Vanguard Group Inc. Acquires 639,760 Shares of American Airlines Group Inc. (NASDAQ:AAL)

Vanguard Group Inc. boosted its holdings in shares of American Airlines Group Inc. (NASDAQ:AAL) by 1.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 63,625,284 shares of the airline’s stock after purchasing an additional 639,760 shares during the period. Vanguard Group Inc. owned about 9.65% of American Airlines Group worth $671,247,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings 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 acquiring an additional 1,182 shares during the last quarter. Bogart Wealth LLC raised its position in American Airlines Group by 1,300.0% during the 1st quarter. Bogart Wealth LLC now owns 2,800 shares of the airline’s stock worth $30,000 after purchasing an additional 2,600 shares during the last quarter. Assetmark Inc. bought a new position in American Airlines Group during the 1st quarter worth $30,000. Golden State Wealth Management LLC raised its position in American Airlines Group by 121.4% during the 1st quarter. Golden State Wealth Management LLC now owns 3,117 shares of the airline’s stock worth $33,000 after purchasing an additional 1,709 shares during the last quarter. Finally, Bernard Wealth Management Corp. bought a new position in American Airlines Group during the 4th quarter worth $42,000. 52.44% of the stock is currently owned by institutional investors.

American Airlines Group Price Performance

Shares of AAL opened at $13.11 on Thursday. The stock has a 50-day moving average of $11.61 and a 200-day moving average of $12.06. The company has a market cap of $8.65 billion, a PE ratio of 16.39, a P/E/G ratio of 2.95 and a beta of 1.43. American Airlines Group Inc. has a one year low of $8.50 and a one year high of $19.10.

American Airlines Group (NASDAQ:AAL) last issued its earnings results on Thursday, July 24th. The airline reported $0.95 EPS for the quarter, beating the consensus estimate of $0.79 by $0.16. The company had revenue of $14.39 billion during 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 firm’s revenue for the quarter was up .4% compared to the same quarter last year. During the same period last year, the business posted $1.09 EPS. Analysts expect that American Airlines Group Inc. will post 2.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

AAL has been the subject of several analyst reports. TD Cowen raised 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. Bank of America raised 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. UBS Group raised their target price on American Airlines Group from $9.00 to $12.00 and gave the stock a “neutral” rating in a research report on Monday, July 7th. 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 research report on Friday, April 25th. Finally, Sanford C. Bernstein raised 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. One equities 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $16.76.

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.