Raymond James & Associates Has $1.14 Million Position in American Airlines Group Inc. (NASDAQ:AAL)

Raymond James & Associates reduced its position in shares of American Airlines Group Inc. (NASDAQ:AAL) by 31.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 82,811 shares of the airline’s stock after selling 38,700 shares during the quarter. Raymond James & Associates’ holdings in American Airlines Group were worth $1,138,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in AAL. Gables Capital Management Inc. lifted its holdings in American Airlines Group by 100.0% during the 3rd quarter. Gables Capital Management Inc. now owns 2,000 shares of the airline’s stock worth $26,000 after purchasing an additional 1,000 shares during the last quarter. DekaBank Deutsche Girozentrale acquired a new stake in American Airlines Group during the 3rd quarter worth approximately $33,000. First Horizon Advisors Inc. lifted its holdings in American Airlines Group by 38.4% during the 1st quarter. First Horizon Advisors Inc. now owns 3,331 shares of the airline’s stock worth $49,000 after purchasing an additional 924 shares during the last quarter. Covestor Ltd lifted its holdings in American Airlines Group by 193.5% during the 1st quarter. Covestor Ltd now owns 2,721 shares of the airline’s stock worth $50,000 after purchasing an additional 1,794 shares during the last quarter. Finally, Cullen Frost Bankers Inc. lifted its holdings in American Airlines Group by 238.1% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 4,260 shares of the airline’s stock worth $55,000 after purchasing an additional 3,000 shares during the last quarter. 52.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on AAL. Citigroup reaffirmed a “buy” rating and issued a $20.00 price objective on shares of American Airlines Group in a report on Thursday, March 14th. TD Cowen raised American Airlines Group from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $14.00 to $21.00 in a report on Friday, January 26th. JPMorgan Chase & Co. boosted their price target on American Airlines Group from $19.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, January 26th. Evercore ISI reissued a “hold” rating and set a $17.00 price target on shares of American Airlines Group in a report on Monday, January 29th. Finally, Morgan Stanley reissued an “overweight” rating and set a $20.00 price target on shares of American Airlines Group in a report on Tuesday, March 5th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and eleven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $17.53.

American Airlines Group Trading Up 0.6 %

NASDAQ AAL opened at $14.11 on Friday. The business’s 50-day moving average price is $14.52 and its two-hundred day moving average price is $13.57. American Airlines Group Inc. has a 12 month low of $10.86 and a 12 month high of $19.08. The firm has a market capitalization of $9.24 billion, a PE ratio of 12.83, a price-to-earnings-growth ratio of 0.12 and a beta of 1.57.

American Airlines Group (NASDAQ:AAL) last released its quarterly earnings results on Thursday, January 25th. The airline reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.18. American Airlines Group had a negative return on equity of 36.28% and a net margin of 1.56%. The firm had revenue of $13.06 billion for the quarter, compared to analyst estimates of $13.01 billion. During the same quarter in the previous year, the company posted $1.17 EPS. The business’s revenue was down 1.0% on a year-over-year basis. As a group, analysts forecast that American Airlines Group Inc. will post 2.45 earnings per share for the current fiscal year.

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.