Arkadios Wealth Advisors Takes Position in American Airlines Group Inc. (NASDAQ:AAL)

Key Points

• Arkadios Wealth Advisors purchased 31,199 shares of American Airlines Group, valued at approximately $329,000, indicating growing interest from institutional investors.
• Analysts have mixed forecasts for American Airlines, with target prices varying from $8.00 to $16.76 and a consensus rating of "Moderate Buy".
• American Airlines reported a quarterly EPS of $0.95, surpassing estimates and showing a slight revenue increase, reflecting resilience amid a challenging market.

Arkadios Wealth Advisors purchased a new position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 31,199 shares of the airline's stock, valued at approximately $329,000.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Elequin Capital LP lifted 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 buying an additional 1,182 shares during the period. Bogart Wealth LLC boosted its position in shares of American Airlines Group by 1,300.0% in the first quarter. Bogart Wealth LLC now owns 2,800 shares of the airline's stock worth $30,000 after acquiring an additional 2,600 shares during the last quarter. Assetmark Inc. purchased a new stake in American Airlines Group in the first quarter valued at approximately $30,000. Golden State Wealth Management LLC increased its position 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 worth $33,000 after purchasing an additional 1,709 shares during the last quarter. Finally, Bernard Wealth Management Corp. acquired a new position in American Airlines Group during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 52.44% of the company's stock.

American Airlines Group Price Performance

Shares of AAL stock traded down $0.01 on Thursday, hitting $11.73. 47,067,315 shares of the stock traded hands, compared to its average volume of 75,464,344. The company's fifty day moving average is $11.54 and its 200 day moving average is $12.21. American Airlines Group Inc. has a 1-year low of $8.50 and a 1-year high of $19.10. The company has a market capitalization of $7.74 billion, a PE ratio of 7.72, a PEG ratio of 2.67 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its earnings results on Thursday, July 24th. The airline reported $0.95 EPS for the quarter, beating analysts' consensus estimates of $0.79 by $0.16. The company had revenue of $14.39 billion during the quarter, compared to the consensus estimate of $14.27 billion. American Airlines Group had a negative return on equity of 24.55% and a net margin of 1.05%. American Airlines Group's quarterly revenue was up .4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.09 earnings per share. As a group, equities research analysts expect that American Airlines Group Inc. will post 2.42 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently issued reports on AAL shares. Raymond James Financial lowered their price objective on shares of American Airlines Group from $15.00 to $14.00 and set an "outperform" rating for the company in a research note on Friday, April 25th. UBS Group upped their price target on American Airlines Group from $9.00 to $12.00 and gave the stock a "neutral" rating in a research note on Monday, July 7th. TD Cowen lifted their price objective on American Airlines Group to $13.00 and gave the company an "unchanged" rating in a research note on Friday, April 25th. Bank of America raised their price target 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. Finally, Sanford C. Bernstein boosted their price objective on shares of American Airlines Group from $12.00 to $15.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 13th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $16.76.

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.