UniSuper Management Pty Ltd Has $922,000 Position in American Airlines Group Inc. (NASDAQ:AAL)

UniSuper Management Pty Ltd boosted its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 1,144.1% in the 1st quarter, HoldingsChannel.com reports. The firm owned 60,065 shares of the airline’s stock after acquiring an additional 55,237 shares during the quarter. UniSuper Management Pty Ltd’s holdings in American Airlines Group were worth $922,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. lifted its stake 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 valued at $1,169,330,000 after acquiring an additional 806,770 shares in the last quarter. U S Global Investors Inc. lifted its stake in American Airlines Group by 18.7% during the 4th quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock valued at $174,159,000 after acquiring an additional 2,001,247 shares in the last quarter. Par Capital Management Inc. raised its stake in shares of 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 purchasing an additional 10,600 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of American Airlines Group by 4.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,153,431 shares of the airline’s stock worth $29,593,000 after purchasing an additional 82,537 shares during the period. Finally, Assenagon Asset Management S.A. raised its stake in shares of American Airlines Group by 7,871.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,762,081 shares of the airline’s stock worth $24,211,000 after purchasing an additional 1,739,977 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AAL shares. Jefferies Financial Group cut American Airlines Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $17.00 to $12.00 in a research note on Wednesday, May 29th. HSBC started coverage on American Airlines Group in a research note on Monday, May 13th. They set a “buy” rating and a $17.90 target price on the stock. JPMorgan Chase & Co. lowered their target price on American Airlines Group from $24.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday, May 30th. 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 report on Wednesday, July 10th. Finally, Seaport Res Ptn lowered American Airlines Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 29th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $15.03.

American Airlines Group Price Performance

NASDAQ AAL traded up $0.18 during trading hours on Thursday, hitting $10.35. The company’s stock had a trading volume of 26,723,908 shares, compared to its average volume of 34,088,953. American Airlines Group Inc. has a 12 month low of $9.76 and a 12 month high of $16.90. The company’s 50 day simple moving average is $11.68 and its two-hundred day simple moving average is $13.45. The company has a market cap of $6.79 billion, a P/E ratio of 16.95, a price-to-earnings-growth ratio of 0.22 and a beta of 1.44.

American Airlines Group (NASDAQ:AAL) last released 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 negative return on equity of 31.65% and a net margin of 0.94%. The business had revenue of $12.57 billion during the quarter, compared to the consensus estimate of $12.60 billion. During the same quarter in the previous year, the business posted $0.05 earnings per share. American Airlines Group’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, research analysts predict that American Airlines Group Inc. will post 1.78 earnings per share for the current fiscal 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.