Virtu Financial LLC Takes Position in American Airlines Group Inc. (NASDAQ:AAL)

Key Points

• Virtu Financial LLC has acquired a new stake in American Airlines Group, purchasing 290,729 shares valued at approximately $3.07 million during the 1st quarter.
• American Airlines reported a net revenue of $14.39 billion for the last quarter, exceeding analysts' estimates, while earnings per share (EPS) were $0.95, beating expectations of $0.79.
• Several analysts have adjusted their price targets for American Airlines, with a consensus target price of $16.76 and ratings ranging from "sell" to "strong buy."

Virtu Financial LLC bought a new position in American Airlines Group Inc. (NASDAQ:AAL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 290,729 shares of the airline's stock, valued at approximately $3,067,000.

Other large investors also recently modified their holdings of the company. Elequin Capital LP grew its stake in shares of American Airlines Group by 208.5% in the fourth quarter. Elequin Capital LP now owns 1,749 shares of the airline's stock worth $30,000 after purchasing an additional 1,182 shares during the last quarter. Bogart Wealth LLC grew its stake 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 purchasing an additional 2,600 shares during the last quarter. Assetmark Inc. bought a new stake in American Airlines Group during the 1st quarter valued at approximately $30,000. Golden State Wealth Management LLC boosted its position in 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 valued at $33,000 after acquiring an additional 1,709 shares in the last quarter. Finally, Bernard Wealth Management Corp. bought a new stake in American Airlines Group during the 4th quarter valued at approximately $42,000. 52.44% of the stock is owned by institutional investors.

American Airlines Group Trading Down 0.9%

Shares of AAL opened at $11.62 on Friday. The firm has a market cap of $7.67 billion, a PE ratio of 14.53, a P/E/G ratio of 2.64 and a beta of 1.43. The firm has a fifty day simple moving average of $11.54 and a two-hundred day simple moving average of $12.12. 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 issued its quarterly earnings data on Thursday, July 24th. The airline reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.79 by $0.16. American Airlines Group had a net margin of 1.05% and a negative return on equity of 24.55%. The firm had revenue of $14.39 billion during the quarter, compared to the consensus estimate of $14.27 billion. During the same quarter in the previous year, the firm posted $1.09 EPS. The company's revenue for the quarter was up .4% compared to the same quarter last year. As a group, research analysts forecast that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. Barclays lifted their price objective on American Airlines Group from $11.00 to $12.00 and gave the company an "equal weight" rating in a research report on Thursday, July 10th. Bank of America lifted their price objective on American Airlines Group from $10.00 to $12.00 and gave the company a "neutral" rating in a research report on Tuesday, July 1st. Raymond James Financial cut their price objective on 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. TD Cowen boosted their price target on American Airlines Group to $13.00 and gave the stock an "unchanged" rating in a research report on Friday, April 25th. Finally, Sanford C. Bernstein raised their price objective 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. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, American Airlines Group currently has a consensus rating of "Moderate Buy" and a consensus 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.

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