American Airlines Group Inc. (NASDAQ:AAL) Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers reduced its holdings in American Airlines Group Inc. (NASDAQ:AAL) by 10.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 105,628 shares of the airline’s stock after selling 12,465 shares during the quarter. Cetera Investment Advisers’ holdings in American Airlines Group were worth $1,114,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. U S Global Investors Inc. increased its stake in American Airlines Group by 8.7% during the first quarter. U S Global Investors Inc. now owns 7,181,246 shares of the airline’s stock worth $75,762,000 after acquiring an additional 576,612 shares during the last quarter. Northern Trust Corp increased its stake in American Airlines Group by 22.0% during the fourth quarter. Northern Trust Corp now owns 5,437,904 shares of the airline’s stock worth $94,783,000 after acquiring an additional 980,409 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in American Airlines Group by 21.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 5,280,289 shares of the airline’s stock worth $92,043,000 after acquiring an additional 943,336 shares during the last quarter. Voloridge Investment Management LLC acquired a new stake in American Airlines Group during the fourth quarter worth about $60,190,000. Finally, Two Sigma Advisers LP acquired a new stake in American Airlines Group during the fourth quarter worth about $42,693,000. 52.44% of the stock is currently owned by institutional investors and hedge funds.

American Airlines Group Stock Performance

AAL opened at $11.58 on Tuesday. American Airlines Group Inc. has a one year low of $8.50 and a one year high of $19.10. The stock’s fifty day moving average is $11.55 and its 200-day moving average is $12.05. The company has a market capitalization of $7.64 billion, a PE ratio of 14.47, a P/E/G ratio of 2.64 and a beta of 1.43.

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

Analyst Upgrades and Downgrades

AAL has been the subject of several research analyst reports. Barclays upped their price target on American Airlines Group from $11.00 to $12.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 10th. Bank of America upped their target price on American Airlines Group from $10.00 to $12.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 1st. TD Cowen upped their target price on American Airlines Group to $13.00 and gave the stock an “unchanged” rating in a research report on Friday, April 25th. Sanford C. Bernstein upped their target price on American Airlines Group from $12.00 to $15.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 13th. Finally, Raymond James Financial decreased their target price on American Airlines Group from $15.00 to $14.00 and set an “outperform” rating for the company in a research 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $16.76.

American Airlines Group Company 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.