Sagefield Capital LP Acquires New Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Sagefield Capital LP bought a new position in shares of American Airlines Group Inc. (NASDAQ:AAL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 130,943 shares of the airline’s stock, valued at approximately $2,282,000.

Other hedge funds have also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in American Airlines Group in the 4th quarter worth about $25,000. Brooklyn Investment Group lifted its holdings in shares of American Airlines Group by 133.1% during the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline’s stock valued at $28,000 after buying an additional 909 shares during the last quarter. Bfsg LLC lifted its holdings in American Airlines Group by 269.3% in the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock worth $36,000 after purchasing an additional 1,500 shares during the last quarter. Bernard Wealth Management Corp. acquired a new stake in American Airlines Group in the 4th quarter worth approximately $42,000. Finally, Harvest Fund Management Co. Ltd bought a new position in American Airlines Group in the 4th quarter worth approximately $45,000. 52.44% of the stock is owned by institutional investors and hedge funds.

American Airlines Group Price Performance

Shares of NASDAQ:AAL opened at $11.86 on Friday. The company’s fifty day moving average price is $10.47 and its 200 day moving average price is $14.03. American Airlines Group Inc. has a 12 month low of $8.50 and a 12 month high of $19.10. The firm has a market capitalization of $7.82 billion, a P/E ratio of 10.40, a P/E/G ratio of 0.21 and a beta of 1.31.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, April 24th. The airline reported ($0.59) earnings per share for the quarter, beating the consensus estimate of ($0.69) by $0.10. The business had revenue of $12.55 billion for the quarter, compared to the consensus estimate of $12.71 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.34) earnings per share. On average, sell-side analysts anticipate that American Airlines Group Inc. will post 2.42 EPS for the current year.

Analyst Upgrades and Downgrades

AAL has been the topic of a number of analyst reports. StockNews.com cut American Airlines Group from a “buy” rating to a “hold” rating in a research report on Thursday, March 13th. Redburn Atlantic upgraded American Airlines Group from a “neutral” rating to a “buy” rating and raised their target price for the stock from $18.00 to $24.00 in a report on Wednesday, February 26th. Citigroup reduced their target price on American Airlines Group from $21.50 to $20.00 and set a “buy” rating on the stock in a report on Tuesday, March 18th. TD Cowen raised their price target on American Airlines Group to $13.00 and gave the stock an “unchanged” rating in a research report on Friday, April 25th. Finally, Sanford C. Bernstein lifted their target price on American Airlines Group from $12.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, American Airlines Group has an average rating of “Moderate Buy” and an average target price of $15.68.

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.