Wealth Enhancement Advisory Services LLC Lowers Stock Position in American Airlines Group Inc. (NASDAQ:AAL)

Wealth Enhancement Advisory Services LLC reduced its position in American Airlines Group Inc. (NASDAQ:AAL) by 10.9% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 46,318 shares of the airline’s stock after selling 5,659 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in American Airlines Group were worth $521,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. Blue Trust Inc. grew its holdings in shares of American Airlines Group by 56.2% in the 3rd quarter. Blue Trust Inc. now owns 2,533 shares of the airline’s stock worth $29,000 after acquiring an additional 911 shares during the period. UMB Bank n.a. raised its position in American Airlines Group by 404.3% during the second quarter. UMB Bank n.a. now owns 2,824 shares of the airline’s stock worth $32,000 after acquiring an additional 2,264 shares during the last quarter. Beaird Harris Wealth Management LLC boosted 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 acquiring an additional 795 shares during the last quarter. ORG Partners LLC purchased a new stake in American Airlines Group during the 2nd quarter worth about $36,000. Finally, Sentry Investment Management LLC acquired a new position in American Airlines Group in the 2nd quarter valued at about $36,000. Institutional investors and hedge funds own 52.44% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on AAL. TD Securities lowered their price target on shares of American Airlines Group from $10.00 to $7.00 in a report on Friday, July 26th. BNP Paribas upgraded shares of American Airlines Group to a “hold” rating in a report on Thursday, September 19th. Susquehanna increased their price target on shares of American Airlines Group from $11.00 to $12.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 9th. TD Cowen raised their price target on shares of American Airlines Group from $9.00 to $10.00 and gave the company a “hold” rating in a report on Friday, October 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of American Airlines Group from $15.00 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $13.40.

American Airlines Group Stock Up 1.4 %

Shares of NASDAQ AAL opened at $13.81 on Friday. The stock has a market capitalization of $9.07 billion, a P/E ratio of 41.85, a P/E/G ratio of 0.23 and a beta of 1.39. American Airlines Group Inc. has a 52-week low of $9.07 and a 52-week high of $16.15. The firm’s 50-day moving average price is $11.94 and its two-hundred day moving average price is $11.78.

American Airlines Group (NASDAQ:AAL) last posted its earnings results on Thursday, October 24th. The airline reported $0.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.14. The company had revenue of $13.65 billion for the quarter, compared to analysts’ expectations of $13.50 billion. American Airlines Group had a negative return on equity of 18.62% and a net margin of 0.51%. The firm’s quarterly revenue was up 1.2% compared to the same quarter last year. During the same period last year, the business posted $0.38 earnings per share. As a group, equities research analysts expect that American Airlines Group Inc. will post 1.49 earnings per share for the current year.

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.