GAMMA Investing LLC increased its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 70.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,885 shares of the airline after acquiring an additional 2,836 shares during the same period. GAMMA Investing LLC’s holdings in American Airlines Group were worth $78,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the company. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of American Airlines Group in the 4th quarter valued at about $27,000. Beaird Harris Wealth Management LLC increased its holdings in American Airlines Group by 51.3% in the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after purchasing an additional 795 shares in the last quarter. GoalVest Advisory LLC acquired a new stake in American Airlines Group in the first quarter valued at about $38,000. Quarry LP acquired a new stake in shares of American Airlines Group in the 4th quarter valued at about $34,000. Finally, Baystate Wealth Management LLC increased its holdings 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 purchasing an additional 2,855 shares during the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.
Share price development of the American Airlines Group
AAL shares opened at $9.89 on Friday. The company’s 50-day moving average price is $10.92 and its 200-day moving average price is $13.19. The company has a market cap of $6.49 billion, a P/E ratio of 16.48, a PEG ratio of 0.21 and a beta of 1.44. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $16.24.
American Airlines Group (NASDAQ:AAL – Get Free Report) released its latest earnings results on Thursday, July 25. The airline reported earnings per share of $1.09 for the quarter, beating the consensus estimate of $1.04 by $0.05. The company had revenue of $14.33 billion for the quarter, compared to analyst estimates of $14.38 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The company’s revenue grew by 2.0% year-over-year. During the same period last year, the company generated earnings per share of $1.92. Equities analysts expect American Airlines Group Inc. to report earnings per share of $0.96 for the current fiscal year.
Analysts set new price targets
Several equities analysts have recently commented on the stock. Sanford C. Bernstein downgraded American Airlines Group from “outperform” to “market perform” and decreased their price target for the company from $18.00 to $12.00 in a research report on Monday, July 22nd. Jefferies Financial Group downgraded American Airlines Group from “buy” to “hold” and decreased their price target for the company from $17.00 to $12.00 in a research report on Wednesday, May 29th. TD Cowen downgraded American Airlines Group from “buy” to “hold” and decreased their price target for the stock from $16.00 to $10.00 in a research report on Wednesday, July 17th. JPMorgan Chase & Co. decreased their price target on American Airlines Group from $21.00 to $15.00 in a research report on Friday, July 26. Finally, Barclays decreased their price target on shares of American Airlines Group from $14.00 to $10.00 and gave the stock an “underweight” rating in a research report on Wednesday, July 10. Two research analysts have rated the stock with a sell rating, nine have given a hold rating, and seven have given a buy rating. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $13.80.
Get our latest report on American Airlines Group
Profile of the American Airlines Group
(Free report)
American Airlines Group Inc., through its subsidiaries, operates as a network airline. The company provides scheduled passenger and cargo service through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix and Washington, DC, and through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney and Tokyo.
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