American Airlines Group Inc. (NASDAQ:AAL) Shares Purchased by Focus Partners Wealth

Focus Partners Wealth grew its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 485.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 104,895 shares of the airline's stock after purchasing an additional 86,990 shares during the period. Focus Partners Wealth's holdings in American Airlines Group were worth $1,828,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Golden State Wealth Management LLC purchased a new position in American Airlines Group in the 4th quarter valued at approximately $25,000. Brooklyn Investment Group increased its position in shares of American Airlines Group by 133.1% in the fourth quarter. Brooklyn Investment Group now owns 1,592 shares of the airline's stock valued at $28,000 after buying an additional 909 shares in the last quarter. Bfsg LLC raised its stake in shares of American Airlines Group by 269.3% during the 4th 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. acquired a new position in shares of American Airlines Group during the 4th quarter worth $42,000. Finally, Harvest Fund Management Co. Ltd purchased a new stake in shares of American Airlines Group in the 4th quarter worth about $45,000. Hedge funds and other institutional investors own 52.44% of the company's stock.

American Airlines Group Trading Down 1.8%

NASDAQ:AAL traded down $0.21 on Tuesday, hitting $11.65. 43,889,156 shares of the stock were exchanged, compared to its average volume of 40,966,776. The stock has a market cap of $7.68 billion, a PE ratio of 10.22, a PEG ratio of 0.21 and a beta of 1.31. 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 fifty day moving average of $10.51 and a 200-day moving average of $14.01.

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 for the quarter, beating analysts' consensus estimates of ($0.69) by $0.10. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. The firm had revenue of $12.55 billion for the quarter, compared to analysts' expectations of $12.71 billion. During the same period in the previous year, the company posted ($0.34) earnings per share. American Airlines Group's revenue was down .2% compared to the same quarter last year. As a group, analysts predict that American Airlines Group Inc. will post 2.42 earnings per share for the current year.

Wall Street Analyst Weigh In

AAL has been the topic of several research reports. UBS Group lowered their price target on shares of American Airlines Group from $13.00 to $9.00 and set a "neutral" rating on the stock in a research report on Monday, April 7th. Bank of America dropped their price target on American Airlines Group from $16.00 to $12.00 and set a "neutral" rating for the company in a research report on Thursday, April 3rd. Sanford C. Bernstein upped 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. JPMorgan Chase & Co. dropped their price objective on American Airlines Group from $30.00 to $26.00 and set an "overweight" rating for the company in a research report on Monday, March 3rd. Finally, Redburn Atlantic upgraded shares of American Airlines Group from a "neutral" rating to a "buy" rating and upped their target price for the company from $18.00 to $24.00 in a report on Wednesday, February 26th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $15.68.

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.