Palisade Capital Management LLC NJ decreased its stake in American Airlines Group Inc. (NASDAQ:AAL – Get Rating) by 14.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,000 shares of the airline's stock after selling 2,000 shares during the period. Palisade Capital Management LLC NJ's holdings in American Airlines Group were worth $219,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. CENTRAL TRUST Co raised its stake in American Airlines Group by 6,685.7% during the 1st quarter. CENTRAL TRUST Co now owns 1,425 shares of the airline's stock valued at $26,000 after acquiring an additional 1,404 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. bought a new stake in American Airlines Group during the 4th quarter valued at $27,000. Private Capital Group LLC raised its stake in American Airlines Group by 207.4% during the 1st quarter. Private Capital Group LLC now owns 1,534 shares of the airline's stock valued at $28,000 after acquiring an additional 1,035 shares in the last quarter. Steward Financial Group LLC bought a new stake in American Airlines Group during the 4th quarter valued at $32,000. Finally, Odey Asset Management Group Ltd bought a new stake in American Airlines Group during the 4th quarter valued at $46,000. Institutional investors own 53.70% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on AAL shares. Deutsche Bank Aktiengesellschaft lifted their price target on American Airlines Group from $23.00 to $25.00 and gave the company a "buy" rating in a research report on Friday, April 22nd. Argus cut American Airlines Group from a "buy" rating to a "hold" rating in a research report on Friday, July 8th. Jefferies Financial Group reiterated a "hold" rating and set a $20.00 price target on shares of American Airlines Group in a research report on Monday, June 27th. Susquehanna Bancshares lowered their price target on American Airlines Group from $19.00 to $15.00 and set a "neutral" rating on the stock in a research report on Tuesday, July 12th. Finally, JPMorgan Chase & Co. upgraded American Airlines Group from an "underweight" rating to a "neutral" rating and lifted their price target for the company from $18.00 to $26.00 in a research report on Friday, April 22nd. Two research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, American Airlines Group presently has an average rating of "Hold" and a consensus price target of $18.56.

American Airlines Group Stock Down 0.8 %

American Airlines Group (NASDAQ:AAL – Get Rating) last announced its quarterly earnings results on Thursday, July 21st. The airline reported $0.76 earnings per share for the quarter, topping analysts' consensus estimates of $0.70 by $0.06. The company had revenue of $13.42 billion during the quarter, compared to analyst estimates of $13.40 billion. During the same period in the prior year, the firm earned ($1.69) EPS. American Airlines Group's quarterly revenue was up 79.5% on a year-over-year basis. On average, equities analysts predict that American Airlines Group Inc. will post -0.94 EPS for the current fiscal year.

American Airlines Group Company Profile

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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, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

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