Sigma Planning Corp Makes New $271,000 Investment in American Airlines Group Inc. (NASDAQ:AAL)

Sigma Planning Corp purchased a new position in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 25,728 shares of the airline's stock, valued at approximately $271,000.

A number of other institutional investors also recently made changes to their positions in the company. Signaturefd LLC boosted its holdings in shares of American Airlines Group by 10.0% during the first quarter. Signaturefd LLC now owns 11,289 shares of the airline's stock worth $119,000 after acquiring an additional 1,030 shares during the period. Louisiana State Employees Retirement System boosted its holdings in shares of American Airlines Group by 1.0% during the first quarter. Louisiana State Employees Retirement System now owns 184,200 shares of the airline's stock worth $1,943,000 after acquiring an additional 1,800 shares during the period. State of Michigan Retirement System boosted its holdings in shares of American Airlines Group by 1.2% during the first quarter. State of Michigan Retirement System now owns 157,400 shares of the airline's stock worth $1,661,000 after acquiring an additional 1,800 shares during the period. M&T Bank Corp boosted its holdings in shares of American Airlines Group by 18.0% during the first quarter. M&T Bank Corp now owns 40,729 shares of the airline's stock worth $429,000 after acquiring an additional 6,204 shares during the period. Finally, Gibraltar Capital Management Inc. bought a new stake in shares of American Airlines Group during the first quarter worth approximately $1,336,000. Institutional investors own 52.44% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on AAL shares. TD Cowen boosted their price objective on American Airlines Group to $13.00 and gave the stock an "unchanged" rating in a report on Friday, April 25th. Raymond James Financial cut their price target 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. The Goldman Sachs Group cut American Airlines Group from a "neutral" rating to a "sell" rating and cut their price target for the company from $16.00 to $8.00 in a research note on Tuesday, April 8th. Bank of America boosted their price target on American Airlines Group from $10.00 to $12.00 and gave the company a "neutral" rating in a research note on Tuesday, July 1st. Finally, Barclays boosted their price target on American Airlines Group from $11.00 to $12.00 and gave the company an "equal weight" rating in a research note on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $15.89.

American Airlines Group Price Performance

NASDAQ AAL opened at $12.51 on Monday. The business has a fifty day moving average price of $11.51 and a two-hundred day moving average price of $12.74. 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 market capitalization of $8.25 billion, a PE ratio of 13.90, a PEG ratio of 1.85 and a beta of 1.36.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The airline reported ($0.59) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $0.10. The company had revenue of $12.55 billion during the quarter, compared to the consensus estimate of $12.71 billion. American Airlines Group had a net margin of 1.26% and a negative return on equity of 26.59%. The company's revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.34) earnings per share. As a group, sell-side analysts expect that American Airlines Group Inc. will post 2.42 earnings per share for the current 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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