American Airlines Group Inc. has a 52-week low of $9.07 and a 52-week high of $16.15. The firm has a market cap of $7.74 billion, a P/E ratio of 19.65, a PEG ratio of 0.27 and a beta of 1.43. The business’s 50-day moving average price is $10.45 and its 200 day moving average price is $12.14.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $14.33 billion for the quarter, compared to analysts’ expectations of $14.38 billion. During the same quarter in the previous year, the company posted $1.92 EPS. The business’s revenue was up 2.0% compared to the same quarter last year. Sell-side analysts expect that American Airlines Group Inc. will post 1.07 EPS for the current year.

About American Airlines Group

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.