Prime Capital Investment Advisors LLC lowered its stake in American Airlines Group Inc. (NASDAQ:AAL – Free Report) by 50.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,270 shares of the airline’s stock after selling 36,265 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in American Airlines Group were worth $396,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds also recently bought and sold shares of the company. Arizona State Retirement System increased its position in shares of American Airlines Group by 1.7% in the third quarter. Arizona State Retirement System now owns 48,781 shares of the airline’s stock worth $548,000 after acquiring an additional 811 shares in the last quarter. NewEdge Advisors LLC boosted its stake in American Airlines Group by 6.6% in the 2nd quarter. NewEdge Advisors LLC now owns 13,251 shares of the airline’s stock worth $149,000 after purchasing an additional 823 shares during the period. Teacher Retirement System of Texas grew its position in American Airlines Group by 3.9% during the 2nd quarter. Teacher Retirement System of Texas now owns 24,965 shares of the airline’s stock worth $280,000 after purchasing an additional 948 shares in the last quarter. Bogart Wealth LLC raised its stake in American Airlines Group by 35.1% during the 3rd quarter. Bogart Wealth LLC now owns 3,855 shares of the airline’s stock valued at $43,000 after purchasing an additional 1,002 shares during the period. Finally, Ballentine Partners LLC lifted its holdings in shares of American Airlines Group by 5.7% in the third quarter. Ballentine Partners LLC now owns 18,674 shares of the airline’s stock valued at $210,000 after purchasing an additional 1,003 shares in the last quarter. 52.44% of the stock is owned by hedge funds and other institutional investors.
American Airlines Group Trading Up 0.7%
American Airlines Group stock opened at $15.10 on Wednesday. American Airlines Group Inc. has a 1-year low of $8.50 and a 1-year high of $16.60. The firm’s fifty day simple moving average is $15.07 and its 200-day simple moving average is $13.45. The company has a market capitalization of $9.97 billion, a P/E ratio of 88.82, a P/E/G ratio of 0.56 and a beta of 1.25.
Wall Street Analysts Forecast Growth
Several research firms recently weighed in on AAL. BMO Capital Markets reissued a “market perform” rating and set a $17.00 price target on shares of American Airlines Group in a research report on Wednesday, January 28th. Sanford C. Bernstein reiterated an “outperform” rating on shares of American Airlines Group in a report on Wednesday, January 28th. JPMorgan Chase & Co. raised their price target on shares of American Airlines Group from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Wednesday, January 28th. Barclays upped their price objective on shares of American Airlines Group from $12.00 to $16.00 and gave the company an “equal weight” rating in a research note on Monday, January 12th. Finally, Wells Fargo & Company assumed coverage on shares of American Airlines Group in a report on Thursday, December 18th. They set an “equal weight” rating and a $17.00 price target on the stock. Seven equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, American Airlines Group has a consensus rating of “Hold” and a consensus price target of $17.19.
Get Our Latest Research Report on AAL
American Airlines Group Profile
American Airlines Group Inc is a leading global airline holding company headquartered in Fort Worth, Texas. Formed in December 2013 through the merger of AMR Corporation (parent of American Airlines) and US Airways Group, the company operates one of the world’s largest passenger and cargo networks. Its subsidiaries include American Airlines, which provides mainline service, and American Eagle, a network of regional carriers operating short- and medium-haul routes on behalf of the mainline carrier.
The company offers scheduled air transportation for passengers and cargo to more than 350 destinations in over 50 countries.
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