Cetera Investment Advisers Decreases Position in American Airlines Group Inc. (NASDAQ:AAL)

Cetera Investment Advisers decreased its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 21.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 118,093 shares of the airline’s stock after selling 32,282 shares during the period. Cetera Investment Advisers’ holdings in American Airlines Group were worth $2,058,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Zacks Investment Management acquired a new stake in American Airlines Group in the 4th quarter valued at about $4,409,000. Raymond James Financial Inc. acquired a new stake in shares of American Airlines Group during the 4th quarter worth approximately $3,858,000. Amundi increased its holdings in shares of American Airlines Group by 31,647.8% during the 4th quarter. Amundi now owns 426,691 shares of the airline’s stock worth $7,510,000 after buying an additional 425,347 shares during the last quarter. KBC Group NV increased its holdings in shares of American Airlines Group by 46.0% during the 4th quarter. KBC Group NV now owns 8,982 shares of the airline’s stock worth $157,000 after buying an additional 2,830 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of American Airlines Group by 16.6% during the 4th quarter. Janney Montgomery Scott LLC now owns 16,119 shares of the airline’s stock worth $281,000 after buying an additional 2,295 shares during the last quarter. Institutional investors and hedge funds own 52.44% of the company’s stock.

American Airlines Group Stock Performance

Shares of AAL stock opened at $11.86 on Tuesday. The firm has a fifty day moving average price of $10.49 and a 200 day moving average price of $14.02. The company has a market cap of $7.82 billion, a P/E ratio of 10.40, a PEG ratio of 0.21 and a beta of 1.31. American Airlines Group Inc. has a 12 month low of $8.50 and a 12 month high of $19.10.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, April 24th. The airline reported ($0.59) EPS for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.10. The firm had revenue of $12.55 billion during the quarter, compared to the consensus estimate of $12.71 billion. American Airlines Group had a net margin of 1.56% and a negative return on equity of 28.56%. The company’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.34) earnings per share. On average, equities analysts forecast that American Airlines Group Inc. will post 2.42 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on AAL. UBS Group cut their price target on shares of American Airlines Group from $13.00 to $9.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Barclays cut their price target on shares of American Airlines Group from $16.00 to $11.00 and set an “equal weight” rating for the company in a report on Tuesday, April 8th. Bank of America cut their price target on shares of American Airlines Group from $16.00 to $12.00 and set a “neutral” rating for the company in a report on Thursday, April 3rd. Redburn Atlantic upgraded shares of American Airlines Group from a “neutral” rating to a “buy” rating and lifted their target price for the company from $18.00 to $24.00 in a report on Wednesday, February 26th. Finally, Citigroup dropped 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 report on Tuesday, March 18th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, American Airlines Group has a consensus rating of “Moderate Buy” and a consensus price target of $15.68.

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.