71,918 American Airlines Group Inc. $AAL Shares Purchased by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP increased its stake in American Airlines Group Inc. (NASDAQ:AAL) by 505.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 86,154 shares of the airline’s stock after purchasing an additional 71,918 shares during the quarter. Fulcrum Asset Management LLP’s holdings in American Airlines Group were worth $1,173,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of AAL. Primecap Management Co. CA bought a new stake in American Airlines Group during the second quarter valued at about $1,278,144,000. BlackRock Inc. purchased a new position in shares of American Airlines Group during the 2nd quarter valued at about $1,144,739,000. Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of American Airlines Group during the 2nd quarter valued at about $119,628,000. Renaissance Technologies LLC grew its stake in shares of American Airlines Group by 569.4% during the 1st quarter. Renaissance Technologies LLC now owns 9,687,232 shares of the airline’s stock valued at $104,041,000 after acquiring an additional 8,240,100 shares during the period. Finally, U S Global Investors Inc. grew its stake in shares of American Airlines Group by 13.1% during the 3rd quarter. U S Global Investors Inc. now owns 6,787,455 shares of the airline’s stock valued at $90,748,000 after acquiring an additional 786,283 shares during the period. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Barclays reduced their target price on shares of American Airlines Group from $19.00 to $14.00 and set an “equal weight” rating for the company in a report on Friday, September 11th. JPMorgan Chase & Co. upped their price target on shares of American Airlines Group from $22.00 to $24.00 and gave the stock an “overweight” rating in a research report on Friday, July 24th. Sanford C. Bernstein set a $19.00 price objective on shares of American Airlines Group in a research note on Tuesday, October 20th. Zacks Research downgraded shares of American Airlines Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. Finally, TD Cowen lowered their target price on shares of American Airlines Group from $16.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, October 2nd. Nine research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $17.28.

American Airlines Group Trading Down 0.1%

NASDAQ AAL opened at $14.10 on Thursday. American Airlines Group Inc. has a 12 month low of $10.09 and a 12 month high of $18.79. The stock’s 50 day moving average is $12.93 and its 200 day moving average is $13.50. The stock has a market cap of $9.34 billion, a PE ratio of -19.31 and a beta of 1.45.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, October 22nd. The airline reported ($0.28) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.36) by $0.08. American Airlines Group had a negative net margin of 0.79% and a negative return on equity of 9.11%. The firm had revenue of $16.34 billion for the quarter, compared to analysts’ expectations of $16.21 billion. During the same quarter last year, the business posted ($0.17) earnings per share. The company’s revenue for the quarter was up 19.3% compared to the same quarter last year. On average, analysts forecast that American Airlines Group Inc. will post -1.32 EPS for the current fiscal year.

About American Airlines Group

American Airlines Group Inc. is a holding company whose principal business is operating a global airline through American Airlines and its regional partners. The company provides scheduled passenger and cargo air transportation, along with related services such as loyalty programs and travel offerings. Its network connects destinations across the United States and serves markets in the Caribbean, Latin America, Europe and the Asia-Pacific region. Regional flights are operated under the American Eagle brand by affiliated carriers.