American Airlines Group, Inc. (AAL) Shares Bought by WFG Advisors LP

WFG Advisors LP lifted its stake in American Airlines Group, Inc. (NASDAQ:AAL) by 28.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,367 shares of the airline’s stock after acquiring an additional 519 shares during the quarter. WFG Advisors LP’s holdings in American Airlines Group were worth $119,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. MCF Advisors LLC purchased a new position in shares of American Airlines Group in the second quarter worth approximately $106,000. Westside Investment Management Inc. boosted its holdings in shares of American Airlines Group by 3.5% in the second quarter. Westside Investment Management Inc. now owns 2,116 shares of the airline’s stock worth $111,000 after buying an additional 72 shares during the last quarter. First Manhattan Co. boosted its holdings in shares of American Airlines Group by 3.3% in the second quarter. First Manhattan Co. now owns 2,380 shares of the airline’s stock worth $119,000 after buying an additional 75 shares during the last quarter. D. Scott Neal Inc. purchased a new position in shares of American Airlines Group in the second quarter worth approximately $120,000. Finally, IHT Wealth Management LLC boosted its holdings in shares of American Airlines Group by 516.8% in the second quarter. IHT Wealth Management LLC now owns 2,387 shares of the airline’s stock worth $126,000 after buying an additional 2,000 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) opened at 51.93 on Friday. The stock has a market cap of $25.29 billion, a P/E ratio of 12.89 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. The stock has a 50 day moving average of $48.30 and a 200 day moving average of $47.90.

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

In other American Airlines Group news, EVP Maya Leibman sold 10,000 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $47.97, for a total value of $479,700.00. Following the transaction, the executive vice president now owns 161,476 shares in the company, valued at approximately $7,746,003.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ray M. Robinson sold 3,476 shares of the firm’s stock in a transaction on Thursday, September 14th. The shares were sold at an average price of $46.76, for a total value of $162,537.76. Following the completion of the transaction, the director now owns 29,938 shares in the company, valued at approximately $1,399,900.88. The disclosure for this sale can be found here. Insiders have sold a total of 63,476 shares of company stock worth $3,159,738 in the last quarter. Insiders own 0.64% of the company’s stock.

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A number of equities analysts recently issued reports on the stock. Sanford C. Bernstein reissued a “hold” rating on shares of American Airlines Group in a report on Monday, August 7th. Morgan Stanley reaffirmed an “equal weight” rating and set a $51.00 price target (up previously from $47.00) on shares of American Airlines Group in a report on Monday, October 2nd. Zacks Investment Research downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a report on Monday, August 7th. BidaskClub downgraded shares of American Airlines Group from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Finally, Cowen and Company reaffirmed an “outperform” rating and set a $55.00 price target on shares of American Airlines Group in a report on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. American Airlines Group has a consensus rating of “Buy” and a consensus price target of $57.03.

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.

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

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