American Airlines Group Inc. (NASDAQ:AAL) Shares Acquired by U S Global Investors Inc.

U S Global Investors Inc. increased its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 8.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,181,246 shares of the airline's stock after buying an additional 576,612 shares during the period. American Airlines Group accounts for about 10.0% of U S Global Investors Inc.'s investment portfolio, making the stock its 3rd biggest holding. U S Global Investors Inc. owned approximately 1.09% of American Airlines Group worth $75,762,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Elequin Capital LP grew its position in shares of American Airlines Group by 208.5% during the 4th quarter. Elequin Capital LP now owns 1,749 shares of the airline's stock worth $30,000 after buying an additional 1,182 shares during the period. Golden State Wealth Management LLC boosted its stake in American Airlines Group by 121.4% during the 1st quarter. Golden State Wealth Management LLC now owns 3,117 shares of the airline's stock worth $33,000 after acquiring an additional 1,709 shares during the last quarter. Bernard Wealth Management Corp. acquired a new position in American Airlines Group during the fourth quarter valued at approximately $42,000. Harvest Fund Management Co. Ltd bought a new stake in American Airlines Group in the fourth quarter valued at approximately $45,000. Finally, Principal Securities Inc. raised its holdings in American Airlines Group by 139.6% in the fourth quarter. Principal Securities Inc. now owns 3,261 shares of the airline's stock worth $57,000 after purchasing an additional 1,900 shares during the period. 52.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently commented on AAL. JPMorgan Chase & Co. dropped their price objective on American Airlines Group from $30.00 to $26.00 and set an "overweight" rating on the stock in a research note on Monday, March 3rd. Sanford C. Bernstein increased their price target on American Airlines Group from $12.00 to $15.00 and gave the stock an "outperform" rating in a report on Tuesday, May 13th. Jefferies Financial Group reiterated a "hold" rating and set a $12.00 price objective (down previously from $20.00) on shares of American Airlines Group in a report on Tuesday, April 1st. Citigroup lowered their target price on American Airlines Group from $21.50 to $20.00 and set a "buy" rating for the company in a research note on Tuesday, March 18th. Finally, TD Cowen raised their target price on shares of American Airlines Group to $13.00 and gave the stock an "unchanged" rating in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $15.68.

American Airlines Group Stock Up 1.3%

Shares of NASDAQ AAL traded up $0.15 during trading hours on Friday, hitting $11.28. The company had a trading volume of 45,497,854 shares, compared to its average volume of 42,894,251. American Airlines Group Inc. has a 1-year low of $8.50 and a 1-year high of $19.10. The firm's 50 day moving average is $10.94 and its 200-day moving average is $13.33. The stock has a market capitalization of $7.44 billion, a P/E ratio of 12.53, a price-to-earnings-growth ratio of 1.25 and a beta of 1.39.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, beating analysts' consensus estimates of ($0.69) by $0.10. The firm had revenue of $12.55 billion during the quarter, compared to analysts' expectations of $12.71 billion. American Airlines Group had a net margin of 1.26% and a negative return on equity of 26.59%. The company's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter last year, the company posted ($0.34) earnings per share. On average, sell-side analysts predict that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

American Airlines Group Company 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.