Prospera Financial Services Inc Sells 15,345 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Prospera Financial Services Inc decreased its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 41.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 21,341 shares of the airline’s stock after selling 15,345 shares during the period. Prospera Financial Services Inc’s holdings in American Airlines Group were worth $240,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Austin Private Wealth LLC bought a new position in American Airlines Group during the 3rd quarter valued at about $723,000. Maverick Capital Ltd. boosted its holdings in American Airlines Group by 95.3% in the second quarter. Maverick Capital Ltd. now owns 193,854 shares of the airline’s stock worth $2,196,000 after purchasing an additional 94,573 shares during the last quarter. Sei Investments Co. boosted its holdings in American Airlines Group by 14.7% in the second quarter. Sei Investments Co. now owns 1,199,121 shares of the airline’s stock worth $13,586,000 after purchasing an additional 153,515 shares during the last quarter. U S Global Investors Inc. raised its stake in American Airlines Group by 5.9% during the 3rd quarter. U S Global Investors Inc. now owns 9,088,188 shares of the airline’s stock valued at $102,151,000 after buying an additional 508,119 shares during the last quarter. Finally, ORG Partners LLC bought a new position in shares of American Airlines Group during the 2nd quarter valued at $36,000. 52.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently commented on AAL. TD Cowen lifted their price objective on American Airlines Group from $9.00 to $10.00 and gave the stock a “hold” rating in a report on Friday, October 25th. JPMorgan Chase & Co. upped their price target on shares of American Airlines Group from $15.00 to $20.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Redburn Atlantic raised shares of American Airlines Group to a “hold” rating in a report on Tuesday, September 3rd. BNP Paribas raised shares of American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Finally, Barclays upgraded shares of American Airlines Group from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $10.00 to $16.00 in a research note on Thursday, November 14th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, American Airlines Group has an average rating of “Hold” and a consensus target price of $13.96.

American Airlines Group Stock Up 3.8 %

American Airlines Group stock opened at $14.92 on Tuesday. American Airlines Group Inc. has a 52-week low of $9.07 and a 52-week high of $16.15. The company has a market cap of $9.80 billion, a price-to-earnings ratio of 43.58, a PEG ratio of 0.26 and a beta of 1.39. The firm’s fifty day moving average is $12.63 and its 200 day moving average is $11.76.

American Airlines Group (NASDAQ:AAL) last announced its quarterly earnings results on Thursday, October 24th. The airline reported $0.30 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. American Airlines Group had a net margin of 0.51% and a negative return on equity of 18.62%. The firm had revenue of $13.65 billion during the quarter, compared to the consensus estimate of $13.50 billion. During the same quarter last year, the firm earned $0.38 EPS. The firm’s revenue for the quarter was up 1.2% compared to the same quarter last year. On average, equities research analysts anticipate that American Airlines Group Inc. will post 1.49 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.