Global Retirement Partners LLC lifted its stake in shares of American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 13.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 9,502 shares of the airline’s stock after purchasing an additional 1,090 shares during the quarter. Global Retirement Partners LLC’s holdings in American Airlines Group were worth $131,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Raymond James & Associates boosted its stake in American Airlines Group by 12.8% during the 1st quarter. Raymond James & Associates now owns 143,373 shares of the airline’s stock valued at $2,617,000 after purchasing an additional 16,316 shares during the period. American Century Companies Inc. boosted its position in shares of American Airlines Group by 14.1% during the first quarter. American Century Companies Inc. now owns 27,651 shares of the airline’s stock worth $505,000 after buying an additional 3,421 shares during the period. US Bancorp DE grew its holdings in American Airlines Group by 11.0% in the 1st quarter. US Bancorp DE now owns 20,747 shares of the airline’s stock worth $378,000 after buying an additional 2,064 shares in the last quarter. MetLife Investment Management LLC increased its position in American Airlines Group by 23.1% in the 1st quarter. MetLife Investment Management LLC now owns 176,047 shares of the airline’s stock valued at $3,213,000 after acquiring an additional 32,986 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in American Airlines Group by 6.6% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 86,668 shares of the airline’s stock valued at $1,582,000 after acquiring an additional 5,393 shares in the last quarter. Institutional investors own 57.06% of the company’s stock.
Insider Activity
In related news, Director Douglas M. Steenland sold 1,950 shares of the business’s stock in a transaction that occurred on Monday, May 15th. The shares were sold at an average price of $14.10, for a total transaction of $27,495.00. Following the transaction, the director now directly owns 29,736 shares of the company’s stock, valued at $419,277.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.78% of the stock is owned by corporate insiders.
American Airlines Group Stock Performance
American Airlines Group (NASDAQ:AAL – Get Free Report) last issued its quarterly earnings results on Thursday, July 20th. The airline reported $1.92 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.33. The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $13.74 billion. American Airlines Group had a negative return on equity of 45.44% and a net margin of 4.98%. American Airlines Group’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.76 earnings per share. On average, research analysts forecast that American Airlines Group Inc. will post 3.37 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on AAL shares. StockNews.com began coverage on American Airlines Group in a report on Thursday, May 18th. They set a “buy” rating on the stock. The Goldman Sachs Group boosted their price target on shares of American Airlines Group from $14.00 to $15.00 in a research report on Wednesday, May 31st. Royal Bank of Canada upgraded shares of American Airlines Group to an “outperform” rating in a research note on Tuesday, June 6th. Barclays lifted their price target on American Airlines Group from $15.00 to $18.00 and gave the company an “underweight” rating in a research report on Thursday, July 13th. Finally, Morgan Stanley restated an “equal weight” rating and issued a $20.00 price objective on shares of American Airlines Group in a report on Tuesday, July 25th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $18.96.
Check Out Our Latest Report on American Airlines Group
American Airlines Group Company Profile
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.
Read More
- Five stocks we like better than American Airlines Group
- Insider Buying Explained: What Investors Need to Know
- Investing in Coffee: 3 Great Strategies to Consider
- Why Invest in High-Yield Dividend Stocks?
- 5 Best Stocks to Buy in a Bear Market
- What is the price-to-earnings growth (PEG) ratio?
- 3 Pharmaceutical Stocks to Buy and Hold for the Long Haul
Want to see what other hedge funds are holding AAL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for American Airlines Group Inc. (NASDAQ:AAL – Free Report).
Receive News & Ratings for American Airlines Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for American Airlines Group and related companies with MarketBeat.com's FREE daily email newsletter.
