Sunbelt Securities Inc. Buys 1,126 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Sunbelt Securities Inc. raised its position in American Airlines Group Inc. (NASDAQ:AAL) by 8.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 14,894 shares of the airline’s stock after purchasing an additional 1,126 shares during the period. Sunbelt Securities Inc.’s holdings in American Airlines Group were worth $169,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. Vermillion & White Wealth Management Group LLC bought a new position in shares of American Airlines Group during the 4th quarter worth approximately $27,000. Beaird Harris Wealth Management LLC boosted its stake in 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 worth $36,000 after acquiring an additional 795 shares in the last quarter. GoalVest Advisory LLC acquired a new stake in American Airlines Group in the first quarter worth $38,000. Quarry LP bought a new stake in American Airlines Group in the fourth quarter valued at $34,000. Finally, UMB Bank n.a. raised its holdings 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 during the period. 52.44% of the stock is owned by institutional investors.

American Airlines Group Stock Down 1.5 %

AAL opened at $10.74 on Thursday. The firm has a 50-day moving average price of $10.49 and a 200-day moving average price of $12.05. American Airlines Group Inc. has a twelve month low of $9.07 and a twelve month high of $16.15. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 17.90, a PEG ratio of 0.27 and a beta of 1.43.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings data on Thursday, July 25th. The airline reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.04 by $0.05. The business had revenue of $14.33 billion during the quarter, compared to analyst estimates 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 was up 2.0% compared to the same quarter last year. During the same period in the previous year, the business earned $1.92 EPS. On average, sell-side analysts expect that American Airlines Group Inc. will post 1.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AAL has been the topic of a number of research reports. Evercore dropped their price target on American Airlines Group from $13.00 to $10.00 in a research note on Friday, July 26th. BNP Paribas raised American Airlines Group to a “hold” rating in a research report on Thursday, September 19th. JPMorgan Chase & Co. reduced their price target on shares of American Airlines Group from $21.00 to $15.00 in a research report on Friday, July 26th. Barclays decreased their price target 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. Finally, Redburn Atlantic raised shares of 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 given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, American Airlines Group currently has a consensus rating of “Hold” and a consensus price target of $13.09.

About American Airlines Group

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.