Slate Path Capital LP Has $249.96 Million Stock Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Slate Path Capital LP lessened its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 17.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 14,340,994 shares of the airline’s stock after selling 3,012,000 shares during the quarter. American Airlines Group comprises 4.6% of Slate Path Capital LP’s portfolio, making the stock its 6th biggest holding. Slate Path Capital LP owned 2.18% of American Airlines Group worth $249,964,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its position in shares of American Airlines Group by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 62,985,524 shares of the airline’s stock worth $1,097,838,000 after buying an additional 953,766 shares during the last quarter. Primecap Management Co. CA lifted its position in shares of American Airlines Group by 5.0% during the 4th quarter. Primecap Management Co. CA now owns 60,225,707 shares of the airline’s stock valued at $1,049,734,000 after buying an additional 2,886,041 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in American Airlines Group by 21.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 5,280,289 shares of the airline’s stock valued at $92,043,000 after acquiring an additional 943,336 shares during the period. Principal Financial Group Inc. raised its position in shares of American Airlines Group by 69.5% during the 4th quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline’s stock worth $44,892,000 after purchasing an additional 1,055,667 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of American Airlines Group during the fourth quarter valued at approximately $40,333,000. Institutional investors own 52.44% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Evercore ISI increased their price objective on shares of American Airlines Group to $18.00 and gave the stock a “hold” rating in a research report on Thursday, January 9th. Melius upgraded American Airlines Group from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research report on Monday, January 6th. Citigroup dropped their price objective on shares of American Airlines Group from $21.50 to $20.00 and set a “buy” rating on the stock in a research note on Tuesday, March 18th. Redburn Atlantic upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $18.00 to $24.00 in a research report on Wednesday, February 26th. Finally, Bank of America lowered their target price on shares of American Airlines Group from $16.00 to $12.00 and set a “neutral” rating on the stock in a research report on Thursday, April 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eleven have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $16.95.

American Airlines Group Trading Down 4.1 %

AAL stock opened at $9.07 on Tuesday. The business’s 50 day simple moving average is $11.98 and its 200 day simple moving average is $14.31. The firm has a market capitalization of $5.96 billion, a PE ratio of 7.96, a PEG ratio of 0.21 and a beta of 1.17. American Airlines Group Inc. has a 1-year low of $8.50 and a 1-year high of $19.10.

American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings data on Thursday, January 23rd. The airline reported $0.86 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.47. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. As a group, sell-side analysts predict that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

Insider Activity

In other American Airlines Group news, SVP Angela Owens sold 51,906 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was sold at an average price of $17.15, for a total transaction of $890,187.90. Following the completion of the sale, the senior vice president now directly owns 112,412 shares of the company’s stock, valued at approximately $1,927,865.80. The trade was a 31.59 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.49% of the company’s stock.

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.