American Airlines Group Inc. (NASDAQ:AAL) Shares Bought by Susquehanna Fundamental Investments LLC

Susquehanna Fundamental Investments LLC boosted its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 12.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 124,615 shares of the airline’s stock after acquiring an additional 13,600 shares during the quarter. Susquehanna Fundamental Investments LLC’s holdings in American Airlines Group were worth $1,412,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its position in American Airlines Group by 1.1% during the 1st quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock worth $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 valued at $644,466,000 after buying an additional 14,549,310 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of American Airlines Group by 75.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,240,659 shares of the airline’s stock valued at $48,047,000 after buying an additional 1,823,928 shares during the period. Par Capital Management Inc. lifted its holdings in shares of American Airlines Group by 0.4% in the 4th quarter. Par Capital Management Inc. now owns 2,510,600 shares of the airline’s stock valued at $34,496,000 after buying an additional 10,600 shares during the period. Finally, Sei Investments Co. lifted its holdings in shares of American Airlines Group by 14.7% in the 2nd quarter. Sei Investments Co. now owns 1,199,121 shares of the airline’s stock valued at $13,586,000 after buying an additional 153,515 shares during the period. 52.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AAL has been the subject of several recent analyst reports. Sanford C. Bernstein cut American Airlines Group from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $18.00 to $12.00 in a report on Monday, July 22nd. Evercore reduced their price target on American Airlines Group from $13.00 to $10.00 in a report on Friday, July 26th. Evercore ISI reduced their price target on American Airlines Group to $10.00 and set a “hold” rating for the company in a report on Friday, July 26th. BNP Paribas raised American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Finally, Redburn Atlantic raised American Airlines Group to a “hold” rating in a research note on Tuesday, September 3rd. Two analysts have rated the stock with a sell rating, nine have given a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $13.15.

American Airlines Group Stock Performance

American Airlines Group stock opened at $10.90 on Wednesday. The stock has a fifty day moving average of $10.48 and a two-hundred day moving average of $12.07. The company has a market capitalization of $7.15 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 0.27 and a beta of 1.43. 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 quarterly earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.05. The company had revenue of $14.33 billion during the quarter, compared to the consensus estimate of $14.38 billion. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. American Airlines Group’s revenue was up 2.0% compared to the same quarter last year. During the same quarter last year, the business posted $1.92 earnings per share. On average, analysts forecast that American Airlines Group Inc. will post 1.07 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.