Y Intercept Hong Kong Ltd Buys Shares of 486,052 American Airlines Group Inc. (NASDAQ:AAL)

Y Intercept Hong Kong Ltd acquired a new position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the 3rd quarter, according to its most recent disclosure with the SEC. The fund acquired 486,052 shares of the airline's stock, valued at approximately $5,463,000. Y Intercept Hong Kong Ltd owned about 0.07% of American Airlines Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Blue Trust Inc. raised its holdings in American Airlines Group by 56.2% during the third quarter. Blue Trust Inc. now owns 2,533 shares of the airline's stock worth $29,000 after purchasing an additional 911 shares in the last quarter. UMB Bank n.a. lifted its position in American Airlines Group by 404.3% in the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline's stock valued at $32,000 after acquiring an additional 2,264 shares during the last quarter. ORG Partners LLC purchased a new stake in American Airlines Group in the second quarter valued at $36,000. Sentry Investment Management LLC acquired a new position in American Airlines Group in the second quarter valued at $36,000. Finally, First Command Advisory Services Inc. acquired a new stake in shares of American Airlines Group during the second quarter worth about $43,000. Institutional investors and hedge funds own 52.44% of the company's stock.

American Airlines Group Trading Down 1.4 %

Shares of NASDAQ:AAL traded down $0.24 during trading on Monday, hitting $17.16. 29,578,781 shares of the stock were exchanged, compared to its average volume of 33,932,984. The company has a market cap of $11.28 billion, a PE ratio of 52.00, a P/E/G ratio of 0.30 and a beta of 1.41. The company has a fifty day moving average price of $13.56 and a two-hundred day moving average price of $11.83. American Airlines Group Inc. has a 12-month low of $9.07 and a 12-month high of $18.09.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.50 billion. During the same period in the previous year, the business earned $0.38 earnings per share. American Airlines Group's quarterly revenue was up 1.2% compared to the same quarter last year. Equities research analysts anticipate that American Airlines Group Inc. will post 1.53 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages recently issued reports on AAL. The Goldman Sachs Group reissued a "neutral" rating and issued a $15.00 target price on shares of American Airlines Group in a research report on Friday, November 15th. Seaport Res Ptn raised American Airlines Group from a "hold" rating to a "strong-buy" rating in a report on Thursday. Bank of America lifted their target price on shares of American Airlines Group from $9.00 to $10.00 and gave the company an "underperform" rating in a report on Friday, October 25th. Scotiabank raised shares of American Airlines Group from a "neutral" rating to a "buy" rating and set a $20.00 price objective on the stock in a research report on Thursday. Finally, Susquehanna lifted their price objective on shares of American Airlines Group from $11.00 to $12.00 and gave the company a "neutral" rating in a research note on Wednesday, October 9th. One analyst has rated the stock with a sell rating, ten have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $14.82.

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.