American Airlines Group Inc. (NASDAQ:AAL) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp increased its position in shares of American Airlines Group Inc. (NASDAQ:AALFree Report) by 82.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,920 shares of the airline’s stock after purchasing an additional 29,858 shares during the quarter. Cibc World Markets Corp’s holdings in American Airlines Group were worth $906,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of AAL. Invesco Ltd. lifted its holdings in shares of American Airlines Group by 28.3% during the third quarter. Invesco Ltd. now owns 12,119,358 shares of the airline’s stock worth $155,249,000 after purchasing an additional 2,672,793 shares during the period. Qube Research & Technologies Ltd acquired a new stake in shares of American Airlines Group during the third quarter worth about $28,867,000. U S Global Investors Inc. raised its position in American Airlines Group by 18.7% during the fourth 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. Assenagon Asset Management S.A. raised its position in American Airlines Group by 7,871.8% during the fourth quarter. Assenagon Asset Management S.A. now owns 1,762,081 shares of the airline’s stock valued at $24,211,000 after acquiring an additional 1,739,977 shares in the last quarter. Finally, Norges Bank purchased a new position in American Airlines Group during the fourth quarter valued at approximately $22,819,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Price Performance

Shares of NASDAQ:AAL opened at $11.49 on Tuesday. The business’s 50 day moving average price is $13.59 and its 200-day moving average price is $14.02. The firm has a market capitalization of $7.54 billion, a PE ratio of 19.15, a P/E/G ratio of 0.20 and a beta of 1.49. American Airlines Group Inc. has a 1 year low of $10.86 and a 1 year high of $19.08.

American Airlines Group (NASDAQ:AALGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). The company had revenue of $12.57 billion for the quarter, compared to analyst estimates of $12.60 billion. American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The business’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the firm posted $0.05 EPS. As a group, analysts expect that American Airlines Group Inc. will post 2.14 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. reduced their price target on American Airlines Group from $24.00 to $21.00 and set an “overweight” rating for the company in a research report on Thursday, May 30th. Morgan Stanley reduced their price target on American Airlines Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, June 3rd. Jefferies Financial Group cut American Airlines Group from a “buy” rating to a “hold” rating and reduced their price target for the company from $17.00 to $12.00 in a research report on Wednesday, May 29th. Sanford C. Bernstein lifted their price target on American Airlines Group from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Monday, May 6th. Finally, UBS Group assumed coverage on American Airlines Group in a research report on Wednesday, March 20th. They issued a “buy” rating and a $19.00 price objective for the company. Two research analysts have rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $16.53.

Read Our Latest Stock Report on AAL

American Airlines Group Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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