American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. lessened its holdings in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 24.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 76,601 shares of the airline's stock after selling 24,387 shares during the period. Cambridge Investment Research Advisors Inc.'s holdings in American Airlines Group were worth $808,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of AAL. Avantax Advisory Services Inc. boosted its stake in shares of American Airlines Group by 4.5% during the 4th quarter. Avantax Advisory Services Inc. now owns 14,751 shares of the airline's stock worth $257,000 after purchasing an additional 635 shares during the last quarter. M&T Bank Corp lifted its stake in shares of American Airlines Group by 2.4% during the fourth quarter. M&T Bank Corp now owns 34,525 shares of the airline's stock valued at $602,000 after buying an additional 794 shares during the period. Elequin Capital LP boosted its position in American Airlines Group by 208.5% during the fourth quarter. Elequin Capital LP now owns 1,749 shares of the airline's stock worth $30,000 after acquiring an additional 1,182 shares during the last quarter. Vident Advisory LLC grew its stake in American Airlines Group by 4.1% in the 4th quarter. Vident Advisory LLC now owns 31,411 shares of the airline's stock worth $547,000 after acquiring an additional 1,235 shares during the period. Finally, Quadrant Capital Group LLC grew its stake in American Airlines Group by 25.6% in the 4th quarter. Quadrant Capital Group LLC now owns 8,265 shares of the airline's stock worth $144,000 after acquiring an additional 1,683 shares during the period. 52.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on AAL shares. Barclays decreased their price objective on American Airlines Group from $16.00 to $11.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 8th. Jefferies Financial Group reissued a "hold" rating and issued a $12.00 price target (down from $20.00) on shares of American Airlines Group in a research note on Tuesday, April 1st. Wall Street Zen downgraded shares of American Airlines Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. Citigroup cut their price objective on shares of American Airlines Group from $21.50 to $20.00 and set a "buy" rating on the stock in a report on Tuesday, March 18th. Finally, Bank of America boosted their target price on shares of American Airlines Group from $10.00 to $12.00 and gave the company a "neutral" rating in a report on Tuesday, July 1st. One 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $15.68.

American Airlines Group Stock Performance

American Airlines Group stock opened at $11.69 on Monday. The firm has a market capitalization of $7.71 billion, a PE ratio of 12.99, a price-to-earnings-growth ratio of 1.61 and a beta of 1.36. American Airlines Group Inc. has a one year low of $8.50 and a one year high of $19.10. The stock's 50 day moving average price is $11.16 and its 200 day moving average price is $13.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last posted its earnings results on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, topping analysts' consensus estimates of ($0.69) by $0.10. The business had revenue of $12.55 billion for 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 business's revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.34) earnings per share. On average, analysts forecast that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal 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.

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