Wealthspire Advisors LLC Raises Holdings in American Airlines Group Inc. (NASDAQ:AAL)

Wealthspire Advisors LLC raised its position in American Airlines Group Inc. (NASDAQ:AAL) by 30.7% during the fourth quarter, HoldingsChannel reports. The firm owned 147,319 shares of the airline’s stock after purchasing an additional 34,636 shares during the period. Wealthspire Advisors LLC’s holdings in American Airlines Group were worth $2,024,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gables Capital Management Inc. increased its stake in American Airlines Group by 100.0% during the third quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock worth $26,000 after acquiring an additional 1,000 shares during the last quarter. DekaBank Deutsche Girozentrale purchased a new position in American Airlines Group during the third quarter worth about $33,000. GAMMA Investing LLC acquired a new stake in shares of American Airlines Group during the fourth quarter valued at about $38,000. Baystate Wealth Management LLC raised its stake in shares of American Airlines Group by 267.1% in the 4th quarter. Baystate Wealth Management LLC now owns 3,924 shares of the airline’s stock valued at $54,000 after acquiring an additional 2,855 shares during the period. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of American Airlines Group by 238.1% in the 3rd quarter. Cullen Frost Bankers Inc. now owns 4,260 shares of the airline’s stock worth $55,000 after acquiring an additional 3,000 shares during the last quarter. 52.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Morgan Stanley reissued an “overweight” rating and issued a $20.00 target price on shares of American Airlines Group in a research report on Tuesday, March 5th. Jefferies Financial Group raised American Airlines Group from a “hold” rating to a “buy” rating and set a $18.00 target price for the company in a research report on Thursday, January 11th. TD Cowen raised shares of American Airlines Group from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $14.00 to $21.00 in a research note on Friday, January 26th. Barclays increased their target price on shares of American Airlines Group from $13.00 to $14.00 and gave the stock an “underweight” rating in a report on Friday, January 26th. Finally, UBS Group started coverage on shares of American Airlines Group in a research note on Wednesday, March 20th. They issued a “buy” rating and a $19.00 price target for the company. Two investment analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have issued a buy rating to the company’s stock. According to MarketBeat, American Airlines Group presently has an average rating of “Hold” and a consensus price target of $17.60.

American Airlines Group Trading Up 0.4 %

Shares of NASDAQ:AAL traded up $0.06 during trading on Thursday, hitting $14.48. 23,580,459 shares of the stock were exchanged, compared to its average volume of 33,885,535. The company has a market cap of $9.50 billion, a PE ratio of 24.03, a P/E/G ratio of 0.20 and a beta of 1.57. The company has a fifty day moving average price of $14.29 and a two-hundred day moving average price of $13.76. 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 issued its quarterly earnings data on Thursday, April 25th. The airline reported ($0.34) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by ($0.06). The firm had revenue of $12.57 billion for the quarter, compared to analyst estimates of $12.60 billion. American Airlines Group had a negative return on equity of 31.65% and a net margin of 0.94%. The business’s revenue for the quarter was up 3.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.05 earnings per share. Equities research analysts anticipate that American Airlines Group Inc. will post 2.54 earnings per share for the current fiscal year.

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.