Bessemer Group Inc. Purchases 139,553 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Bessemer Group Inc. grew its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 4,915.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 142,392 shares of the airline’s stock after purchasing an additional 139,553 shares during the quarter. Bessemer Group Inc.’s holdings in American Airlines Group were worth $2,186,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. lifted its holdings in American Airlines Group by 1.1% during the first quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock worth $1,169,330,000 after acquiring an additional 806,770 shares in the last quarter. U S Global Investors Inc. lifted its stake in American Airlines Group by 18.7% in 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 during the last quarter. Par Capital Management Inc. raised its holdings in shares of American Airlines Group by 0.4% in the 4th quarter. Par Capital Management Inc. now owns 2,510,600 shares of the airline’s stock valued at $34,496,000 after purchasing an additional 10,600 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of American Airlines Group by 4.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,153,431 shares of the airline’s stock valued at $29,593,000 after purchasing an additional 82,537 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in shares of American Airlines Group by 7,871.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,762,081 shares of the airline’s stock worth $24,211,000 after acquiring an additional 1,739,977 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AAL. Morgan Stanley reduced their target price on shares of American Airlines Group from $20.00 to $18.00 and set an “overweight” rating for the company in a report on Monday, June 3rd. Jefferies Financial Group cut American Airlines Group from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $17.00 to $12.00 in a research report on Wednesday, May 29th. Evercore ISI decreased their target price on shares of American Airlines Group from $17.00 to $13.00 and set an “in-line” rating on the stock in a research report on Monday, July 15th. Bank of America cut their price objective on shares of American Airlines Group from $12.00 to $11.00 and set an “underperform” rating for the company in a research report on Wednesday, May 29th. Finally, JPMorgan Chase & Co. decreased their price target on American Airlines Group from $24.00 to $21.00 and set an “overweight” rating on the stock in a research note on Thursday, May 30th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $15.03.

American Airlines Group Trading Up 6.3 %

NASDAQ AAL traded up $0.64 during trading hours on Thursday, hitting $10.81. 43,831,250 shares of the company’s stock were exchanged, compared to its average volume of 34,209,426. The firm has a market cap of $7.09 billion, a price-to-earnings ratio of 18.02, a PEG ratio of 0.22 and a beta of 1.44. The stock has a 50-day simple moving average of $11.68 and a 200 day simple moving average of $13.45. American Airlines Group Inc. has a 1-year low of $9.76 and a 1-year high of $16.90.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The firm had revenue of $12.57 billion during the quarter, compared to the consensus estimate of $12.60 billion. During the same quarter in the prior year, the business earned $0.05 earnings per share. American Airlines Group’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, sell-side analysts anticipate that American Airlines Group Inc. will post 1.78 earnings per share for the current fiscal year.

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.