American Airlines Group Inc. (NASDAQ:AAL) Shares Acquired by Bayesian Capital Management LP

Bayesian Capital Management LP increased its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 132.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 86,600 shares of the airline’s stock after acquiring an additional 49,300 shares during the quarter. Bayesian Capital Management LP’s holdings in American Airlines Group were worth $1,509,000 as of its most recent filing with the SEC.

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

American Airlines Group Price Performance

AAL opened at $10.52 on Monday. The stock has a market capitalization of $6.94 billion, a PE ratio of 9.23, a P/E/G ratio of 0.21 and a beta of 1.31. American Airlines Group Inc. has a 12-month low of $8.50 and a 12-month high of $19.10. The firm’s fifty day moving average price is $10.92 and its 200 day moving average price is $14.17.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, April 24th. The airline reported ($0.59) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.10. The business had revenue of $12.55 billion for the quarter, compared to analyst estimates of $12.71 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.34) EPS. On average, equities research analysts forecast that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Redburn Partners upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and set a $24.00 price target on the stock in a report on Wednesday, February 26th. Jefferies Financial Group restated a “hold” rating and set a $12.00 price target (down from $20.00) on shares of American Airlines Group in a research note on Tuesday, April 1st. JPMorgan Chase & Co. cut their price objective on American Airlines Group from $30.00 to $26.00 and set an “overweight” rating on the stock in a report on Monday, March 3rd. Citigroup dropped their target price on shares of American Airlines Group from $21.50 to $20.00 and set a “buy” rating for the company in a research report on Tuesday, March 18th. Finally, Raymond James dropped their price objective on shares of American Airlines Group from $15.00 to $14.00 and set an “outperform” rating for the company in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, American Airlines Group currently has a consensus rating of “Moderate Buy” and a consensus price target of $16.25.

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.