HFG Advisors Inc. Boosts Stake in American Airlines Group Inc. (NASDAQ:AAL)

HFG Advisors Inc. increased its position in American Airlines Group Inc. (NASDAQ:AAL) by 10.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,070 shares of the airline’s stock after buying an additional 2,720 shares during the period. HFG Advisors Inc.’s holdings in American Airlines Group were worth $431,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in AAL. Vanguard Group Inc. increased its stake in American Airlines Group by 0.9% during the third quarter. Vanguard Group Inc. now owns 78,888,859 shares of the airline’s stock worth $1,010,566,000 after acquiring an additional 667,660 shares during the last quarter. U S Global Investors Inc. increased its stake in American Airlines Group by 18.7% during the fourth quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock worth $174,159,000 after acquiring an additional 2,001,247 shares during the last quarter. Northern Trust Corp increased its stake in American Airlines Group by 2.1% during the third quarter. Northern Trust Corp now owns 4,748,260 shares of the airline’s stock worth $60,825,000 after acquiring an additional 98,130 shares during the last quarter. Par Capital Management Inc. increased its stake in American Airlines Group by 0.4% during the fourth quarter. Par Capital Management Inc. now owns 2,510,600 shares of the airline’s stock worth $34,496,000 after acquiring an additional 10,600 shares during the last quarter. Finally, Qube Research & Technologies Ltd bought a new stake in American Airlines Group during the third quarter worth approximately $28,867,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group Trading Down 2.0 %

Shares of AAL traded down $0.23 during midday trading on Monday, hitting $11.10. 17,130,569 shares of the company’s stock traded hands, compared to its average volume of 33,911,836. American Airlines Group Inc. has a 1 year low of $10.86 and a 1 year high of $19.08. The firm’s fifty day moving average is $12.91 and its 200-day moving average is $13.84. The stock has a market capitalization of $7.28 billion, a price-to-earnings ratio of 18.88, a price-to-earnings-growth ratio of 0.20 and a beta of 1.44.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) EPS for the quarter, missing the consensus estimate of ($0.28) by ($0.06). American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The business had revenue of $12.57 billion for the quarter, compared to analysts’ expectations of $12.60 billion. During the same quarter in the prior year, the company posted $0.05 EPS. The business’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, equities research analysts anticipate that American Airlines Group Inc. will post 2.07 EPS for the current year.

Analyst Upgrades and Downgrades

AAL has been the topic of a number of analyst reports. Jefferies Financial Group cut American Airlines Group from a “buy” rating to a “hold” rating and cut their target price for the company from $17.00 to $12.00 in a research note on Wednesday, May 29th. Seaport Res Ptn cut American Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Susquehanna cut their target price on American Airlines Group from $15.00 to $13.00 and set a “neutral” rating on the stock in a research note on Thursday, May 30th. UBS Group started coverage on American Airlines Group in a research note on Wednesday, March 20th. They set a “buy” rating and a $19.00 target price on the stock. Finally, Sanford C. Bernstein boosted their price target on American Airlines Group from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Monday, May 6th. Two analysts have rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $16.53.

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.