Cetera Investment Advisers Has $2.06 Million Stake in American Airlines Group Inc. (NASDAQ:AAL)

Cetera Investment Advisers cut its position in American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 21.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 118,093 shares of the airline's stock after selling 32,282 shares during the period. Cetera Investment Advisers' holdings in American Airlines Group were worth $2,058,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC acquired a new position in American Airlines Group during the fourth quarter worth $25,000. Brooklyn Investment Group raised its holdings in shares of American Airlines Group by 133.1% in the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock valued at $28,000 after buying an additional 909 shares during the period. Bfsg LLC increased its holdings in American Airlines Group by 269.3% during the 4th quarter. Bfsg LLC now owns 2,057 shares of the airline's stock worth $36,000 after purchasing an additional 1,500 shares during the period. Bernard Wealth Management Corp. purchased a new stake in American Airlines Group during the 4th quarter worth about $42,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in American Airlines Group during the 4th quarter worth about $45,000. 52.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on AAL shares. Sanford C. Bernstein upped their target price on American Airlines Group from $12.00 to $15.00 and gave the company an "outperform" rating in a research report on Tuesday, May 13th. TD Cowen increased their target price on American Airlines Group to $13.00 and gave the stock an "unchanged" rating in a research note on Friday, April 25th. Citigroup cut 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. Raymond James dropped their price objective on 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. Finally, Barclays dropped their price objective on American Airlines Group from $16.00 to $11.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 8th. One investment 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 company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $15.68.

American Airlines Group Price Performance

Shares of NASDAQ:AAL traded down $0.21 on Friday, reaching $11.19. 46,732,529 shares of the company traded hands, compared to its average volume of 41,451,872. American Airlines Group Inc. has a fifty-two week low of $8.50 and a fifty-two week high of $19.10. The company's 50 day moving average is $10.52 and its 200-day moving average is $13.97. The stock has a market capitalization of $7.38 billion, a PE ratio of 9.82, a P/E/G ratio of 0.21 and a beta of 1.31.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, beating analysts' consensus estimates of ($0.69) by $0.10. American Airlines Group had a negative return on equity of 28.56% and a net margin of 1.56%. The company had revenue of $12.55 billion during the quarter, compared to the consensus estimate of $12.71 billion. During the same quarter in the prior year, the firm earned ($0.34) EPS. The company's quarterly revenue was down .2% compared to the same quarter last year. As a group, analysts expect 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.