Wealth Enhancement Advisory Services LLC purchased a new position in shares of American Airlines Group Inc (NASDAQ:AAL) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 52,428 shares of the airline’s stock, valued at approximately $3,065,000.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Westside Investment Management Inc. grew its position in American Airlines Group by 3.5% during the 2nd quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock worth $111,000 after acquiring an additional 72 shares during the last quarter. WFG Advisors LP grew its position in American Airlines Group by 28.1% during the 2nd quarter. WFG Advisors LP now owns 2,367 shares of the airline’s stock worth $119,000 after acquiring an additional 519 shares during the last quarter. Exane Derivatives grew its position in American Airlines Group by 416.3% during the 3rd quarter. Exane Derivatives now owns 2,592 shares of the airline’s stock worth $123,000 after acquiring an additional 2,090 shares during the last quarter. IHT Wealth Management LLC grew its position in American Airlines Group by 516.8% during the 2nd quarter. IHT Wealth Management LLC now owns 2,387 shares of the airline’s stock worth $126,000 after acquiring an additional 2,000 shares during the last quarter. Finally, Blue Granite Capital LLC bought a new stake in American Airlines Group during the 3rd quarter worth approximately $131,000. Institutional investors and hedge funds own 81.22% of the company’s stock.
American Airlines Group Inc (NASDAQ:AAL) traded down $0.28 during mid-day trading on Friday, hitting $58.06. The stock had a trading volume of 3,151,201 shares, compared to its average volume of 4,270,000. The company has a debt-to-equity ratio of 5.63, a quick ratio of 0.57 and a current ratio of 0.65. The firm has a market cap of $27,780.00, a P/E ratio of 14.77, a P/E/G ratio of 5.22 and a beta of 0.99. American Airlines Group Inc has a one year low of $39.21 and a one year high of $59.08.
American Airlines Group (NASDAQ:AAL) last posted its quarterly earnings results on Thursday, October 26th. The airline reported $1.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.40 by $0.02. The company had revenue of $10.88 billion for the quarter, compared to the consensus estimate of $10.88 billion. American Airlines Group had a return on equity of 64.92% and a net margin of 4.71%. The firm’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.80 EPS. analysts predict that American Airlines Group Inc will post 4.83 EPS for the current year.
AAL has been the topic of a number of research analyst reports. JPMorgan Chase & Co. upgraded American Airlines Group from a “neutral” rating to an “overweight” rating and set a $65.00 price target on the stock in a research report on Wednesday, November 1st. Morgan Stanley reaffirmed an “equal weight” rating on shares of American Airlines Group in a report on Monday, November 13th. Bank of America raised American Airlines Group from an “underperform” rating to a “buy” rating and set a $64.00 price objective on the stock in a report on Tuesday, January 9th. Barclays raised American Airlines Group from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $55.00 to $65.00 in a report on Friday, September 22nd. Finally, Buckingham Research reaffirmed a “buy” rating on shares of American Airlines Group in a report on Friday, October 27th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $60.35.
In other news, CEO W Douglas Parker sold 224,572 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $52.32, for a total value of $11,749,607.04. Following the transaction, the chief executive officer now owns 1,925,242 shares of the company’s stock, valued at approximately $100,728,661.44. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Alberto Ibarguen sold 4,229 shares of the stock in a transaction on Friday, November 17th. The shares were sold at an average price of $47.60, for a total value of $201,300.40. The disclosure for this sale can be found here. Corporate insiders own 0.64% of the company’s stock.
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About American Airlines Group
American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.
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