Soros Fund Management LLC Raises Stake in American Airlines Group, Inc. (AAL)

Soros Fund Management LLC boosted its stake in shares of American Airlines Group, Inc. (NASDAQ:AAL) by 462.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 116,950 shares of the airline’s stock after buying an additional 96,150 shares during the period. Soros Fund Management LLC’s holdings in American Airlines Group were worth $4,947,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Two Sigma Securities LLC bought a new position in American Airlines Group during the first quarter worth about $234,000. Oppenheimer & Co. Inc. boosted its position in American Airlines Group by 29.0% in the first quarter. Oppenheimer & Co. Inc. now owns 128,391 shares of the airline’s stock worth $5,432,000 after buying an additional 28,873 shares in the last quarter. Allen Investment Management LLC bought a new position in American Airlines Group during the first quarter worth about $958,000. Schwab Charles Investment Management Inc. boosted its position in American Airlines Group by 2.7% in the first quarter. Schwab Charles Investment Management Inc. now owns 1,536,508 shares of the airline’s stock worth $64,995,000 after buying an additional 41,109 shares in the last quarter. Finally, Gendell Jeffrey L boosted its position in American Airlines Group by 47.7% in the first quarter. Gendell Jeffrey L now owns 1,033,753 shares of the airline’s stock worth $43,728,000 after buying an additional 334,053 shares in the last quarter. Institutional investors own 80.63% of the company’s stock.

American Airlines Group, Inc. (NASDAQ AAL) opened at 53.87 on Tuesday. American Airlines Group, Inc. has a 52-week low of $33.00 and a 52-week high of $54.48. The firm has a market capitalization of $26.54 billion, a price-to-earnings ratio of 12.92 and a beta of 0.97. The company’s 50-day moving average is $48.29 and its 200-day moving average is $46.07.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, April 27th. The airline reported $0.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.04. American Airlines Group had a net margin of 5.47% and a return on equity of 81.88%. The company had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.62 billion. During the same period last year, the company earned $1.25 EPS. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. Equities analysts predict that American Airlines Group, Inc. will post $5.12 earnings per share for the current year.

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A number of research analysts have issued reports on the stock. Morgan Stanley reaffirmed an “equal weight” rating and issued a $54.00 price target (up previously from $53.00) on shares of American Airlines Group in a report on Monday. Citigroup Inc. raised their price target on shares of American Airlines Group from $58.00 to $67.00 and gave the stock a “buy” rating in a report on Thursday, July 13th. Sanford C. Bernstein reissued a “market perform” rating and set a $52.00 target price on shares of American Airlines Group in a report on Thursday, July 13th. BidaskClub raised shares of American Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. Finally, Atlantic Securities began coverage on shares of American Airlines Group in a report on Tuesday, June 20th. They set an “underweight” rating and a $56.00 target price for the company. Three research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $49.68.

In related news, VP Derek J. Kerr sold 104,223 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $50.00, for a total value of $5,211,150.00. Following the sale, the vice president now directly owns 591,195 shares of the company’s stock, valued at $29,559,750. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maya Leibman sold 23,857 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The shares were sold at an average price of $47.24, for a total transaction of $1,127,004.68. Following the completion of the transaction, the executive vice president now owns 182,178 shares in the company, valued at approximately $8,606,088.72. The disclosure for this sale can be found here. Insiders have sold a total of 161,480 shares of company stock worth $7,999,471 over the last ninety days. 0.69% of the stock is owned by corporate insiders.

American Airlines Group Company Profile

American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.

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

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