5 Most Undervalued Industrial Stocks To Buy According To Hedge Funds

3. American Airlines Group Inc. (NASDAQ:AAL)

Number of Hedge Fund Investors In Q3 2023: 33

Latest P/E Ratio: 5.07

American Airlines Group Inc. (NASDAQ:AAL) is one of the largest U.S. based airlines with close to a thousand aircraft in its fleet. A resurgence in global travel coupled with high prices has helped the firm on the financial front as it has beaten analyst EPS estimates in three out of its four latest quarters.

Insider Monkey scoured through 910 hedge fund portfolios for this year’s third quarter and found 33 American Airlines Group Inc. (NASDAQ:AAL) investors. Jim Simons’ Renaissance Technologies owned the largest stake which came through 22.4 million shares that were worth $287 million.

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