Slate Path Capital LP Lowers Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Slate Path Capital LP reduced its position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 17.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 14,340,994 shares of the airline's stock after selling 3,012,000 shares during the period. American Airlines Group accounts for about 4.6% of Slate Path Capital LP's holdings, making the stock its 6th biggest position. Slate Path Capital LP owned approximately 2.18% of American Airlines Group worth $249,964,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Avantax Advisory Services Inc. boosted its position in American Airlines Group by 4.5% during the fourth quarter. Avantax Advisory Services Inc. now owns 14,751 shares of the airline's stock worth $257,000 after purchasing an additional 635 shares during the period. Oregon Public Employees Retirement Fund boosted its position in shares of American Airlines Group by 0.6% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 133,774 shares of the airline's stock valued at $2,332,000 after acquiring an additional 774 shares during the last quarter. M&T Bank Corp increased its holdings in shares of American Airlines Group by 2.4% in the 4th quarter. M&T Bank Corp now owns 34,525 shares of the airline's stock worth $602,000 after buying an additional 794 shares during the last quarter. Brooklyn Investment Group increased its stake in American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock valued at $28,000 after acquiring an additional 909 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in shares of American Airlines Group by 5.2% during the fourth quarter. CIBC Asset Management Inc now owns 19,987 shares of the airline's stock worth $348,000 after acquiring an additional 981 shares in the last quarter. Hedge funds and other institutional investors own 52.44% of the company's stock.

Wall Street Analysts Forecast Growth

AAL has been the topic of a number of research analyst reports. Susquehanna reduced their price objective on shares of American Airlines Group from $18.00 to $10.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Raymond James cut their target price on shares of American Airlines Group from $15.00 to $14.00 and set an "outperform" rating for the company in a research note on Friday. Evercore ISI increased their price target on American Airlines Group to $18.00 and gave the stock a "hold" rating in a report on Thursday, January 9th. Bank of America cut their price target on shares of American Airlines Group from $16.00 to $12.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Finally, Redburn Partners raised American Airlines Group from a "neutral" rating to a "buy" rating and set a $24.00 price target for the company in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, American Airlines Group has a consensus rating of "Moderate Buy" and an average price target of $16.25.

American Airlines Group Stock Up 1.5 %

AAL stock traded up $0.14 during midday trading on Friday, hitting $9.75. 65,084,738 shares of the company traded hands, compared to its average volume of 38,658,103. American Airlines Group Inc. has a twelve month low of $8.50 and a twelve month high of $19.10. The business has a 50 day simple moving average of $11.59 and a 200-day simple moving average of $14.23. The stock has a market capitalization of $6.43 billion, a price-to-earnings ratio of 8.55, a price-to-earnings-growth ratio of 0.21 and a beta of 1.17.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The airline reported ($0.59) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.69) by $0.10. The firm had revenue of $12.55 billion for the quarter, compared to analyst estimates of $12.71 billion. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. Equities research analysts forecast that American Airlines Group Inc. will post 2.42 EPS for the current year.

Insider Activity at American Airlines Group

In other news, SVP Angela Owens sold 51,906 shares of the business's stock in a transaction on Monday, January 27th. The shares were sold at an average price of $17.15, for a total value of $890,187.90. Following the completion of the transaction, the senior vice president now owns 112,412 shares of the company's stock, valued at $1,927,865.80. The trade was a 31.59 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.49% of the stock is currently owned by company insiders.

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.