44,785 Shares in American Airlines Group Inc. (NASDAQ:AAL) Bought by Bulltick Wealth Management LLC

Key Points

• Bulltick Wealth Management LLC acquired 44,785 shares of American Airlines Group (NASDAQ:AAL) in the first quarter, totaling approximately $472,000 in value.
• Multiple institutional investors are increasing their stakes, including HighTower Advisors LLC, which raised its holdings by 34.5% and now owns 45,334 shares valued at $478,000.
• American Airlines reported earnings of $0.95 EPS for the last quarter, exceeding analyst expectations, while its stock has a current market cap of $7.64 billion and a consensus rating of "Moderate Buy."

Bulltick Wealth Management LLC acquired a new stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 44,785 shares of the airline's stock, valued at approximately $472,000.

Other institutional investors also recently made changes to their positions in the company. Signaturefd LLC lifted its holdings in American Airlines Group by 10.0% during the first quarter. Signaturefd LLC now owns 11,289 shares of the airline's stock valued at $119,000 after purchasing an additional 1,030 shares in the last quarter. Elequin Capital LP lifted its holdings in American Airlines Group by 208.5% during the fourth quarter. Elequin Capital LP now owns 1,749 shares of the airline's stock valued at $30,000 after purchasing an additional 1,182 shares in the last quarter. Vident Advisory LLC lifted its holdings in American Airlines Group by 4.1% during the fourth quarter. Vident Advisory LLC now owns 31,411 shares of the airline's stock valued at $547,000 after purchasing an additional 1,235 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in American Airlines Group by 121.4% during the first quarter. Golden State Wealth Management LLC now owns 3,117 shares of the airline's stock valued at $33,000 after purchasing an additional 1,709 shares in the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in American Airlines Group by 0.6% during the fourth quarter. Treasurer of the State of North Carolina now owns 287,811 shares of the airline's stock valued at $5,017,000 after purchasing an additional 1,800 shares in the last quarter. Hedge funds and other institutional investors own 52.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on AAL shares. UBS Group upped their price target on shares of American Airlines Group from $9.00 to $12.00 and gave the company a "neutral" rating in a research note on Monday, July 7th. Raymond James Financial cut their price objective on shares of American Airlines Group from $15.00 to $14.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. TD Cowen boosted their price objective on shares of American Airlines Group to $13.00 and gave the company an "unchanged" rating in a research report on Friday, April 25th. Barclays upped their price target on shares of American Airlines Group from $11.00 to $12.00 and gave the stock an "equal weight" rating in a report on Thursday, July 10th. Finally, Sanford C. Bernstein increased their price target on shares of American Airlines Group from $12.00 to $15.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $16.76.

American Airlines Group Stock Down 2.2%

Shares of AAL stock traded down $0.29 during mid-day trading on Thursday, reaching $12.82. The stock had a trading volume of 58,244,345 shares, compared to its average volume of 57,035,512. The firm has a market cap of $8.46 billion, a PE ratio of 16.03, a P/E/G ratio of 2.95 and a beta of 1.43. American Airlines Group Inc. has a one year low of $8.50 and a one year high of $19.10. The firm's 50 day simple moving average is $11.64 and its 200 day simple moving average is $12.03.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its earnings results on Thursday, July 24th. The airline reported $0.95 EPS for the quarter, beating the consensus estimate of $0.79 by $0.16. The company had revenue of $14.39 billion during the quarter, compared to analysts' expectations of $14.27 billion. American Airlines Group had a negative return on equity of 24.55% and a net margin of 1.05%. The business's revenue for the quarter was up .4% on a year-over-year basis. During the same period last year, the firm earned $1.09 EPS. Sell-side analysts forecast that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.

American Airlines Group 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.