American Airlines Group Inc (AAL): Are Hedge Funds Right About This Stock?

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Let’s now take a look at hedge fund activity in other stocks similar to American Airlines Group Inc (NASDAQ:AAL). These stocks are McGraw Hill Financial Inc (NYSE:MHFI), PPG Industries, Inc. (NYSE:PPG), Mylan Inc. (NASDAQ:MYL), and V.F. Corporation (NYSE:VFC). This group of stocks’ market caps are closest to AAL’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
MHFI 47 2779826 -9
PPG 43 1558582 -8
MYL 60 3274086 -14
VFC 13 499788 -21

As you can see these stocks had an average of 41 hedge funds with bullish positions and the average amount invested in these stocks was $2.03 billion. That figure was $2.10 billion in AAL’s case. Mylan Inc. (NASDAQ:MYL) is the most popular stock in this table. On the other hand V.F. Corporation (NYSE:VFC) is the least popular one with only 13 bullish hedge fund positions. Compared to these stocks American Airlines Group Inc (NASDAQ:AAL) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers and that it may finally be poised for a breakout, it may be a good idea to analyze it in detail and potentially include it in your portfolio.

Disclosure: None

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