Spire Wealth Management Buys 69,165 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Spire Wealth Management increased its stake in American Airlines Group Inc. (NASDAQ:AAL) by 583.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 81,015 shares of the airline’s stock after buying an additional 69,165 shares during the period. Spire Wealth Management’s holdings in American Airlines Group were worth $918,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of AAL. Vermillion & White Wealth Management Group LLC bought a new position in American Airlines Group in the fourth quarter worth about $27,000. UMB Bank n.a. increased its stake in shares of American Airlines Group by 404.3% during the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after purchasing an additional 2,264 shares in the last quarter. Quarry LP bought a new position in shares of American Airlines Group during the fourth quarter valued at approximately $34,000. Beaird Harris Wealth Management LLC increased its stake in shares of American Airlines Group by 51.3% during the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after purchasing an additional 795 shares in the last quarter. Finally, ORG Partners LLC bought a new position in shares of American Airlines Group during the second quarter valued at approximately $36,000. 52.44% of the stock is owned by institutional investors.

American Airlines Group Price Performance

Shares of American Airlines Group stock opened at $10.62 on Monday. The company’s fifty day simple moving average is $10.48 and its 200-day simple moving average is $12.64. The stock has a market capitalization of $6.97 billion, a PE ratio of 17.70, a P/E/G ratio of 0.22 and a beta of 1.44. American Airlines Group Inc. has a 1-year low of $9.07 and a 1-year high of $16.15.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings results on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, topping the consensus estimate of $1.04 by $0.05. American Airlines Group had a negative net margin of 0.23% and a negative return on equity of 19.49%. The business had revenue of $14.33 billion for the quarter, compared to analysts’ expectations of $14.38 billion. During the same quarter last year, the company posted $1.92 EPS. The company’s revenue was up 2.0% compared to the same quarter last year. As a group, research analysts anticipate that American Airlines Group Inc. will post 0.97 EPS for the current year.

Wall Street Analysts Forecast Growth

AAL has been the subject of a number of analyst reports. Evercore ISI decreased their target price on shares of American Airlines Group to $10.00 and set a “hold” rating for the company in a research note on Friday, July 26th. Susquehanna decreased their target price on shares of American Airlines Group from $15.00 to $13.00 and set a “neutral” rating for the company in a research note on Thursday, May 30th. Barclays decreased their target price on shares of American Airlines Group from $14.00 to $10.00 and set an “underweight” rating for the company in a research note on Wednesday, July 10th. Morgan Stanley decreased their target price on shares of American Airlines Group from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Monday, June 3rd. Finally, Jefferies Financial Group downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $17.00 to $12.00 in a research note on Wednesday, May 29th. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $13.73.

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.