American Airlines Group Inc. (NASDAQ:AAL) Holdings Lifted by Bogart Wealth LLC

Bogart Wealth LLC raised its stake in shares of American Airlines Group Inc. (NASDAQ:AAL) by 47.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,754 shares of the airline’s stock after buying an additional 2,500 shares during the period. Bogart Wealth LLC’s holdings in American Airlines Group were worth $107,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in AAL. Jupiter Asset Management Ltd. bought a new stake in American Airlines Group during the third quarter worth approximately $59,411,000. Invesco Ltd. boosted its stake in shares of American Airlines Group by 28.3% during the 3rd quarter. Invesco Ltd. now owns 12,119,358 shares of the airline’s stock worth $155,249,000 after acquiring an additional 2,672,793 shares in the last quarter. Qube Research & Technologies Ltd acquired a new position in shares of American Airlines Group in the 3rd quarter worth $28,867,000. Barclays PLC raised its position in shares of American Airlines Group by 191.7% during the third quarter. Barclays PLC now owns 3,333,370 shares of the airline’s stock worth $42,448,000 after purchasing an additional 2,190,456 shares during the period. Finally, U S Global Investors Inc. lifted its holdings in shares of American Airlines Group by 18.7% during the fourth quarter. U S Global Investors Inc. now owns 12,675,358 shares of the airline’s stock valued at $174,159,000 after purchasing an additional 2,001,247 shares during the last quarter. 52.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Sanford C. Bernstein boosted their price objective on American Airlines Group from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Monday. Citigroup reaffirmed a “buy” rating and issued a $20.00 target price on shares of American Airlines Group in a research report on Thursday, March 14th. Seaport Res Ptn raised American Airlines Group from a “neutral” rating to a “buy” rating in a research report on Friday, January 26th. Wolfe Research raised American Airlines Group from a “peer perform” rating to an “outperform” rating and set a $17.00 target price on the stock in a research note on Monday, January 22nd. Finally, TD Cowen upgraded shares of American Airlines Group from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $14.00 to $21.00 in a report on Friday, January 26th. Two research analysts have rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $17.60.

American Airlines Group Trading Up 1.2 %

NASDAQ:AAL traded up $0.17 during mid-day trading on Wednesday, hitting $14.42. 22,805,130 shares of the company’s stock traded hands, compared to its average volume of 34,001,047. The firm has a 50 day moving average of $14.29 and a two-hundred day moving average of $13.76. The firm has a market capitalization of $9.46 billion, a price-to-earnings ratio of 24.03, a price-to-earnings-growth ratio of 0.20 and a beta of 1.57. American Airlines Group Inc. has a 12 month low of $10.86 and a 12 month high of $19.08.

American Airlines Group (NASDAQ:AAL) last announced its earnings results on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.06). The company had revenue of $12.57 billion for the quarter, compared to the consensus estimate of $12.60 billion. American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the firm posted $0.05 EPS. As a group, equities research analysts expect that American Airlines Group Inc. will post 2.54 earnings per share for the current year.

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.