First Allied Advisory Services Inc. grew its stake in shares of American Airlines Group Inc (NASDAQ:AAL) by 13.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 12,060 shares of the airline’s stock after buying an additional 1,429 shares during the period. First Allied Advisory Services Inc.’s holdings in American Airlines Group were worth $390,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in AAL. Harris Associates L P boosted its holdings in American Airlines Group by 14.0% in the fourth quarter. Harris Associates L P now owns 18,951,352 shares of the airline’s stock valued at $608,528,000 after acquiring an additional 2,328,627 shares during the last quarter. Canada Pension Plan Investment Board boosted its holdings in American Airlines Group by 116.3% in the third quarter. Canada Pension Plan Investment Board now owns 201,410 shares of the airline’s stock valued at $8,324,000 after acquiring an additional 108,300 shares during the last quarter. Private Advisor Group LLC boosted its holdings in American Airlines Group by 17.4% in the fourth quarter. Private Advisor Group LLC now owns 13,596 shares of the airline’s stock valued at $437,000 after acquiring an additional 2,011 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its holdings in American Airlines Group by 0.7% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 59,641 shares of the airline’s stock valued at $1,915,000 after acquiring an additional 414 shares during the last quarter. Finally, Advent Capital Management DE acquired a new position in American Airlines Group in the third quarter valued at $413,000. 81.52% of the stock is owned by institutional investors.
A number of research analysts recently weighed in on AAL shares. Macquarie set a $53.00 target price on American Airlines Group and gave the company a “buy” rating in a report on Tuesday, January 29th. Deutsche Bank cut American Airlines Group from a “buy” rating to a “hold” rating and lifted their target price for the company from $28.81 to $35.63 in a report on Friday, March 1st. ValuEngine cut American Airlines Group from a “sell” rating to a “strong sell” rating in a report on Friday, January 11th. Citigroup reduced their price objective on American Airlines Group from $59.00 to $56.00 and set a “buy” rating on the stock in a research note on Friday, March 8th. Finally, Imperial Capital restated an “outperform” rating and set a $43.00 price objective (down previously from $46.00) on shares of American Airlines Group in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $44.85.
American Airlines Group (NASDAQ:AAL) last announced its earnings results on Friday, April 26th. The airline reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.50 by $0.02. American Airlines Group had a negative return on equity of 322.87% and a net margin of 3.17%. The business had revenue of $10.58 billion for the quarter, compared to analyst estimates of $10.61 billion. During the same period in the previous year, the company earned $0.75 earnings per share. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. On average, research analysts expect that American Airlines Group Inc will post 5.73 EPS for the current fiscal year.
About American Airlines Group
American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. It provides scheduled air transportation services for passengers and cargo. As of December 31, 2018, the company operated a mainline fleet of 956 aircraft. It serves 350 destinations in approximately 50 countries, principally from its hubs in Charlotte, Chicago, Dallas/Fort Worth, London Heathrow, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc in December 2013.
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