DekaBank Deutsche Girozentrale increased its position in American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 324.5% during the first quarter, according to the company’s most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,707 shares of the airline after acquiring an additional 8,185 shares during the quarter. DekaBank Deutsche Girozentrale’s holdings in American Airlines Group were worth $162,000 at the end of the most recent reporting period.
A number of other major investors have also recently changed their hold on the company. Cetera Advisors LLC increased its stake in American Airlines Group by 18.2% in the first quarter. Cetera Advisors LLC now owns 35,591 shares of the airline’s stock valued at $546,000 after buying an additional 5,480 shares in the last quarter. Cetera Investment Advisers increased its stake in American Airlines Group by 271.8% in the first quarter. Cetera Investment Advisers now owns 187,130 shares of the airline’s stock valued at $2,872,000 after buying an additional 136,797 shares in the last quarter. Beck Bode LLC bought a new stake in American Airlines Group in the first quarter valued at about $603,000. Rokos Capital Management LLP bought a new stake in American Airlines Group in the first quarter valued at about $6,289,000. Finally, iA Global Asset Management Inc. bought a new position in shares of American Airlines Group in the 1st quarter valued at approximately $1,301,000. 52.44% of the shares are owned by institutional investors.
Share price development of the American Airlines Group
NASDAQ:AAL shares opened at $9.89 on Friday. The company has a market cap of $6.49 billion, a P/E ratio of 16.48, a price-to-earnings-growth ratio of 0.21 and a beta of 1.44. American Airlines Group Inc. has a 52-week low of $9.07 and a 52-week high of $16.24. The company has a 50-day moving average of $10.92 and a 200-day moving average of $13.19.
American Airlines Group (NASDAQ:AAL – Get Free Report) last released its quarterly 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 posted a negative return on equity of 19.49% and a negative net margin of 0.23%. 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. On average, sell-side analysts forecast that American Airlines Group Inc. will report earnings per share of $0.96 for the current fiscal year.
Changes in analyst ratings
Several equities analysts have recently commented on the company. 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 note on Monday, July 22nd. Seaport Res Ptn downgraded American Airlines Group from “strong buy” to “hold” in a report on Wednesday, May 29th. TD Cowen downgraded American Airlines Group from “buy” to “hold” and decreased their price target for the company from $16.00 to $10.00 in a report on Wednesday, July 17th. Bank of America decreased their price target on American Airlines Group from $12.00 to $11.00 and gave the company an “underperform” rating in a research note on Wednesday, May 29th. Finally, HSBC initiated coverage on American Airlines Group in a research note on Monday, May 13. They gave the stock a “buy” rating and a price target of $17.90. Two investment analysts have rated the stock with a “sell” rating, nine have given a “hold” rating and seven have given a “buy” rating. According to MarketBeat, American Airlines Group has a consensus rating of “Hold” and an average price target of $13.80.
Read our latest stock analysis on AAL
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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