Private Advisor Group LLC Sells 3,897 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Private Advisor Group LLC decreased its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 5.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 70,768 shares of the airline’s stock after selling 3,897 shares during the period. Private Advisor Group LLC’s holdings in American Airlines Group were worth $802,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the company. ORG Partners LLC purchased a new position in shares of American Airlines Group during the second quarter valued at about $36,000. Cetera Investment Advisers increased its stake in American Airlines Group by 271.8% in the 1st quarter. Cetera Investment Advisers now owns 187,130 shares of the airline’s stock worth $2,872,000 after acquiring an additional 136,797 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of American Airlines Group during the 2nd quarter worth approximately $5,452,000. Spire Wealth Management boosted its position in shares of American Airlines Group by 583.7% during the 2nd quarter. Spire Wealth Management now owns 81,015 shares of the airline’s stock valued at $918,000 after acquiring an additional 69,165 shares during the last quarter. Finally, GAMMA Investing LLC grew its holdings in shares of American Airlines Group by 70.0% in the second quarter. GAMMA Investing LLC now owns 6,885 shares of the airline’s stock valued at $78,000 after purchasing an additional 2,836 shares in the last quarter. Hedge funds and other institutional investors own 52.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AAL. Morgan Stanley dropped their price target on American Airlines Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research report on Monday, June 3rd. JPMorgan Chase & Co. lowered their target price on shares of American Airlines Group from $21.00 to $15.00 in a report on Friday, July 26th. Evercore ISI reduced their price objective on shares of American Airlines Group to $10.00 and set a “hold” rating on the stock in a research report on Friday, July 26th. Seaport Res Ptn downgraded shares of American Airlines Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 29th. Finally, Redburn Atlantic raised American Airlines Group to a “hold” rating in a research note on Tuesday, September 3rd. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat.com, American Airlines Group has an average rating of “Hold” and an average target price of $13.73.

American Airlines Group Stock Performance

NASDAQ AAL opened at $10.81 on Tuesday. The company’s 50-day simple moving average is $10.41 and its two-hundred day simple moving average is $12.31. American Airlines Group Inc. has a one year low of $9.07 and a one year high of $16.15. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 0.27 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 EPS for the quarter, topping analysts’ consensus estimates of $1.04 by $0.05. The company had revenue of $14.33 billion during the quarter, compared to the consensus estimate of $14.38 billion. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. American Airlines Group’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.92 earnings per share. Equities analysts expect that American Airlines Group Inc. will post 1.06 earnings per share for the current fiscal year.

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.