Blair William & Co. IL Purchases 4,735 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Blair William & Co. IL lifted its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 34.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,521 shares of the airline’s stock after purchasing an additional 4,735 shares during the period. Blair William & Co. IL’s holdings in American Airlines Group were worth $210,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in AAL. Vermillion & White Wealth Management Group LLC bought a new stake in American Airlines Group in the fourth quarter valued at approximately $27,000. UMB Bank n.a. boosted its holdings in American Airlines Group by 404.3% in the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock valued at $32,000 after acquiring an additional 2,264 shares during the last quarter. Quarry LP bought a new stake in American Airlines Group in the fourth quarter valued at approximately $34,000. Beaird Harris Wealth Management LLC boosted its holdings in American Airlines Group by 51.3% in the first quarter. Beaird Harris Wealth Management LLC now owns 2,345 shares of the airline’s stock valued at $36,000 after acquiring an additional 795 shares during the last quarter. Finally, ORG Partners LLC bought a new stake in American Airlines Group in the second quarter valued at approximately $36,000. 52.44% of the stock is currently owned by institutional investors.

American Airlines Group Stock Performance

AAL stock opened at $11.56 on Friday. The company has a market capitalization of $7.59 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 0.27 and a beta of 1.43. American Airlines Group Inc. has a fifty-two week low of $9.07 and a fifty-two week high of $16.15. The stock has a fifty day moving average of $10.45 and a 200-day moving average of $12.14.

American Airlines Group (NASDAQ:AAL) last posted 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. 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 return on equity of 19.49% and a negative net margin of 0.23%. The firm’s quarterly revenue was up 2.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.92 EPS. Equities analysts predict that American Airlines Group Inc. will post 1.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. BNP Paribas raised American Airlines Group to a “hold” rating in a research note on Thursday, September 19th. JPMorgan Chase & Co. lowered their target price on American Airlines Group from $21.00 to $15.00 in a research report on Friday, July 26th. Redburn Atlantic raised American Airlines Group to a “hold” rating in a research report on Tuesday, September 3rd. Morgan Stanley lowered 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. Finally, Sanford C. Bernstein lowered American Airlines Group from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $18.00 to $12.00 in a research report on Monday, July 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $13.15.

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.