Polar Asset Management Partners Inc. Purchases Shares of 459,522 American Airlines Group Inc. (NASDAQ:AAL)

Polar Asset Management Partners Inc. purchased a new stake in American Airlines Group Inc. (NASDAQ:AAL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 459,522 shares of the airline’s stock, valued at approximately $8,009,000. Polar Asset Management Partners Inc. owned 0.07% of American Airlines Group as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. 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 increased its position in shares of American Airlines Group by 133.1% during the fourth 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 period. Bfsg LLC increased its position in shares of American Airlines Group by 269.3% during the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline’s stock worth $36,000 after buying an additional 1,500 shares during the period. Bernard Wealth Management Corp. acquired a new stake in shares of American Airlines Group during the fourth quarter worth $42,000. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of American Airlines Group during the fourth quarter worth $45,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Stock Performance

American Airlines Group stock opened at $11.76 on Friday. American Airlines Group Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $19.10. The stock has a market cap of $7.76 billion, a PE ratio of 10.32, a price-to-earnings-growth ratio of 0.21 and a beta of 1.31. The firm’s 50-day simple moving average is $10.46 and its 200 day simple moving average is $14.04.

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. TD Cowen increased their price objective on shares of American Airlines Group to $13.00 and gave the stock an “unchanged” rating in a research report on Friday, April 25th. JPMorgan Chase & Co. reduced their price target on shares of American Airlines Group from $30.00 to $26.00 and set an “overweight” rating for the company in a report on Monday, March 3rd. UBS Group reduced their price target on shares of American Airlines Group from $13.00 to $9.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Sanford C. Bernstein raised their price target on shares of American Airlines Group from $12.00 to $15.00 and gave the stock an “outperform” rating in a report on Tuesday. Finally, The Goldman Sachs Group cut shares of American Airlines Group from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $16.00 to $8.00 in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $15.68.

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.