Rakuten Securities Inc. Invests $328,000 in American Airlines Group Inc. (NASDAQ:AAL)

Rakuten Securities Inc. acquired a new position in American Airlines Group Inc. (NASDAQ:AAL) in the 4th quarter, Holdings Channel.com reports. The firm acquired 23,853 shares of the airline’s stock, valued at approximately $328,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of AAL. Jupiter Asset Management Ltd. bought a new position in American Airlines Group in the 3rd quarter worth $59,411,000. Invesco Ltd. boosted its holdings in American Airlines Group by 28.3% in the 3rd quarter. Invesco Ltd. now owns 12,119,358 shares of the airline’s stock worth $155,249,000 after buying an additional 2,672,793 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of American Airlines Group by 502.0% during the 1st quarter. The Manufacturers Life Insurance Company now owns 2,986,179 shares of the airline’s stock valued at $54,498,000 after purchasing an additional 2,490,121 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of American Airlines Group during the 1st quarter valued at about $44,800,000. Finally, Qube Research & Technologies Ltd bought a new position in shares of American Airlines Group during the 3rd quarter valued at about $28,867,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group Stock Up 4.4 %

American Airlines Group stock traded up $0.57 during midday trading on Wednesday, reaching $13.60. The stock had a trading volume of 25,001,966 shares, compared to its average volume of 33,870,777. American Airlines Group Inc. has a 52-week low of $10.86 and a 52-week high of $19.08. The firm has a market cap of $8.90 billion, a price-to-earnings ratio of 12.26, a price-to-earnings-growth ratio of 0.11 and a beta of 1.57. The company has a fifty day moving average of $14.62 and a 200 day moving average of $13.56.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, January 25th. The airline reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.18. American Airlines Group had a net margin of 1.56% and a negative return on equity of 36.28%. The company had revenue of $13.06 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same period in the prior year, the company posted $1.17 EPS. The firm’s revenue for the quarter was down 1.0% on a year-over-year basis. Equities research analysts predict that American Airlines Group Inc. will post 2.45 EPS for the current year.

Wall Street Analysts Forecast Growth

AAL has been the subject of several research reports. UBS Group initiated coverage on shares of American Airlines Group in a report on Wednesday, March 20th. They set a “buy” rating and a $19.00 price objective for the company. Barclays increased their price objective on shares of American Airlines Group from $13.00 to $14.00 and gave the company an “underweight” rating in a report on Friday, January 26th. JPMorgan Chase & Co. increased their price objective on shares of American Airlines Group from $19.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, January 26th. Wolfe Research raised shares of American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 price target for the company in a report on Monday, January 22nd. Finally, Evercore ISI reaffirmed a “hold” rating and issued a $17.00 price target on shares of American Airlines Group in a report on Monday, January 29th. Two research analysts have rated the stock with a sell rating, six have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price 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.