American Airlines Group Inc. (NASDAQ:AAL) Shares Bought by Maverick Capital Ltd.

Maverick Capital Ltd. boosted its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 24.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 241,572 shares of the airline’s stock after buying an additional 47,718 shares during the quarter. Maverick Capital Ltd.’s holdings in American Airlines Group were worth $2,715,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Blue Trust Inc. increased its position in shares of American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock valued at $29,000 after purchasing an additional 911 shares during the last quarter. UMB Bank n.a. increased its position in shares of American Airlines Group by 404.3% in the 2nd quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after purchasing an additional 2,264 shares during the last quarter. ORG Partners LLC purchased a new stake in shares of American Airlines Group in the 2nd quarter valued at approximately $36,000. Sentry Investment Management LLC purchased a new stake in shares of American Airlines Group in the 2nd quarter valued at approximately $36,000. Finally, First Command Advisory Services Inc. purchased a new stake in shares of American Airlines Group in the 2nd quarter valued at approximately $43,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on AAL shares. Redburn Atlantic raised shares of American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. Evercore ISI increased their price objective on shares of American Airlines Group from $10.00 to $12.00 and gave the company an “in-line” rating in a research report on Thursday, October 3rd. Barclays raised shares of American Airlines Group from an “underweight” rating to an “equal weight” rating and increased their price objective for the company from $10.00 to $16.00 in a research report on Thursday, November 14th. BNP Paribas raised shares of American Airlines Group to a “hold” rating in a research report on Thursday, September 19th. Finally, Jefferies Financial Group increased their target price on shares of American Airlines Group from $10.00 to $11.00 and gave the company a “hold” rating in a research report on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $13.93.

American Airlines Group Price Performance

Shares of NASDAQ:AAL opened at $14.52 on Friday. The stock has a market cap of $9.54 billion, a P/E ratio of 44.00, a P/E/G ratio of 0.26 and a beta of 1.39. The firm has a fifty day moving average price of $12.99 and a 200 day moving average price of $11.80. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $16.15.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, topping the consensus estimate of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The company had revenue of $13.65 billion during the quarter, compared to analysts’ expectations of $13.50 billion. During the same quarter last year, the business earned $0.38 EPS. The business’s revenue was up 1.2% on a year-over-year basis. Sell-side analysts expect that American Airlines Group Inc. will post 1.49 EPS 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.