Vontobel Holding Ltd. acquired 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 firm acquired 126,851 shares of the airline's stock, valued at approximately $1,338,000.
A number of other institutional investors have also recently bought and sold shares of the company. Elequin Capital LP increased its holdings in American Airlines Group by 208.5% during the 4th quarter. Elequin Capital LP now owns 1,749 shares of the airline's stock worth $30,000 after purchasing an additional 1,182 shares in the last quarter. Bernard Wealth Management Corp. bought a new stake in American Airlines Group in the 4th quarter valued at approximately $42,000. Harvest Fund Management Co. Ltd acquired a new position in American Airlines Group during the 4th quarter worth approximately $45,000. Golden State Wealth Management LLC grew 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 acquiring an additional 1,709 shares in the last quarter. Finally, GeoWealth Management LLC raised its holdings in shares of American Airlines Group by 107.6% in the fourth quarter. GeoWealth Management LLC now owns 3,819 shares of the airline's stock valued at $67,000 after purchasing an additional 1,979 shares during the last quarter. Institutional investors and hedge funds own 52.44% of the company's stock.
American Airlines Group Stock Up 0.5%
Shares of AAL traded up $0.06 during mid-day trading on Friday, hitting $11.69. 30,316,593 shares of the company's stock were exchanged, compared to its average volume of 43,126,960. American Airlines Group Inc. has a 52 week low of $8.50 and a 52 week high of $19.10. The stock's 50-day simple moving average is $11.16 and its 200-day simple moving average is $13.15. The firm has a market cap of $7.71 billion, a price-to-earnings ratio of 12.99, a price-to-earnings-growth ratio of 1.61 and a beta of 1.36.
American Airlines Group (NASDAQ:AAL - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The airline reported ($0.59) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.69) by $0.10. The business had revenue of $12.55 billion for the quarter, compared to the consensus estimate of $12.71 billion. American Airlines Group had a negative return on equity of 26.59% and a net margin of 1.26%. The firm's quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.34) earnings per share. Analysts forecast that American Airlines Group Inc. will post 2.42 earnings per share for the current fiscal year.
Analyst Ratings Changes
Several research analysts recently commented on AAL shares. Barclays reduced their target price on shares of American Airlines Group from $16.00 to $11.00 and set an "equal weight" rating for the company in a report on Tuesday, April 8th. Bank of America increased their price objective on American Airlines Group from $10.00 to $12.00 and gave the company a "neutral" rating in a report on Tuesday. Raymond James Financial decreased their target price 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. The Goldman Sachs Group lowered shares of American Airlines Group from a "neutral" rating to a "sell" rating and dropped their price target for the stock from $16.00 to $8.00 in a research report on Tuesday, April 8th. Finally, Wall Street Zen cut shares of American Airlines Group from a "buy" rating to a "hold" rating in a research note on Thursday, March 13th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $15.68.
Get Our Latest Stock Analysis on AAL
About American Airlines Group
(
Free Report)
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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