American Airlines Group Inc. (NASDAQ:AAL) Shares Purchased by AE Wealth Management LLC

AE Wealth Management LLC boosted its stake in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 34.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 88,362 shares of the airline's stock after buying an additional 22,501 shares during the period. AE Wealth Management LLC's holdings in American Airlines Group were worth $932,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. KLP Kapitalforvaltning AS purchased a new stake in American Airlines Group during the fourth quarter worth about $608,000. Prudential Financial Inc. increased its stake in American Airlines Group by 28.1% during the fourth quarter. Prudential Financial Inc. now owns 202,575 shares of the airline's stock worth $3,531,000 after purchasing an additional 44,462 shares during the period. Norges Bank purchased a new stake in American Airlines Group during the fourth quarter worth about $20,696,000. New Age Alpha Advisors LLC purchased a new stake in American Airlines Group during the fourth quarter worth about $1,177,000. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in American Airlines Group during the fourth quarter worth about $40,333,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

American Airlines Group Stock Down 3.5%

Shares of AAL traded down $0.41 during trading hours on Friday, reaching $11.09. 37,347,640 shares of the company traded hands, compared to its average volume of 56,348,648. The stock has a market capitalization of $7.31 billion, a PE ratio of 13.84, a price-to-earnings-growth ratio of 2.61 and a beta of 1.36. American Airlines Group Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $19.10. The stock has a fifty day simple moving average of $11.53 and a 200 day simple moving average of $12.45.

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

Analyst Ratings Changes

A number of brokerages have recently commented on AAL. Sanford C. Bernstein boosted their price objective on American Airlines Group from $12.00 to $15.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. The Goldman Sachs Group downgraded American Airlines Group from a "neutral" rating to a "sell" rating and lowered their price target for the company from $16.00 to $8.00 in a report on Tuesday, April 8th. UBS Group upped their price target on American Airlines Group from $9.00 to $12.00 and gave the company a "neutral" rating in a report on Monday, July 7th. Raymond James Financial lowered their price target on American Airlines Group from $15.00 to $14.00 and set an "outperform" rating for the company in a report on Friday, April 25th. Finally, Susquehanna lowered their price target on American Airlines Group from $18.00 to $10.00 and set a "neutral" rating for the company in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $16.76.

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.