MPS Loria Financial Planners LLC Invests $167,000 in American Airlines Group, Inc. (AAL)

MPS Loria Financial Planners LLC bought a new position in American Airlines Group, Inc. (NASDAQ:AAL) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,436 shares of the airline’s stock, valued at approximately $167,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. raised its holdings in shares of American Airlines Group by 4,435.0% during the first quarter. BlackRock Inc. now owns 28,607,876 shares of the airline’s stock valued at $1,210,114,000 after purchasing an additional 27,977,045 shares during the last quarter. Primecap Management Co. CA raised its holdings in shares of American Airlines Group by 3.4% during the first quarter. Primecap Management Co. CA now owns 46,745,831 shares of the airline’s stock valued at $1,977,349,000 after purchasing an additional 1,524,040 shares during the last quarter. Cyrus Capital Partners L.P. purchased a new position in shares of American Airlines Group during the second quarter valued at approximately $75,480,000. Skandinaviska Enskilda Banken AB publ raised its holdings in shares of American Airlines Group by 4,841.9% during the first quarter. Skandinaviska Enskilda Banken AB publ now owns 943,900 shares of the airline’s stock valued at $39,927,000 after purchasing an additional 924,800 shares during the last quarter. Finally, Parametric Portfolio Associates LLC raised its holdings in shares of American Airlines Group by 111.2% during the second quarter. Parametric Portfolio Associates LLC now owns 1,336,192 shares of the airline’s stock valued at $67,237,000 after purchasing an additional 703,617 shares during the last quarter. Hedge funds and other institutional investors own 81.53% of the company’s stock.

American Airlines Group, Inc. (NASDAQ AAL) traded down 0.23% during mid-day trading on Tuesday, hitting $52.15. 1,955,730 shares of the stock were exchanged. The company has a 50 day moving average of $47.33 and a 200 day moving average of $47.63. The firm has a market cap of $25.40 billion, a P/E ratio of 12.95 and a beta of 0.99. American Airlines Group, Inc. has a 12-month low of $38.21 and a 12-month high of $54.48.

American Airlines Group (NASDAQ:AAL) last released its earnings results on Friday, July 28th. The airline reported $1.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.87 by $0.05. American Airlines Group had a net margin of 5.02% and a return on equity of 83.58%. The firm had revenue of $11.11 billion for the quarter, compared to analyst estimates of $11.08 billion. During the same period in the prior year, the firm earned $1.77 earnings per share. The business’s quarterly revenue was up 7.2% compared to the same quarter last year. On average, equities analysts anticipate that American Airlines Group, Inc. will post $4.58 earnings per share for the current fiscal year.

In related news, EVP Elise R. Eberwein sold 50,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The shares were sold at an average price of $50.35, for a total transaction of $2,517,500.00. Following the sale, the executive vice president now directly owns 312,368 shares in the company, valued at $15,727,728.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ray M. Robinson sold 3,476 shares of the company’s stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $46.76, for a total transaction of $162,537.76. Following the sale, the director now owns 29,938 shares in the company, valued at $1,399,900.88. The disclosure for this sale can be found here. Insiders have sold 63,476 shares of company stock worth $3,159,738 over the last 90 days. Insiders own 0.69% of the company’s stock.

AAL has been the subject of several research reports. Atlantic Securities initiated coverage on shares of American Airlines Group in a report on Tuesday, June 20th. They set an “underweight” rating and a $56.00 price objective for the company. Bank of America Corporation boosted their price objective on shares of American Airlines Group from $40.00 to $42.00 and gave the company an “underperform” rating in a report on Friday, June 30th. BidaskClub raised shares of American Airlines Group from a “buy” rating to a “strong-buy” rating in a report on Saturday, July 8th. Morgan Stanley reissued an “equal weight” rating and set a $50.00 price objective (up from $49.00) on shares of American Airlines Group in a report on Monday, July 10th. Finally, Citigroup Inc. boosted their price objective on shares of American Airlines Group from $58.00 to $67.00 and gave the company a “buy” rating in a report on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $57.03.

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American Airlines Group Profile

American Airlines Group Inc is a holding company. The Company’s primary business activity is the operation of a network air carrier, providing scheduled air transportation for passengers and cargo. The Company operates through American segment, which provides air transportation for passengers and cargo.

Institutional Ownership by Quarter for American Airlines Group (NASDAQ:AAL)

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