American Airlines Group Inc. (NASDAQ:AAL) Stake Increased by J.W. Cole Advisors Inc.

J.W. Cole Advisors Inc. grew its holdings in American Airlines Group Inc. (NASDAQ:AALGet Rating) by 518.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 111,775 shares of the airline’s stock after purchasing an additional 93,694 shares during the period. J.W. Cole Advisors Inc.’s holdings in American Airlines Group were worth $68,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of AAL. CENTRAL TRUST Co raised its holdings in shares of American Airlines Group by 6,685.7% during the first quarter. CENTRAL TRUST Co now owns 1,425 shares of the airline’s stock worth $26,000 after acquiring an additional 1,404 shares in the last quarter. Private Capital Group LLC raised its holdings in shares of American Airlines Group by 207.4% during the first quarter. Private Capital Group LLC now owns 1,534 shares of the airline’s stock worth $28,000 after acquiring an additional 1,035 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. purchased a new stake in shares of American Airlines Group during the fourth quarter worth $27,000. First Horizon Advisors Inc. raised its holdings in shares of American Airlines Group by 1,403.6% during the first quarter. First Horizon Advisors Inc. now owns 2,090 shares of the airline’s stock worth $38,000 after acquiring an additional 1,951 shares in the last quarter. Finally, Elequin Capital LP acquired a new position in American Airlines Group during the first quarter worth $43,000. Hedge funds and other institutional investors own 54.06% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on AAL shares. Jefferies Financial Group reissued a “hold” rating and set a $20.00 target price on shares of American Airlines Group in a research report on Monday, June 27th. Susquehanna Bancshares lowered their target price on shares of American Airlines Group from $19.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 12th. Evercore ISI lowered their target price on shares of American Airlines Group from $20.00 to $13.00 and set an “in-line” rating on the stock in a research report on Monday, June 27th. Citigroup lowered their target price on shares of American Airlines Group from $22.00 to $15.75 in a research report on Monday, July 11th. Finally, Susquehanna lowered their price target on American Airlines Group from $19.00 to $15.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 12th. Two research analysts have rated the stock with a sell rating, twelve have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $18.56.

American Airlines Group Stock Down 3.9 %

Shares of AAL opened at $12.71 on Friday. American Airlines Group Inc. has a 12-month low of $11.93 and a 12-month high of $22.35. The firm has a market capitalization of $8.26 billion, a price-to-earnings ratio of -4.19 and a beta of 1.51. The stock’s 50-day moving average price is $14.12 and its 200 day moving average price is $15.52.

American Airlines Group (NASDAQ:AALGet Rating) last issued its quarterly earnings results on Thursday, July 21st. The airline reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.03). The company had revenue of $13.42 billion during the quarter, compared to analysts’ expectations of $13.40 billion. During the same quarter last year, the company earned ($1.69) EPS. The firm’s revenue for the quarter was up 79.5% on a year-over-year basis. Equities research analysts expect that American Airlines Group Inc. will post -0.82 EPS for the current year.

American Airlines Group Company Profile

(Get Rating)

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, Madrid, Seattle/Tacoma, Sydney, and Tokyo.

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Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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