Envestnet Asset Management Inc. Purchases 16,431 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Envestnet Asset Management Inc. raised its position in American Airlines Group Inc. (NASDAQ:AAL) by 43.1% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 54,564 shares of the airline’s stock after buying an additional 16,431 shares during the period. Envestnet Asset Management Inc.’s holdings in American Airlines Group were worth $576,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of AAL. Elequin Capital LP lifted its stake in shares of American Airlines Group by 208.5% in the 4th quarter. Elequin Capital LP now owns 1,749 shares of the airline’s stock valued at $30,000 after purchasing an additional 1,182 shares during the period. Golden State Wealth Management LLC increased its position in shares of American Airlines Group by 121.4% in the 1st quarter. Golden State Wealth Management LLC now owns 3,117 shares of the airline’s stock valued at $33,000 after buying an additional 1,709 shares in the last quarter. Bernard Wealth Management Corp. bought a new stake in shares of American Airlines Group in the 4th quarter valued at $42,000. Full Sail Capital LLC bought a new stake in shares of American Airlines Group in the 4th quarter valued at $58,000. Finally, GeoWealth Management LLC increased its position in shares of American Airlines Group by 107.6% in the 4th quarter. GeoWealth Management LLC now owns 3,819 shares of the airline’s stock valued at $67,000 after buying an additional 1,979 shares in the last quarter. 52.44% of the stock is currently owned by institutional investors.

American Airlines Group Trading Up 3.3%

Shares of NASDAQ AAL opened at $11.64 on Wednesday. The firm’s 50-day moving average price is $11.52 and its 200-day moving average price is $12.26. The firm has a market capitalization of $7.68 billion, a P/E ratio of 14.55, a P/E/G ratio of 2.55 and a beta of 1.43. American Airlines Group Inc. has a 1-year low of $8.50 and a 1-year high of $19.10.

American Airlines Group (NASDAQ:AAL) last issued its quarterly earnings data on Thursday, July 24th. The airline reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.16. American Airlines Group had a net margin of 1.05% and a negative return on equity of 24.55%. The business had revenue of $14.39 billion during the quarter, compared to the consensus estimate of $14.27 billion. During the same period in the prior year, the firm posted $1.09 EPS. The firm’s quarterly revenue was up .4% compared to the same quarter last year. Equities research analysts forecast that American Airlines Group Inc. will post 2.42 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently commented on AAL shares. TD Cowen upped their price objective on shares of American Airlines Group to $13.00 and gave the company an “unchanged” rating in a research report on Friday, April 25th. The Goldman Sachs Group cut shares of American Airlines Group from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $16.00 to $8.00 in a research report on Tuesday, April 8th. Barclays upped their price objective on shares of American Airlines Group from $11.00 to $12.00 and gave the company an “equal weight” rating in a research report on Thursday, July 10th. Sanford C. Bernstein upped their price objective on shares of American Airlines Group from $12.00 to $15.00 and gave the company an “outperform” rating in a research report on Tuesday, May 13th. Finally, Raymond James Financial lowered their target price on American Airlines Group from $15.00 to $14.00 and set an “outperform” rating for the company in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, American Airlines Group presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.76.

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.