Vanguard Group Inc. Purchases 639,760 Shares of American Airlines Group Inc. $AAL

Vanguard Group Inc. lifted its stake in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 1.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 63,625,284 shares of the airline's stock after buying an additional 639,760 shares during the period. Vanguard Group Inc. owned about 9.65% of American Airlines Group worth $671,247,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Elequin Capital LP grew 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 valued at $30,000 after buying an additional 1,182 shares during the period. Bogart Wealth LLC boosted its stake in American Airlines Group by 1,300.0% in the first quarter. Bogart Wealth LLC now owns 2,800 shares of the airline's stock valued at $30,000 after acquiring an additional 2,600 shares during the last quarter. Assetmark Inc. bought a new position in shares of American Airlines Group during the 1st quarter valued at approximately $30,000. Golden State Wealth Management LLC increased its stake in shares of American Airlines Group by 121.4% during the 1st 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. purchased a new stake in shares of American Airlines Group during the 4th quarter worth approximately $42,000. 52.44% of the stock is owned by hedge funds and other institutional investors.

American Airlines Group Stock Performance

AAL traded up $0.10 during midday trading on Monday, hitting $13.27. The stock had a trading volume of 20,708,646 shares, compared to its average volume of 56,745,563. The company has a market cap of $8.75 billion, a P/E ratio of 16.56, a price-to-earnings-growth ratio of 3.00 and a beta of 1.43. American Airlines Group Inc. has a 1 year low of $8.50 and a 1 year high of $19.10. The business has a fifty day moving average of $11.67 and a 200 day moving average of $11.93.

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

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on AAL shares. Sanford C. Bernstein increased their price objective on American Airlines Group from $12.00 to $15.00 and gave the company an "outperform" rating in a report on Tuesday, May 13th. UBS Group lifted their price objective on American Airlines Group from $9.00 to $12.00 and gave the stock a "neutral" rating in a report on Monday, July 7th. Bank of America boosted their price objective 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. TD Cowen lifted their target price on shares of American Airlines Group to $13.00 and gave the stock an "unchanged" rating in a research note on Friday, April 25th. Finally, Raymond James Financial lowered their price target on shares of American Airlines Group from $15.00 to $14.00 and set an "outperform" rating on the stock in a research report on Friday, April 25th. One 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 MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.76.

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.