Choreo LLC Purchases Shares of 10,300 American Airlines Group Inc. (NASDAQ:AAL)

Choreo LLC acquired a new stake in American Airlines Group Inc. (NASDAQ:AAL) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,300 shares of the airline’s stock, valued at approximately $142,000.

Other institutional investors also recently modified their holdings of the company. Empirical Finance LLC raised its holdings in American Airlines Group by 13.2% in the third quarter. Empirical Finance LLC now owns 21,159 shares of the airline’s stock worth $271,000 after purchasing an additional 2,462 shares in the last quarter. Oak Thistle LLC purchased a new stake in shares of American Airlines Group in the 4th quarter worth approximately $1,171,000. Assenagon Asset Management S.A. increased its position in American Airlines Group by 7,871.8% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,762,081 shares of the airline’s stock valued at $24,211,000 after buying an additional 1,739,977 shares in the last quarter. Compagnie Lombard Odier SCmA boosted its holdings in American Airlines Group by 15.2% in the fourth quarter. Compagnie Lombard Odier SCmA now owns 38,500 shares of the airline’s stock worth $529,000 after acquiring an additional 5,067 shares in the last quarter. Finally, International Assets Investment Management LLC grew its stake in shares of American Airlines Group by 1,291.7% in the fourth quarter. International Assets Investment Management LLC now owns 215,372 shares of the airline’s stock worth $29,590,000 after acquiring an additional 199,897 shares during the last quarter. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group Stock Performance

Shares of American Airlines Group stock opened at $13.85 on Friday. The stock has a market cap of $9.09 billion, a P/E ratio of 23.08, a P/E/G ratio of 0.20 and a beta of 1.57. The stock’s fifty day moving average is $14.34 and its 200 day moving average is $13.70. American Airlines Group Inc. has a one year low of $10.86 and a one year high of $19.08.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). The company had revenue of $12.57 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.05 earnings per share. Analysts predict that American Airlines Group Inc. will post 2.54 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts recently commented on AAL shares. Jefferies Financial Group raised shares of American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Thursday, January 11th. Wolfe Research upgraded shares of American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 price target on the stock in a report on Monday, January 22nd. Morgan Stanley restated an “overweight” rating and issued a $20.00 price objective on shares of American Airlines Group in a report on Tuesday, March 5th. UBS Group began coverage on American Airlines Group in a research note on Wednesday, March 20th. They set a “buy” rating and a $19.00 target price on the stock. Finally, JPMorgan Chase & Co. boosted their price target on American Airlines Group from $19.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, January 26th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $17.53.

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.