Point72 Hong Kong Ltd Acquires Shares of 4,879 American Airlines Group Inc. (NASDAQ:AAL)

Point72 Hong Kong Ltd bought a new stake in American Airlines Group Inc. (NASDAQ:AAL) during the third quarter, HoldingsChannel reports. The firm bought 4,879 shares of the airline’s stock, valued at approximately $55,000.

Other large investors have also modified their holdings of the company. Blue Trust Inc. lifted its holdings in American Airlines Group by 56.2% during the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after buying an additional 911 shares during the last quarter. CWM LLC increased its stake in American Airlines Group by 5.2% during the second quarter. CWM LLC now owns 21,540 shares of the airline’s stock valued at $244,000 after purchasing an additional 1,059 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in shares of American Airlines Group by 8.2% during the second quarter. Sunbelt Securities Inc. now owns 14,894 shares of the airline’s stock worth $169,000 after purchasing an additional 1,126 shares during the period. B. Riley Wealth Advisors Inc. lifted its position in shares of American Airlines Group by 7.7% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 18,515 shares of the airline’s stock worth $284,000 after buying an additional 1,329 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of American Airlines Group by 16.5% in the 2nd quarter. Signaturefd LLC now owns 9,470 shares of the airline’s stock valued at $107,000 after buying an additional 1,343 shares during the period. Institutional investors own 52.44% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on AAL shares. Citigroup raised their target price on shares of American Airlines Group from $16.00 to $19.00 and gave the stock a “buy” rating in a report on Tuesday, November 26th. JPMorgan Chase & Co. upped their price objective on American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Barclays upgraded shares of American Airlines Group from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $10.00 to $16.00 in a research report on Thursday, November 14th. TD Cowen boosted their price objective on American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. Finally, BNP Paribas upgraded shares of American Airlines Group to a “hold” rating in a report on Thursday, September 19th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $13.93.

American Airlines Group Stock Performance

American Airlines Group stock opened at $14.47 on Wednesday. The company has a 50 day moving average price of $13.13 and a 200 day moving average price of $11.75. 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 capitalization of $9.51 billion, a price-to-earnings ratio of 43.85, a P/E/G ratio of 0.26 and a beta of 1.41.

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