Focus Partners Wealth Grows Position in American Airlines Group Inc. (NASDAQ:AAL)

Focus Partners Wealth increased its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 485.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 104,895 shares of the airline's stock after buying an additional 86,990 shares during the quarter. Focus Partners Wealth's holdings in American Airlines Group were worth $1,828,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of AAL. Golden State Wealth Management LLC acquired a new stake in American Airlines Group during the 4th quarter worth approximately $25,000. Brooklyn Investment Group increased its position in American Airlines Group by 133.1% during the 4th quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock valued at $28,000 after purchasing an additional 909 shares during the period. Bfsg LLC raised its stake in American Airlines Group by 269.3% during the fourth quarter. Bfsg LLC now owns 2,057 shares of the airline's stock worth $36,000 after buying an additional 1,500 shares during the last quarter. Bernard Wealth Management Corp. bought a new stake in American Airlines Group during the fourth quarter valued at $42,000. Finally, Harvest Fund Management Co. Ltd acquired 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.

American Airlines Group Stock Up 0.7%

NASDAQ:AAL traded up $0.08 during trading hours on Thursday, hitting $11.32. 14,163,806 shares of the company traded hands, compared to its average volume of 41,073,392. The company has a market cap of $7.46 billion, a PE ratio of 9.93, a PEG ratio of 0.21 and a beta of 1.31. The firm's 50-day simple moving average is $10.52 and its 200-day simple moving average is $13.99. American Airlines Group Inc. has a one year low of $8.50 and a one year high of $19.10.

American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its earnings results on Thursday, April 24th. The airline reported ($0.59) earnings per share for the quarter, topping analysts' consensus estimates of ($0.69) by $0.10. The firm 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 28.56% and a net margin of 1.56%. The company's revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.34) EPS. As a group, equities research analysts expect that American Airlines Group Inc. will post 2.42 EPS for the current year.

Analyst Ratings Changes

Several brokerages have issued reports on AAL. Jefferies Financial Group reissued a "hold" rating and issued a $12.00 price target (down from $20.00) on shares of American Airlines Group in a research note on Tuesday, April 1st. Wall Street Zen downgraded shares of American Airlines Group from a "buy" rating to a "hold" rating in a research report on Thursday, March 13th. Susquehanna cut their target price on shares of American Airlines Group from $18.00 to $10.00 and set a "neutral" rating on the stock in a research note on Monday, April 7th. TD Cowen lifted their price target on shares of American Airlines Group to $13.00 and gave the company an "unchanged" rating in a research note on Friday, April 25th. Finally, Sanford C. Bernstein increased their price objective on shares of American Airlines Group from $12.00 to $15.00 and gave the stock an "outperform" rating in a research report on Tuesday, May 13th. One research 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. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $15.68.

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.