Friedenthal Financial boosted its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL - Free Report) by 1,039.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,355 shares of the airline's stock after buying an additional 44,113 shares during the quarter. Friedenthal Financial's holdings in American Airlines Group were worth $843,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in AAL. Blue Trust Inc. increased its holdings in American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline's stock worth $29,000 after acquiring an additional 911 shares in the last quarter. Point72 Hong Kong Ltd bought a new stake in shares of American Airlines Group during the 3rd quarter valued at $55,000. KBC Group NV lifted its stake in shares of American Airlines Group by 55.8% during the 3rd quarter. KBC Group NV now owns 6,152 shares of the airline's stock valued at $69,000 after buying an additional 2,204 shares in the last quarter. GAMMA Investing LLC boosted its holdings in American Airlines Group by 44.3% in the 3rd quarter. GAMMA Investing LLC now owns 9,932 shares of the airline's stock worth $112,000 after buying an additional 3,047 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new stake in American Airlines Group in the 3rd quarter worth $114,000. 52.44% of the stock is owned by hedge funds and other institutional investors.
American Airlines Group Price Performance
Shares of AAL traded down $0.78 during mid-day trading on Monday, reaching $17.60. 28,383,525 shares of the company's stock traded hands, compared to its average volume of 27,940,443. American Airlines Group Inc. has a 12 month low of $9.07 and a 12 month high of $18.45. The stock has a market cap of $11.57 billion, a P/E ratio of 53.33, a P/E/G ratio of 0.29 and a beta of 1.35. The stock's 50-day moving average is $15.96 and its two-hundred day moving average is $12.82.
American Airlines Group (NASDAQ:AAL - Get Free Report) last announced its quarterly earnings data on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating the consensus estimate of $0.16 by $0.14. The company had revenue of $13.65 billion for the quarter, compared to the consensus estimate of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. American Airlines Group's quarterly revenue was up 1.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.38 EPS. Research analysts predict that American Airlines Group Inc. will post 1.62 earnings per share for the current year.
Analysts Set New Price Targets
Several equities analysts have recently commented on the company. UBS Group upgraded American Airlines Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, December 10th. Susquehanna boosted their price target on American Airlines Group from $14.00 to $20.00 and gave the stock a "neutral" rating in a report on Tuesday, January 7th. Scotiabank raised shares of American Airlines Group from a "neutral" rating to a "buy" rating and set a $20.00 price objective for the company in a report on Thursday, December 5th. Bank of America boosted their target price on shares of American Airlines Group from $9.00 to $10.00 and gave the stock an "underperform" rating in a report on Friday, October 25th. Finally, Citigroup upped their target price on shares of American Airlines Group from $19.00 to $23.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have issued a hold rating, twelve have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat, American Airlines Group currently has an average rating of "Moderate Buy" and an average price target of $18.42.
Get Our Latest Stock Analysis on AAL
Insider Activity at American Airlines Group
In other news, CEO Robert D. Isom, Jr. sold 102,441 shares of the firm's stock in a transaction on Friday, December 27th. The stock was sold at an average price of $17.21, for a total transaction of $1,763,009.61. Following the transaction, the chief executive officer now owns 2,967,984 shares in the company, valued at approximately $51,079,004.64. This trade represents a 3.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.49% of the stock is currently owned by company insiders.
About American Airlines Group
(
Free Report)
American Airlines Group Inc, through its subsidiaries, operates as a network air carrier. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, DC, as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo.
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