American Airlines Group Inc. (NASDAQ:AAL) Holdings Boosted by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 5.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,133 shares of the airline’s stock after purchasing an additional 2,011 shares during the period. Envestnet Asset Management Inc.’s holdings in American Airlines Group were worth $665,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of AAL. Raymond James Financial Inc. purchased a new stake in American Airlines Group in the 4th quarter worth about $3,858,000. Decker Retirement Planning Inc. acquired a new position in shares of American Airlines Group in the 4th quarter valued at about $9,482,000. Amundi lifted its position in shares of American Airlines Group by 31,647.8% in the fourth quarter. Amundi now owns 426,691 shares of the airline’s stock worth $7,510,000 after purchasing an additional 425,347 shares in the last quarter. Contravisory Investment Management Inc. acquired a new stake in shares of American Airlines Group during the fourth quarter worth approximately $689,000. Finally, KBC Group NV increased its stake in American Airlines Group by 46.0% in the 4th quarter. KBC Group NV now owns 8,982 shares of the airline’s stock valued at $157,000 after buying an additional 2,830 shares during the period. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Up 4.9 %

Shares of AAL stock opened at $10.52 on Friday. American Airlines Group Inc. has a 12 month low of $8.50 and a 12 month high of $19.10. The firm has a market cap of $6.94 billion, a PE ratio of 9.23, a price-to-earnings-growth ratio of 0.21 and a beta of 1.17. The stock has a 50 day moving average of $10.92 and a 200-day moving average of $14.16.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, beating the consensus estimate of ($0.69) by $0.10. The firm had revenue of $12.55 billion during the quarter, compared to analysts’ expectations of $12.71 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.34) EPS. As a group, equities analysts predict that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Melius Research upgraded shares of American Airlines Group from a “hold” rating to a “strong-buy” rating in a report on Monday, January 6th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $12.00 target price (down from $20.00) on shares of American Airlines Group in a research report on Tuesday, April 1st. UBS Group cut their price target on American Airlines Group from $13.00 to $9.00 and set a “neutral” rating for the company in a research note on Monday, April 7th. StockNews.com downgraded American Airlines Group from a “buy” rating to a “hold” rating in a report on Thursday, March 13th. Finally, Citigroup reduced their target price on shares of American Airlines Group from $21.50 to $20.00 and set a “buy” rating for the company in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $16.25.

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.