Signature Resources Capital Management LLC Acquires New Stake in American Airlines Group Inc. (NASDAQ:AAL)

Signature Resources Capital Management LLC bought a new position in American Airlines Group Inc. (NASDAQ:AAL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 6,705 shares of the airline’s stock, valued at approximately $92,000.

A number of other large investors have also bought and sold shares of AAL. Gables Capital Management Inc. increased its stake in shares of American Airlines Group by 100.0% in the third quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock worth $26,000 after purchasing an additional 1,000 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new position in American Airlines Group in the 3rd quarter valued at approximately $33,000. GAMMA Investing LLC purchased a new position in American Airlines Group in the 4th quarter valued at approximately $38,000. Baystate Wealth Management LLC lifted its position in shares of American Airlines Group by 267.1% during the fourth quarter. Baystate Wealth Management LLC now owns 3,924 shares of the airline’s stock worth $54,000 after acquiring an additional 2,855 shares in the last quarter. Finally, Cullen Frost Bankers Inc. lifted its position in shares of American Airlines Group by 238.1% during the third quarter. Cullen Frost Bankers Inc. now owns 4,260 shares of the airline’s stock worth $55,000 after acquiring an additional 3,000 shares in the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AAL has been the topic of a number of analyst reports. Sanford C. Bernstein boosted their price objective on American Airlines Group from $20.00 to $21.00 and gave the company an “outperform” rating in a research note on Tuesday, March 5th. Citigroup reiterated a “buy” rating and set a $20.00 price target on shares of American Airlines Group in a research report on Thursday, March 14th. Seaport Res Ptn upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating in a research report on Friday, January 26th. Barclays upped their target price on shares of American Airlines Group from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Friday, January 26th. Finally, UBS Group started coverage on shares of American Airlines Group in a report on Wednesday, March 20th. They issued a “buy” rating and a $19.00 price target for the company. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $17.53.

American Airlines Group Stock Down 0.1 %

Shares of American Airlines Group stock traded down $0.01 during trading on Friday, hitting $13.85. 22,056,624 shares of the stock traded hands, compared to its average volume of 33,965,764. The stock has a market cap of $9.09 billion, a price-to-earnings ratio of 23.08, a PEG ratio of 0.20 and a beta of 1.57. American Airlines Group Inc. has a 52 week low of $10.86 and a 52 week high of $19.08. The firm’s fifty day moving average is $14.34 and its 200-day moving average is $13.70.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, April 25th. The airline reported ($0.34) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). The business had revenue of $12.57 billion for the quarter, compared to the consensus estimate of $12.60 billion. American Airlines Group had a net margin of 0.94% and a negative return on equity of 31.65%. The firm’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.05 earnings per share. On average, analysts forecast that American Airlines Group Inc. will post 2.54 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.