Friedenthal Financial Cuts Position in American Airlines Group Inc. (NASDAQ:AAL)

Friedenthal Financial reduced its stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 91.2% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 4,242 shares of the airline's stock after selling 44,113 shares during the period. Friedenthal Financial's holdings in American Airlines Group were worth $45,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in AAL. Principal Securities Inc. grew its position in shares of American Airlines Group by 139.6% during the 4th quarter. Principal Securities Inc. now owns 3,261 shares of the airline's stock valued at $57,000 after acquiring an additional 1,900 shares during the period. Allworth Financial LP grew its position in shares of American Airlines Group by 5.0% during the 4th quarter. Allworth Financial LP now owns 48,085 shares of the airline's stock valued at $897,000 after acquiring an additional 2,289 shares during the period. Principal Financial Group Inc. grew its position in shares of American Airlines Group by 69.5% during the 4th quarter. Principal Financial Group Inc. now owns 2,575,571 shares of the airline's stock valued at $44,892,000 after acquiring an additional 1,055,667 shares during the period. CIBC Asset Management Inc grew its position in shares of American Airlines Group by 5.2% during the 4th quarter. CIBC Asset Management Inc now owns 19,987 shares of the airline's stock valued at $348,000 after acquiring an additional 981 shares during the period. Finally, Bfsg LLC grew its position in shares of American Airlines Group by 269.3% during the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline's stock valued at $36,000 after acquiring an additional 1,500 shares during the period. 52.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AAL shares. Bank of America lowered their price objective on American Airlines Group from $16.00 to $12.00 and set a "neutral" rating on the stock in a report on Thursday, April 3rd. Raymond James Financial lowered their price objective on American Airlines Group from $15.00 to $14.00 and set an "outperform" rating on the stock in a report on Friday, April 25th. UBS Group lowered their price objective on American Airlines Group from $13.00 to $9.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. The Goldman Sachs Group cut American Airlines Group from a "neutral" rating to a "sell" rating and lowered their price objective for the stock from $16.00 to $8.00 in a report on Tuesday, April 8th. Finally, Susquehanna lowered their price objective on American Airlines Group from $18.00 to $10.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. One research analyst has rated the stock with a sell rating, eight have issued 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, the company presently has a consensus rating of "Moderate Buy" and an average price target of $15.68.

American Airlines Group Stock Up 2.6%

Shares of American Airlines Group stock traded up $0.28 on Monday, hitting $10.90. 78,866,059 shares of the company were exchanged, compared to its average volume of 42,595,535. The stock has a market capitalization of $7.19 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 1.20 and a beta of 1.39. The company has a 50-day moving average price of $10.81 and a 200 day moving average price of $13.45. American Airlines Group Inc. has a 1-year low of $8.50 and a 1-year high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, beating the consensus estimate of ($0.69) by $0.10. The firm had revenue of $12.55 billion for the quarter, compared to analyst estimates 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 quarter in the previous year, the company earned ($0.34) EPS. Research analysts forecast that American Airlines Group Inc. will post 2.42 EPS for the current year.

About American Airlines Group

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.