Published on 25 Oct 2021 on Insider Monkey via Yahoo Finance

Is American Airlines Group Inc (AAL) A Good Stock To Buy?

The 800+ hedge funds and famous money managers tracked by Insider Monkey have already compiled and submitted their 13F filings for the second quarter, which unveil their equity positions as of June 30th. We went through these filings, fixed typos and other more significant errors and identified the changes in hedge fund portfolios. Our extensive review of these public filings is finally over, so this article is set to reveal the smart money sentiment towards American Airlines Group Inc (NASDAQ:AAL).

Is AAL aa good stock to buy? Investors who are in the know were becoming less confident. The number of bullish hedge fund positions fell by 7 recently. American Airlines Group Inc (NASDAQ:AAL) was in 25 hedge funds' portfolios at the end of June. The all time high for this statistic is 77. Our calculations also showed that AAL isn't among the 30 most popular stocks among hedge funds (click for Q2 rankings).

According to most stock holders, hedge funds are seen as underperforming, old investment tools of the past. While there are over 8000 funds with their doors open at the moment, We look at the upper echelon of this group, around 850 funds. Most estimates calculate that this group of people preside over the lion's share of all hedge funds' total capital, and by tracking their unrivaled investments, Insider Monkey has spotted a number of investment strategies that have historically beaten the broader indices. Insider Monkey's flagship short hedge fund strategy outstripped the S&P 500 short ETFs by around 20 percentage points per annum since its inception in March 2017. Also, our monthly newsletter's portfolio of long stock picks returned 185.4% since March 2017 (through August 2021) and beat the S&P 500 Index by more than 79 percentage points. You can download a sample issue of this newsletter on our website.