ORG Partners LLC acquired a new position in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 3,228 shares of the airline’s stock valued at approximately $36,000.
A number of other large investors also recently bought and sold shares of the airline. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of American Airlines Group during the 4th quarter valued at $27,000. Quarry LP acquired a new stake in American Airlines Group during the 4th quarter valued at about $34,000. Beaird Harris Wealth Management LLC increased its stake in shares of American Airlines Group by 51.3% during the 1st 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 during the same period. GAMMA Investing LLC acquired a new stake in shares of American Airlines Group during the 4th quarter valued at about $38,000. Finally, GoalVest Advisory LLC acquired a new stake in American Airlines Group during the 1st quarter valued at about $38,000. Hedge funds and other institutional investors own 52.44% of the company’s shares.
Wall Street analysts comment
Several research analysts have commented on the stock. Morgan Stanley lowered their price target on shares of American Airlines Group from $20.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, June 3rd. Evercore ISI lowered their price target on shares of American Airlines Group to $10.00 and gave the company a “hold” rating in a research report on Friday, July 26th. Sanford C. Bernstein downgraded American Airlines Group from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $18.00 to $12.00 in a research report on Monday, July 22nd. Evercore lowered their price target on American Airlines Group from $13.00 to $10.00 in a research note on Friday, July 26th. Finally, HSBC assumed coverage on American Airlines Group in a research note on Monday, May 13. They issued a buy rating and a $17.90 price target for the company. Two equities analysts have rated the stock with a sell rating, nine have a hold rating and seven have assigned a buy rating. According to MarketBeat, American Airlines Group currently has an average rating of “Hold” and a consensus price target of $13.80.
Get our latest analysis on American Airlines Group
Price development of the American Airlines Group
NASDAQ AAL opened at $10.05 on Friday. The company has a market cap of $6.59 billion, a price-to-earnings ratio of 16.75, a price-to-earnings-growth ratio of 0.21 and a beta of 1.44. American Airlines Group Inc. has a 12-month low of $9.07 and a 12-month high of $16.15. The company’s 50-day moving average price is $10.69 and its 200-day moving average price is $12.97.
American Airlines Group (NASDAQ:AAL – Get Free Report) last released its earnings results on Thursday, July 25. The airline reported earnings per share of $1.09 for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. American Airlines Group had a negative return on equity of 19.49% and a negative net margin of 0.23%. The company had revenue of $14.33 billion for the quarter, compared to the consensus estimate of $14.38 billion. In the same quarter last year, the company reported earnings per share of $1.92. American Airlines Group’s quarterly revenue grew 2.0% compared to the same quarter last year. As a group, analysts expect American Airlines Group Inc. to report earnings per share of $0.96 for the current year.
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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