Kestra Private Wealth Services LLC Acquires 778 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Kestra Private Wealth Services LLC grew its holdings in shares of American Airlines Group Inc. (NASDAQ:AALGet Rating) by 2.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,945 shares of the airline’s stock after purchasing an additional 778 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in American Airlines Group were worth $528,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. TD Asset Management Inc. grew its stake in American Airlines Group by 0.7% in the 1st quarter. TD Asset Management Inc. now owns 118,374 shares of the airline’s stock valued at $2,160,000 after buying an additional 800 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in American Airlines Group by 1.3% in the 1st quarter. Mutual of America Capital Management LLC now owns 87,004 shares of the airline’s stock valued at $1,588,000 after buying an additional 1,119 shares during the last quarter. Principal Financial Group Inc. grew its stake in American Airlines Group by 1.0% in the 1st quarter. Principal Financial Group Inc. now owns 781,339 shares of the airline’s stock valued at $14,260,000 after buying an additional 8,004 shares during the last quarter. AE Wealth Management LLC grew its stake in American Airlines Group by 4.9% in the 1st quarter. AE Wealth Management LLC now owns 234,940 shares of the airline’s stock valued at $4,288,000 after buying an additional 10,897 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in American Airlines Group by 57.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 853,938 shares of the airline’s stock valued at $15,584,000 after buying an additional 312,625 shares during the last quarter. Institutional investors own 54.06% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AAL shares. Argus lowered shares of American Airlines Group from a “buy” rating to a “hold” rating in a research note on Friday, July 8th. Melius started coverage on shares of American Airlines Group in a report on Monday, August 15th. They set a “hold” rating on the stock. Barclays reduced their target price on shares of American Airlines Group from $20.00 to $17.00 and set an “underweight” rating for the company in a research note on Tuesday, June 14th. Susquehanna Bancshares lowered their price target on American Airlines Group from $19.00 to $15.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 12th. Finally, Susquehanna cut their price target on American Airlines Group from $19.00 to $15.00 and set a “neutral” rating for the company in a report on Tuesday, July 12th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $18.56.

American Airlines Group Trading Up 3.3 %

Shares of AAL opened at $14.21 on Tuesday. American Airlines Group Inc. has a 1 year low of $11.93 and a 1 year high of $22.35. The stock has a 50 day simple moving average of $14.19 and a 200-day simple moving average of $15.54. The stock has a market cap of $9.23 billion, a PE ratio of -4.69 and a beta of 1.51.

American Airlines Group (NASDAQ:AALGet Rating) last released its quarterly earnings results on Thursday, July 21st. The airline reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.03). The company had revenue of $13.42 billion during the quarter, compared to analysts’ expectations of $13.40 billion. During the same period last year, the company earned ($1.69) earnings per share. American Airlines Group’s quarterly revenue was up 79.5% on a year-over-year basis. On average, sell-side analysts forecast that American Airlines Group Inc. will post -0.82 EPS for the current fiscal year.

American Airlines Group Profile

(Get Rating)

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, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

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Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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