Cetera Investment Advisers buys 136,797 shares of American Airlines Group Inc. (NASDAQ:AAL)

Cetera Investment Advisers increased its stake in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 271.8% during the first quarter, according to the company’s most recent filing with the Securities and Exchange Commission (SEC) on Form 13F. The institutional investor owned 187,130 shares of the airline after purchasing an additional 136,797 shares during the quarter. Cetera Investment Advisers’ holdings in American Airlines Group were worth $2,872,000, according to the company’s most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently added to or reduced their holdings of the stock. Vanguard Group Inc. increased its holdings in shares of American Airlines Group by 1.1% in the first quarter. Vanguard Group Inc. now owns 76,177,845 shares of the airline’s stock valued at $1,169,330,000 after buying an additional 806,770 shares in the last quarter. Par Capital Management Inc. increased its holdings in American Airlines Group by 0.4% in the fourth quarter. Par Capital Management Inc. now owns 2,510,600 shares of the airline’s stock valued at $34,496,000 after buying an additional 10,600 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of American Airlines Group by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,153,431 shares of the airline’s stock valued at $29,593,000 after acquiring an additional 82,537 shares in the last quarter. Norges Bank acquired a new position in shares of American Airlines Group in the fourth quarter valued at about $22,819,000. Finally, Sei Investments Co. increased its position in shares of American Airlines Group by 36.9% in the 1st quarter. Sei Investments Co. now owns 1,045,606 shares of the airline’s stock valued at $16,050,000 after acquiring an additional 281,956 shares in the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.

Price development of the American Airlines Group

American Airlines Group stock opened at $9.86 on Friday. The stock has a market cap of $6.47 billion, a P/E ratio of 16.43, a price-to-earnings-growth ratio of 0.21 and a beta of 1.44. The company has a 50-day moving average of $10.85 and a 200-day moving average of $13.14. American Airlines Group Inc. has a 12-month low of $9.07 and a 12-month high of $16.15.

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 had a negative net margin of 0.23% and a negative return on equity of 19.49%. The company’s revenue grew 2.0% compared to the same quarter last year. In the same quarter last year, the company generated earnings per share of $1.92. On average, equities analysts expect that American Airlines Group Inc. will report earnings per share of $0.96 for the current fiscal year.

Analysts set new price targets

AAL has been the subject of a number of research analyst reports. Citigroup cut their price target on shares of American Airlines Group from $20.00 to $16.50 and gave the company a “buy” rating in a report on Friday, May 31. Jefferies Financial Group downgraded American Airlines Group from a “buy” rating to a “hold” rating and lowered their price target on the stock from $17.00 to $12.00 in a research report on Wednesday, May 29. JPMorgan Chase & Co. cut their price target on American Airlines Group from $21.00 to $15.00 in a report on Friday, July 26. TD Cowen downgraded American Airlines Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from $16.00 to $10.00 in a report on Wednesday, July 17. 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 report on Wednesday, July 10. 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, the stock has an average rating of “hold” and a consensus price target of $13.80.

Read our latest report on AAL

About 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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