Aquatic Capital Management LLC Has $13.30 Million Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Aquatic Capital Management LLC lessened its position in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 41.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 763,046 shares of the airline's stock after selling 544,554 shares during the period. Aquatic Capital Management LLC owned approximately 0.12% of American Airlines Group worth $13,300,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Primecap Management Co. CA grew its position in American Airlines Group by 5.0% in the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline's stock valued at $1,049,734,000 after buying an additional 2,886,041 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new position in American Airlines Group in the 4th quarter valued at about $40,333,000. Assenagon Asset Management S.A. bought a new position in American Airlines Group in the 4th quarter valued at about $26,033,000. Norges Bank bought a new position in American Airlines Group in the 4th quarter valued at about $20,696,000. Finally, Principal Financial Group Inc. grew its position in American Airlines Group by 69.5% in the 4th quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline's stock valued at $44,892,000 after buying an additional 1,055,667 shares in the last quarter. 52.44% of the stock is currently owned by institutional investors.

American Airlines Group Stock Performance

Shares of AAL stock traded up $0.05 during trading on Tuesday, hitting $9.90. 60,753,001 shares of the company were exchanged, compared to its average volume of 38,871,499. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 8.68, a P/E/G ratio of 0.21 and a beta of 1.17. The business's 50-day simple moving average is $11.34 and its 200 day simple moving average is $14.24. American Airlines Group Inc. has a twelve month low of $8.50 and a twelve month high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, topping the consensus estimate of ($0.69) by $0.10. The business had revenue of $12.55 billion during the quarter, compared to analysts' expectations of $12.71 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. The firm's quarterly revenue was down .2% compared to the same quarter last year. During the same period last year, the company posted ($0.34) earnings per share. On average, equities analysts forecast that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on AAL. UBS Group decreased their target price on shares of American Airlines Group from $13.00 to $9.00 and set a "neutral" rating for the company in a research report on Monday, April 7th. Redburn Partners upgraded shares of American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 target price for the company in a research report on Wednesday, February 26th. Melius Research raised shares of American Airlines Group from a "hold" rating to a "strong-buy" rating in a report on Monday, January 6th. Redburn Atlantic raised shares of American Airlines Group from a "neutral" rating to a "buy" rating and upped their price target for the company from $18.00 to $24.00 in a report on Wednesday, February 26th. Finally, Melius raised shares of American Airlines Group from a "hold" rating to a "buy" rating and set a $23.00 price target for the company in a report on Monday, January 6th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $16.25.

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.