Integrated Wealth Concepts LLC boosted its position in American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 34.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,646 shares of the airline’s stock after buying an additional 5,237 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in American Airlines Group were worth $305,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Bartlett & Co. LLC bought a new position in shares of American Airlines Group during the first quarter valued at approximately $27,000. Harel Insurance Investments & Financial Services Ltd. bought a new position in shares of American Airlines Group during the fourth quarter valued at approximately $33,000. Ahrens Investment Partners LLC acquired a new position in shares of American Airlines Group during the first quarter worth approximately $39,000. Covestor Ltd boosted its position in shares of American Airlines Group by 193.5% during the first quarter. Covestor Ltd now owns 2,721 shares of the airline’s stock worth $50,000 after buying an additional 1,794 shares during the period. Finally, Harvest Fund Management Co. Ltd boosted its position in shares of American Airlines Group by 199.8% during the fourth quarter. Harvest Fund Management Co. Ltd now owns 3,978 shares of the airline’s stock worth $51,000 after buying an additional 2,651 shares during the period. 57.06% of the stock is owned by institutional investors.
Insider Activity at American Airlines Group
In related news, Director Douglas M. Steenland sold 1,950 shares of the stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $14.10, for a total value of $27,495.00. Following the completion of the sale, the director now owns 29,736 shares in the company, valued at $419,277.60. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Douglas M. Steenland sold 2,000 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $13.88, for a total value of $27,760.00. Following the completion of the transaction, the director now owns 31,686 shares of the company’s stock, valued at $439,801.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Douglas M. Steenland sold 1,950 shares of the stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $14.10, for a total transaction of $27,495.00. Following the completion of the transaction, the director now directly owns 29,736 shares of the company’s stock, valued at approximately $419,277.60. The disclosure for this sale can be found here. 0.78% of the stock is owned by corporate insiders.
American Airlines Group Price Performance
AAL stock opened at $15.84 on Friday. American Airlines Group Inc. has a 52-week low of $11.65 and a 52-week high of $19.08. The company has a 50-day moving average of $16.75 and a two-hundred day moving average of $15.55. The stock has a market capitalization of $10.35 billion, a price-to-earnings ratio of 4.25 and a beta of 1.55.
American Airlines Group (NASDAQ:AAL – Get Free Report) last released its quarterly earnings results on Thursday, July 20th. The airline reported $1.92 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.33. American Airlines Group had a net margin of 4.98% and a negative return on equity of 45.44%. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $13.74 billion. During the same period in the prior year, the company earned $0.76 earnings per share. The business’s quarterly revenue was up 4.7% compared to the same quarter last year. Equities analysts expect that American Airlines Group Inc. will post 3.37 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
AAL has been the subject of several analyst reports. The Goldman Sachs Group boosted their price objective on American Airlines Group from $14.00 to $15.00 in a research report on Wednesday, May 31st. Barclays upped their target price on American Airlines Group from $15.00 to $18.00 and gave the stock an “underweight” rating in a research report on Thursday, July 13th. Royal Bank of Canada upgraded American Airlines Group to an “outperform” rating in a research report on Tuesday, June 6th. Jefferies Financial Group increased their price objective on American Airlines Group from $15.00 to $20.00 in a research report on Tuesday, July 11th. Finally, Bank of America increased their price objective on American Airlines Group from $9.50 to $11.00 and gave the company an “underperform” rating in a research report on Monday, June 26th. Two equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $18.96.
American Airlines Group 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
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.
